Rental charges of $40,000 per year plus $3 for each machine hour over 18,000 hours is an example of a fixed cost.

Name: Rental charges of $40,000 per year plus $3 for each machine hour over 18,000 hours is an example of a fixed cost.
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Quizplus · Accepted Answer

The rental charges of $40,000 per year is a fixed cost, but the additional charge of $3 per machine hour over 18,000 is a variable cost since it varies depending on the amount of hours used.

Rental Charges of $40,000 Per Year Plus $3 for Each