Rachelle Hamilton has a fast-food franchise and must pay a franchise fee of $45,000 plus 4% of gross sales. In terms of cost behavior, the fee is known as a:
A) variable cost.
B) fixed cost.
C) step-fixed cost.
D) semivariable cost.
E) curvilinear cost.
Correct Answer:
Verified
Q10: The relevant range is that range of
Q24: A review of Parrish Corporation's accounting records
Q25: DuChien Corporation recently produced and sold 100,000
Q28: Which of the following costs exhibits both
Q36: Costs that remain the same over a
Q40: Straight-line depreciation is a typical example of
Q44: Committed fixed costs would include:
A) advertising.
B) research
Q45: Within the relevant range, a curvilinear cost
Q53: Amounts spent for charitable contributions are an
Q54: A variable cost that has a definitive
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents