For a construction company, would the $50,000 annual salary paid to its construction supervisor...
Question:
For a construction company, would the $50,000 annual salary paid to its construction supervisor be considered a fixed or variable cost? Explain.
Cost Types:
The overall costs for a firm are usually classified into various categories to facilitate analysis at a granular level. These classifications could be product costs & period costs, fixed costs & variable costs, or manufacturing costs & operating costs.
Answer and Explanation: 1
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View this answerThe annual salary of $50,000 paid to the construction supervisor is a fixed cost because it does not vary proportionately with the production volume...
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What is Cost Structure? - Definition, Types & Examples
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Chapter 9 / Lesson 25
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Learn about cost structures. Understand what a cost structure is, explore its role and importance in a business plan, and see an example of a cost structure.
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