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The cost of insurance premia on factory building is recurring expenditure and to be shown on the lefthand side of the Profit & Loss A/c of the company. This not at all a fixed cost.
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∙ 10y ago
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What happens when 'fixed cost' decreases?
Cost can be either fixed cost or variable cost. Fixed costs are the costs that are fixed in nature and do not vary with the change in scale of production. Example of fixed costs are: factory rent. Variable costs vary with the change in scale of production. Example: Raw material cost Net Margin= Sales- Fixed cost- Variable cost Decrease in fixed costs lead to increase in margin of an organization; keeping all other things constant. Sometimes, benefit of decrease in fixed cost may be transferred to the consumer in the form of lower price. Lower price results in higher sales volume with lower sales margin per unit.
When it comes to life insurance premium refers to what?
-Total cost of insurance coverage. You are to consider all the insurance policies you are having on your life,total the premiums for payment on the pre fixed mode
How much does builders risk insurance cost?
How Much Does Builders Insurance Cost?Builders insurance is usually 1% to 5% of your total construction budget. The accurate cost of insurance is determined by the required level of coverage and the insurance company you have chosen.
Depreciation under annuity method?
this method is partyicularly applicableto those assets whose cost is heavy and life is long and fixed e.g. leasehold property, land & building etc
What is the cost of title insurance in Massachusetts Plymouth county for a 355000.00 home?
Most lender insurance is $2.50 per $1000 of the loan and owner's insurance (which includes lender's insurance as well) is $3.75 per $1000 of the sale price of the home plus $175. It's not fixed or regulated in MA, so prices may vary. So, if you paid $355,000 for a home, owner's & lender's insurance combined would be $1,506.25 at these prices. If you got a loan for 95% of the cost ($337,250) and didn't want owner's insurance, the cost of lender's insurance would be $843.13. Lender's insurance is mandatory, owner's is optional. Owner's lasts until you sell the home, I believe lender's would have to be purchased again if you refinanced.
Is Factory insurance fixed cost?
Factory insurance is considered a fixed cost within a monthly or annual budget. When putting together a budget that goes longer than one year factory insurance would not be considered a fixed cost.
Would insurance on a factory assembly facility be a fixed cost?
Yes
Is the cost of a new factory an example of a fixed cost?
yes it is an example of fixed cost
What does factory insurance cost?
it cost nothing
What are examples of fixed and variable cost factory?
examples of fixed cost factory are salary, rent, electricity bills while variable cost are purchase of raw materials,
What is the average construction cost of factory building in Ludhiana India?
construction cost of factory building in Ludhiana India? In Uncategorized
Is depreciation on factory machinery fixed cost?
Yes
Is indirect materials factory a fixed or variable cost?
no
Is building insurance worth the money?
Building insurance is definitely worth getting. The cost of the insurance is relatively low compared to the cost of replacing a building that has been damaged or destroyed.
Is insurance premium a fixed cost or variable cost?
Yes It is fixed. No matter how much your volume of activity or production you are obliged to pay insurance premium as agreed.
What is the meaning of fixed cost in economics?
the cost which is not change with production fixed cost example rent of factory , employee salaries in case of manufacturing unit , fixed electricity charge etc.
Which is most clearly a fixed cost?
insurance premium
