Yes It is fixed. No matter how much your volume of activity or production you are obliged to pay insurance premium as agreed.
insurance premium
Fixed cost and variable cost is equal to total cost as per following formula: Total Cost = Fixed Cost + Variable Cost
its a fixed cost
The relataionship of cost between the level of production is determine the fixed or variable cost if cost change with production level then it is variable cost otherwise fixed cost.
variable
fixed and variable
Type your answer here... fixed cost + variable cost = total cost
Variable cost = Total Cost/ fixed cost
it is obviously variable
The premium is the cost that you must pay to have the insurance.
No, Janitorial Cost is not a variable cost, it is a Fixed Cost.
Variable