it cost nothing
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.
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.
Yes
Uncontrollable cost is that cost which is not in descretion of management to be controlled. A good example of an uncontrollable cost is insurance. A manager who runs a department on the factory floor does not have control over the liability insurance that the company buys.
The company Insurance Factory is an insurance broker. It provides insurance adjuster services for Allstate, Integrated Insurance Services, Property Insurance, and General Auto Insurance.
No. They are a product cost/factory overhead cost
Factory heating cost is overhead cost and part of product cost as if there is no production there is no factory heating requires.
Prime cost is a subset of Factory cost. Prime cost consist of Direct material, Direct labour and Direct expenses. Factory cost = Prime cost + Production OH
Insurance factory specializes in offering clients insurance if they are considered to be high risk. As with a finance company that offers clients who have bad credit a loan or credit card, insurance factories do this regarding insurance. www.insurancefactory.co.uk/quote.php
Yes factory rent is direct cost because without factory there is no possibility for production of units of goods.
is insurance premiums for fire insurance an example of variable cost?
Gas mileage does not influence the cost of insurance.