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An expense that costs the same whether or not a firm is producing a good or service?
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∙ 11y ago
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∙ 11y ago
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What is the name of the law that states that as we shift factors of production from making one good or service to another the cost of producing the second item increase?
the law of increasing costs
What are bank expenses?
Major bank expenses are: Operational Costs - employee salaries; Captital Costs -buying equipment and or buildings; Financing Costs - interest expense for loans and bonds
During the 1920s Americans were producing and selling products at lower costs then their foreign competitors?
True
In the short run the Sure-Screen T-Shirt Company is producing 500 units of output Its average variable costs are 2.00 and its average fixed costs are 50 The firm's total costs?
1,250
The law of increasing opportunity costs exists because?
because resources are not equally efficient in producing various goods
Can an expense be defined as variable cost and fixed costs?
depending on if the expense is a recurring is whether or not it can be fixed . most expense are unseen and therefore can not be put in as a fixed cost
When should be the cost of product warranty included as an expense?
Just as with any other cost of doing business, When the expense is incurred in the course of production or service then those costs should be included in expenses.
Would costs incurred for advertising be considered revenue or expense?
it is considered as a deferred expense.
Is Direct Cost an Expense?
Yes direct costs are expense when they are occurred and benefit of which are taken by company.
When do expenses become costs?
When does a cost become an expense
What kind of expense is cartage?
Cartage generally refers to transportation costs. For example payments to haulers to deliver fuel from a terminal to customer site, service station, etc. Cartage costs are normally booked under Operating Expenses
Is sales commission expense a period cost?
Yes, period costs are non manufacturing costs
What is an example of a recurring expense for a household budget?
An example of a recurring expense for a household budget is the rent or mortgage. Other examples are food costs, the phone bill and electricity costs.
What are the costs of producing Nuclear enegry?
1440000000000
What are the approximate costs in producing a bandaid?
$4.00
What is the name of the law that states that as we shift factor of production from making one goods or service to another the cost of producing the second item increase?
the law of increasing costs
What is the name of the law that states that as we shift factors of production from making one good or service to another the cost of producing the second item increases?
the law of increasing costs
