26) Which of the following is a fixed cost for a chocolate factory over the course of a month? A) Depreciation of machines due simply to their ageB) Overtime payC) The cost of cocoaD) The cost of electricity (paid quarterly) for running the mixing machines

Cost is defined as an expenditure which is required to produce or sell a product . Fixed Cost is…

Answered: Which of the following is a fixed cost…

Business

Economics

Which of the following is a fixed cost for a chocolate factory over the course of a month?

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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Question

26) Which of the following is a fixed cost for a chocolate factory over the course of a month?

A) Depreciation of machines due simply to their age
B) Overtime pay
C) The cost of cocoa
D) The cost of electricity (paid quarterly) for running the mixing machines

Definition Video Definition Accounting method wherein the cost of a tangible asset is spread over the asset's useful life. Depreciation usually denotes how much of the asset's value has been used up and is usually considered an operating expense. Depreciation occurs through normal wear and tear, obsolescence, accidents, etc. Video

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