The Charge That Is Most Likely a Fixed Cost Is

question 65

Multiple Choice

The charge that is most likely a fixed cost is for:

• A)materials.
• B)equipment rental.
• C)direct labor.
• D)utilities.

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Definitions:

Perfection

In legal terms, the process of securing a secured interest in an asset, ensuring priority over other claims in case of debtor default.

Motor Vehicle

A self-propelled vehicle used for transporting passengers or goods on ground.

Department of Motor Vehicles

The Department of Motor Vehicles (DMV) is a state-level government agency that administers vehicle registration and driver licensing.

Personal Property

Any movable property owned by an individual or entity, as opposed to real estate.