Which of the Following Best Describes Total Fixed Cost?​

question 182

Multiple Choice

Which of the following best describes total fixed cost?​

• A) ​The change in total cost when one additional unit of output is produced.
• B) ​Total cost divided by the quantity of output produced.
• C) ​Total variable cost divided by the quantity of output produced.
• D) ​Total fixed cost divided by the quantity of output produced.
• E) ​Costs that do not vary as output varies.

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Definitions:

Manufacturing Overhead

The indirect factory-related costs that are incurred when a product is manufactured, including costs such as maintenance, utilities, and equipment depreciation.

Predetermined Overhead Rate

An estimated rate used to assign overhead costs to products or job orders, based on a selected activity base.

Direct Labor-Hours

The total number of labor hours spent on producing a single unit of a product or service.

Fixed Manufacturing Overhead

Costs that do not vary with production volume, such as rent, salaries of permanent staff, and depreciation of factory equipment.