Which of the Following Is the Biggest Fixed Auto Ownership

question 64

Multiple Choice

Which of the following is the biggest fixed auto ownership cost?

• A)The cost of fuel
• B)The cost of oil
• C)The cost of installment loan payments
• D)The cost of maintenance and repair
• E)The cost of tires

---

Definitions:

Variable Manufacturing Overhead

Costs that change with the level of production output and are associated with the manufacturing process, excluding direct labor and materials.

Cash Collections

Cash collections refer to the process of receiving payments from customers, typically involving money owed for goods sold or services rendered.

Cost of Goods Sold

The total expenses related directly to the manufacturing of a product, encompassing material, labor, and overhead costs, essential for determining gross profit.

Merchandise Inventory

Goods that a retailer, wholesaler, or distributor holds for the purpose of sale to customers.