Explain Whether Each of the Following Is a Fixed Cost

question 303

Essay

Explain whether each of the following is a fixed cost or a variable cost for Damian Dandridge's tattoo parlor.
a.The payment he makes to buy tattoo ink.
b.The wages he pays his employees.
c.The $500-per-month payment he makes to advertise his shop on highway billboards.
d.The lease payment he makes to the landlord who owns the building where his shop is located.
e.The payment he makes on his liability insurance policy.

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Definitions:

Incubation Period

Period between exposure to an infection and when symptoms start to manifest.

Exposure To Infection

The state of coming into contact with infectious agents (bacteria, viruses, fungi), potentially leading to illness.

Appearance Of The First Symptom

The initial manifestation or indication of the presence of a disease or medical condition.

Photosensitivity

Inability to tolerate light due to medication effects or illness.