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:

Supine Position

Lying on the back with the face upward; a common position for patients in medical settings.

Suction Equipment

Medical devices used to remove substances such as blood, saliva, mucus, and vomit from a person's airway or respiratory tract.

Oxygen Source

A supply system or device that delivers oxygen to patients requiring respiratory support, such as an oxygen cylinder or concentrator.

Noninvasive Ventilation

A method of providing ventilatory support through the patient's upper airway using a mask or similar device without the need for endotracheal intubation.