An Example of a Committed Fixed Cost for a Clothing

question 156

Multiple Choice

An example of a committed fixed cost for a clothing manufacturer is

• A)An annual contract for television advertising cost.
• B)A 10-year lease on an office building.
• C)Yards of fabric used.
• D)None of these ans choices are correct.

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Definitions:

Ledger

A comprehensive collection of all the accounts of a company, showing transactions and resulting balances.

Journal

A book or digital record used in accounting to record each financial transaction as it occurs in chronological order.

Ledger

A book or computer file for recording and totaling economic transactions measured in terms of a monetary unit of account by account type.

Transposition

The accidental rearrangement of digits of a number. Example: 152 → 125.