Which One of the Following Is a Variable Cost for an Insurance

question 166

Multiple Choice

Which one of the following is a variable cost for an insurance company?

• A) rent of the building
• B) CEO's salary
• C) electricity expenses
• D) property taxes

Understand the role and objectives of managerial accounting.

Distinguish between financial accounting and managerial accounting.

Identify the components of managerial accounting reports and their characteristics.

Recognize and categorize the manufacturing costs including direct materials, direct labor, and factory overhead.

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Definitions:

Child Support

Financial contributions that a non-custodial parent is legally obligated to pay to support their offspring's upbringing and welfare.

Divorced Parents

Individuals who have legally dissolved their marriage, which may have various social and psychological effects on their family dynamics.

Single Fathers

Men who are the sole caregivers and providers for their children without the presence or assistance of the children's mother.

Custody

The protective care or guardianship of someone or something, often used to describe the legal guardianship a court may grant to a parent or guardian.