Examlex
Which of the following is incorrect?
Fixed Costs
Expenses that remain constant regardless of the amount of production or sales, including rent, wages, and insurance premiums.
Mixed Cost
A cost that contains both fixed and variable components and changes with the level of output but not directly in proportion.
Fixed Cost Element
A component of total costs that does not change with the level of output or activity within a certain range.
Fixed Cost
Costs that do not change with the level of manufacturing activity or output, such as rent, salaries, and insurance premiums.
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