AQA economics AS - Fixed and Variable costs

Determine if each cost is fixed or variable...
Quiz by EvanRoberts
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Last updated: November 26, 2016
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First submittedNovember 26, 2016
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Average score90.0%
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Answer
Depreciation of fixed capital due to age
Fixed
The costs of employing salaried staff
Fixed
Annual business rate charged by local authorities
Fixed
Costs of raw materials and components
Variable
The costs of meeting interest payments on loans
Fixed
Leasing or purchasing capital equipment
Fixed
Costs of electricity and gas
Variable
Cost of business insurance
Fixed
Wages of part-time/ hourly paid staff
Variable
Depreciation of capital due to wear and tear
Variable
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