Insurance and garage rent is ........

Costing - Phase (I & II) Basics of Cost Control and Analysis

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Insurance and garage rent is ________

fixed charges

maintenance charges

operating charges

running charges

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Explanation:

Insurance and garage rent is fixed charges. A fixed charge is any type of expense that recurs on a regular basis, regardless of the volume of business. Fixed charges are a type of business expense that occurs on a regular basis, and is independent of the volume of business