Bud’s is a florist. They pay their insurance twice a year. Would the insurance be a fixed cost or a variable cost? Explain your answer. Bud pays his delivery people $15.00 an hour. Would the wages of the delivery people be a fixed cost or a variable cost? Explain your answer.

Bud’s is a florist. They pay their insurance twice a year. Would the insurance be a fixed cost or a variable cost? Explain your answer. Bud pays his delivery people $15.00 an hour. Would the wages of the delivery people be a fixed cost or a variable cost? Explain your answer.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Bud’s is a florist. They pay their insurance twice a year. Would the insurance be a fixed cost or a variable
cost? Explain your answer.
Bud pays his delivery people $15.00 an hour. Would the wages of the delivery people be a fixed cost or a
variable cost? Explain your answer.

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