Question

Is the only activity which produces revenue while all other activities incurs expenditure

Answer 1

Answer:

Explanation:

Examples of fixed costs are overhead costs such as rent, interest expenses, property taxes and depreciation. Depreciation expense is used to better match the expense of a long-term asset to the revenue it generates. of fixed assets. One special example of fixed cost is direct labor cost.

Answer 2

Answer:

production

Explanation:

production

In order to produce goods and services which can be sold, and generate revenue and profits, a firm must purchase or hire scarce inputs, which are its factors of production. These factors can be fixed or variable.