- What is repair in maintenance?
- What are examples of fixed costs?
- What are the 4 types of maintenance?
- Is depreciation fixed or variable cost?
- What are fixed monthly expenses?
- Is equipment maintenance a fixed cost?
- What are examples of direct and indirect costs?
- Why is rent a fixed cost?
- Is repairs and maintenance a fixed or variable cost?
- Is Rent a direct expense?
- What are examples of indirect costs?
- What are examples of repairs?
- What are the 3 types of maintenance?
- What type of expense is repairs and maintenance?
- Are maintenance costs direct or indirect?
- What is the difference between repairs and maintenance?
- Is rent a fixed or variable expense?
- Is payroll taxes a fixed or variable cost?
What is repair in maintenance?
Repair and maintenance means preventative and routine upkeep, and/or preservation or restoration of an existing element, space, building, or facility..
What are examples of fixed costs?
Examples of fixed costs include rental lease payments, salaries, insurance, property taxes, interest expenses, depreciation, and potentially some utilities.
What are the 4 types of maintenance?
Four general types of maintenance philosophies can be identified, namely corrective, preventive, risk-based and condition-based maintenance.
Is depreciation fixed or variable cost?
Depreciation is a fixed cost, because it recurs in the same amount per period throughout the useful life of an asset. Depreciation cannot be considered a variable cost, since it does not vary with activity volume. However, there is an exception.
What are fixed monthly expenses?
The definition of fixed expenses is “any expense that does not change from period to period,” such as mortgage or rent payments, utility bills, and loan payments. … Here is a list of categories to include in your fixed expenses: Mortgage(s) Rent. Property taxes (if paying monthly)
Is equipment maintenance a fixed cost?
Fixed expenses or costs are those that do not fluctuate with changes in production level or sales volume. They include such expenses as rent, insurance, dues and subscriptions, equipment leases, payments on loans, depreciation, management salaries, and advertising.
What are examples of direct and indirect costs?
Examples of Direct Costs and Indirect Costs Examples of direct costs are direct labor, direct materials, commissions, piece rate wages, and manufacturing supplies. Examples of indirect costs are production supervision salaries, quality control costs, insurance, and depreciation.
Why is rent a fixed cost?
Fixed Costs Example Fixed costs remain constant for a specific period. These costs are often time-related, such as the monthly salaries or the rent. For example, the rent of a building is a fixed cost that a small business owner negotiates with the landlord based the square footage needed for its operations.
Is repairs and maintenance a fixed or variable cost?
All costs like repairs and maintenance, indirect labor, etc., are variable overhead costs. The overheads costs that are constant when totaled but variable in nature when calculated per unit are known as fixed overheads. Fixed costs tend to decrease per unit with the increase in the production output.
Is Rent a direct expense?
Understanding Direct Costs Although direct costs are typically variable costs, they can also include fixed costs. Rent for a factory, for example, could be tied directly to the production facility. Typically, rent would be considered overhead.
What are examples of indirect costs?
Indirect costs include costs which are frequently referred to as overhead expenses (for example, rent and utilities) and general and administrative expenses (for example, officers’ salaries, accounting department costs and personnel department costs).
What are examples of repairs?
Repair is the act of fixing or the state of being repaired. An example of a repair is a fixed brake system on a car. To restore to sound condition after damage or injury; fix. Repaired the broken watch.
What are the 3 types of maintenance?
What are the Different Types of Maintenance?Preventive Maintenance.Condition-Based Maintenance.Predictive Maintenance.Corrective Maintenance.Predetermined Maintenance.Gaining Maintenance Knowledge with Interplay Learning.
What type of expense is repairs and maintenance?
Repairs and maintenance are expenses a business incurs to restore an asset to a previous operating condition or to keep an asset in its current operating condition. They are distinct from capital expenses used to purchase the asset.
Are maintenance costs direct or indirect?
In manufacturing, costs not directly assignable to the end product or process are indirect. These may be costs for management, insurance, taxes, or maintenance, for example. Indirect costs are those for activities or services that benefit more than one project.
What is the difference between repairs and maintenance?
Repairs are restoration work for when something gets broken, damaged or stops working. Maintenance are routine activities meant to prevent damage and prolong the life of appliances, fixtures, and the property itself. Examples include regular cleaning of air-conditioning units, grease traps, repainting, and the likes.
Is rent a fixed or variable expense?
Unlike variable costs, a company’s fixed costs do not vary with the volume of production. … The variable costs change from zero to $2 million in this example. The most common examples of fixed costs include lease and rent payments, utilities, insurance, certain salaries, and interest payments.
Is payroll taxes a fixed or variable cost?
Other common fixed cost expenses are advertising costs, payroll for salaried employees, payroll taxes, employee benefits, and office supplies.