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The operating expenses that insurance companies incur in developing and distributing insurance products can be classified as fixed or variable costs. Select the answer choice
The operating expenses that insurance companies incur in developing and distributing insurance products can be classified as fixed or variable costs. Select the answer choice that correctly identifies a fixed cost and a variable cost that an insurance company might incur.
Fixed cost
product development costs
premium taxes
property taxes
property taxes
Variable cost
executive salaries
policy issue costs
product development costs
sales commissions
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Cost Accounting A Managerial Emphasis
Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ
6th Canadian edition
978-0132893534, 9780133389401, 132893533, 133389405, 978-0133392883
