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Horngren'S Financial And Managerial Accounting
Found in: Page 1119

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Short Answer

A chain of convenience stores has one manager per store who is paid a monthly salary. Relative to Store #36 located in Atlanta, Georgia, is the manager’s salary fixed or variable? Why?

The manager’s salary is a fixed cost.

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Step by Step Solution

Fixed Cost:

The cost that is not the function of the any other variable is known as fixed cost, therefore it remain constant.

Reasoning  

The manager’s salary is a fixed cost because the salary of a manager is dependent upon store #36 located in Atlanta.

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