MANAGEMENT

Detailed explanation-1: -Wages paid to workers however can vary as the number of workers increase or decrease. Hence it is not considered as a fixed cost.

Detailed explanation-2: -Examples of fixed costs are rent and lease costs, salaries, utility bills, insurance, and loan repayments.

Detailed explanation-3: -Shipping or delivery costs are often variable costs directly tied to the volume of sales and production.

Detailed explanation-4: -The shipping charges are considered variable costs because they can be eliminated when there is no case of shipping the production from one place to another. Shipping charges are imposed on the firm only when it produces goods and services and delivers them across countries or cities through ships.