{"id":41,"date":"2015-06-03T19:13:58","date_gmt":"2015-06-03T19:13:58","guid":{"rendered":"https:\/\/courses.candelalearning.com\/managacct2x10xmaster\/?post_type=chapter&#038;p=41"},"modified":"2015-12-27T15:20:41","modified_gmt":"2015-12-27T15:20:41","slug":"fixed-costs","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/suny-managacct\/chapter\/fixed-costs\/","title":{"raw":"5.4 Accounting in the Headlines: Costs","rendered":"5.4 Accounting in the Headlines: Costs"},"content":{"raw":"<h1 class=\"title\">Are the costs of owning a car fixed, variable, or\u00a0mixed?<\/h1>\r\n<div class=\"entry\">\r\n\r\n<a href=\"http:\/\/wtietz.files.wordpress.com\/2014\/05\/car-costs.jpg\"><img class=\"alignright size-medium wp-image-857\" src=\"http:\/\/wtietz.files.wordpress.com\/2014\/05\/car-costs.jpg?w=300&amp;h=161\" alt=\"car-costs\" width=\"300\" height=\"161\" \/><\/a>According to a recent news article in the Wall Street Journal (\u201cMercedes or Ford, It Costs a Lot More Than You Think,\u201d Wall Street Journal, Sunday Journal, March 15, 2014), the average consumer spends more than $760 a month on his\/her vehicle and related expenses.\r\n<ul>\r\n\t<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Purchase price of the car<\/li>\r\n\t<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Finance charges on car loan<\/li>\r\n\t<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Gas<\/li>\r\n\t<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Oil changes<\/li>\r\n\t<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Routine maintenance<\/li>\r\n\t<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Tires<\/li>\r\n\t<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Insurance<\/li>\r\n\t<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 License plate\/registration<\/li>\r\n\t<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 SiriusXM Radio subscription cost<\/li>\r\n\t<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Car washes<\/li>\r\n\t<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Garage\/parking<\/li>\r\n\t<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Parking tickets<\/li>\r\n\t<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Speeding tickets<\/li>\r\n\t<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Value of car owner\u2019s time spent commuting<\/li>\r\n<\/ul>\r\n<strong>Questions<\/strong>\r\n<ol>\r\n\t<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Which of the costs above would most likely be <strong>variable<\/strong> with respect to the number of miles the car owner drives?<\/li>\r\n\t<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Which of the costs above would most likely be <strong>fixed<\/strong> with respect to the number of miles the car owner drives?<\/li>\r\n\t<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Which of the costs above would most likely be <strong>mixed<\/strong> with respect to the number of miles the car owner drives?<\/li>\r\n<\/ol>\r\n<\/div>","rendered":"<h1 class=\"title\">Are the costs of owning a car fixed, variable, or\u00a0mixed?<\/h1>\n<div class=\"entry\">\n<p><a href=\"http:\/\/wtietz.files.wordpress.com\/2014\/05\/car-costs.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-857\" src=\"http:\/\/wtietz.files.wordpress.com\/2014\/05\/car-costs.jpg?w=300&amp;h=161\" alt=\"car-costs\" width=\"300\" height=\"161\" \/><\/a>According to a recent news article in the Wall Street Journal (\u201cMercedes or Ford, It Costs a Lot More Than You Think,\u201d Wall Street Journal, Sunday Journal, March 15, 2014), the average consumer spends more than $760 a month on his\/her vehicle and related expenses.<\/p>\n<ul>\n<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Purchase price of the car<\/li>\n<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Finance charges on car loan<\/li>\n<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Gas<\/li>\n<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Oil changes<\/li>\n<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Routine maintenance<\/li>\n<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Tires<\/li>\n<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Insurance<\/li>\n<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 License plate\/registration<\/li>\n<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 SiriusXM Radio subscription cost<\/li>\n<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Car washes<\/li>\n<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Garage\/parking<\/li>\n<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Parking tickets<\/li>\n<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Speeding tickets<\/li>\n<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Value of car owner\u2019s time spent commuting<\/li>\n<\/ul>\n<p><strong>Questions<\/strong><\/p>\n<ol>\n<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Which of the costs above would most likely be <strong>variable<\/strong> with respect to the number of miles the car owner drives?<\/li>\n<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Which of the costs above would most likely be <strong>fixed<\/strong> with respect to the number of miles the car owner drives?<\/li>\n<li>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Which of the costs above would most likely be <strong>mixed<\/strong> with respect to the number of miles the car owner drives?<\/li>\n<\/ol>\n<\/div>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-41\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Specific attribution<\/div><ul class=\"citation-list\"><li>Are the costs of owning a car fixed, variable, or mixed?. <strong>Authored by<\/strong>: Dr. Wendy Tietz, CPA, CMA, CGMA . <strong>Located at<\/strong>: <a target=\"_blank\" href=\"http:\/\/www.accountingintheheadlines.com\">http:\/\/www.accountingintheheadlines.com<\/a>. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by-nc\/4.0\/\">CC BY-NC: Attribution-NonCommercial<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t <\/section>","protected":false},"author":1195,"menu_order":5,"template":"","meta":{"_candela_citation":"[{\"type\":\"cc-attribution\",\"description\":\"Are the costs of owning a car fixed, variable, or mixed?\",\"author\":\"Dr. Wendy Tietz, CPA, CMA, CGMA 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