Is Insurance a fixed, variable or semi-variable cost?

Question

In terms of their behaviour with respect to voulme or level of activity!

Answer 1

Pretty much the same as your question on salary. Depends upon how the insurance is structured. It may be a fixed payment, but in terms of relation to volume or level of activity it is variable. Of course if the insurance cost is variable based on volume or activity than it either variable or semi variable with respect to volume and level of activity

BTW are we doing your homework for school?

Answer 2

Fixed