Telephone bills typically having a fixed rental and certain free calls, thereafter every call is chargeable. Hence this is an example of semi-variable cost.
What type of credit is telephone bill?
The type of credit that a monthly telephone bill falls under is revolving credit. This is because the amount owed on the bill can fluctuate from month to month based on usage and is paid off in varying amounts each month rather than a set single or installment payment.
What is a telephone bill?
noun. statement of charges for telephone service. synonyms: telephone bill. account, bill, invoice. an itemized statement of money owed for goods shipped or services rendered.
Is a telephone bill an utilities expense?
Utilities expense is the cost incurred for the use of energy, heat, sewer, and water within a reporting period. In some cases, ongoing phone and internet service costs are also included in this category.
Is a telephone bill a direct or indirect expense?
Your utility or telephone account would be a good example of a variable indirect expense as these fluctuate from month to month. Indirect materials and labor such as tools make production possible, but they cannot be allocated to one product in particular.
Is a phone bill a fixed expense?
Cell phone and internet bills: These are usually fixed bills that are based on what service level you choose, rather than how much of the service you use within a month.
What counts as a telephone bill?
Telephone bill means a billing agent’s invoice, issued in compliance with this Chapter, for products or services rendered by itself and by a service provider(s), if any. Telephone bill means a bill, statement or invoice that includes one or more charges for a telecommunications service.
What type of account is a telephone bill?
Yes, a telephone account can be considered a type of utility bill. Utility bills typically refer to charges for essential services such as water, electricity, gas, and telecommunications (including landline and mobile phone services).