<span>in estimating profitability of a catering business, the one that is most lilely to be considered a fixed expense in yhe overhead cost is : Insurance premiums
Fixed expense held the same amount no mater how much sales you made.
In insurance premiums, you pay exactly the same amount per month, so i think insurance premiums could be grouped in as a fixed expense</span>
An insurance premium is the amount of money a business pays for an insurance policy. It is a fixed sum of money, unlike the cost of rental equipment or utilities charges or temporary staff wages that may vary and, for that reason, can hardly be considered to be fixed expenses.
