Q222
Excise tax is a part of
A.
Fixed cost
B.
Variable cost
AnswerC.
Implicit cost
D.
Is not a part of cost
Answer: Option B
Solution
Answer: Option B
Solution:
Excise tax is a part of Variable cost. Excise duty is an indirect tax. That means the tax amount is included as part of the selling price. Excise duty, also known as excise tax, is ultimately passed on and paid by the consumer when he makes a purchase.