Use this accounting resource to improve your accounting knowledge and bookkeeping understanding. All of these accounting terms have been reviewed and are written so they can be understood for a wide range of accountants, bookkeeppers, cpas professionals.
Please pick a letter to proceed to the terms associated with that letter.
Fixed cost is an operating expense that is incurred to provide facilities and organization which are kept in readiness to do business without regard to actual volumes of production and sales. Fixed costs remain relatively constant until changed by managerial decision; within general limits they do not vary with business volume. Examples are: interest on bonds, rent, property tax, depreciation (sometimes in part). These are operating expenses that are incurred to provide facilities and organizations that are kept in readiness to do business without regard to volumes of production and sales. These fixed costs remain relatively constant until changed by managerial decision. Some examples of fixed costs are rent, property taxes, and interest expense.
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