Explain fixed cost, Operation Management

Assignment Help:

Explain Fixed Cost.

Fixed Cost:

Cost may be described as the amount of expenditure incurred on, or attributable to a specified thing. Fixed costs are those costs that tend to keep on constant irrespective of the volume of sales or output.

Illustrations of fixed costs: 

* Staff salaries.

* Administration Expenses.

* Rent and establishment charges

* Depreciation.


Related Discussions:- Explain fixed cost

Objectives of work measurement, Objectives of Work Measurement: 1.    ...

Objectives of Work Measurement: 1.       To determine the  standard cost and  as an aid  preparing bidets. 2.        To balance  the crew activities  of those  job requirin

Explain fedex manufacturing process, Describe FedEx manufacturing process a...

Describe FedEx manufacturing process and scheduling approach

How can be a mapping process done, How can be a mapping process done? M...

How can be a mapping process done? Mapping processes can be awkward, long winded and a complicated process as like getting everyone to agree what the procedure looks like along

Explain damage and restrict water access, Please explain how you would hand...

Please explain how you would handle the following question: An environmental impact statement confirms that you are within your legal rights to build a hotel property in a scenic a

Five forms of waste within manufacturing organisations, Describe FIVE forms...

Describe FIVE forms of waste within manufacturing organisations that lean process improvement aims to eliminate. Inventory (all components, work in progress and ended produ

Explain profits and time based competitiveness, Small businesses have been ...

Small businesses have been slower to integrate information technology into their operations than larger companies. Discuss the reasons for this state of affairs, identifying severa

Depict the monthly sales data on a sheet of graph paper, 1. The monthly sal...

1. The monthly sales for Telco Batteries, Inc., were as follows: Month Sales Jan 20 Feb 21 Mar 15 Apr 14 May 13 Jun 16 Jul 17 Aug 18 Sep 20 Oct 20 Nov 21 Dec 23 a. Plot the m

Explain can we really choose between the lesser of two evils, Can we really...

Can we really choose between the lesser of two evils, or is being evil worse that doing evil? Be careful to review the being and doing. Please explain your position

Explain decision alternative and state of nature, A payoff a. is always mea...

A payoff a. is always measured in profit. b. is always measured in cost. c. exists for each pair of decision alternative and state of nature. d. exists for each state of nature.

Explain how many people would you expect to be waiting, Suzy, a bartender, ...

Suzy, a bartender, can serve drinks at the average rate of one every 35 sec. During a hot evening recently, the bar was particularly busy and every 45 sec someone was at the bar as

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd