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

Explain what is the purpose of drug courts, What is the purpose of drug cou...

What is the purpose of drug courts? What do you think will be their future? Do you think drug courts are a good idea? Why or why not?

Explain the proper marketing, Marketing strategy consists of selecting a se...

Marketing strategy consists of selecting a segment of the market as the company's target market and designing the proper marketing "mix" that meets the needs of that segment. Discu

Explain integrated forecasting and inventory control system, Herman Hahn is...

Herman Hahn is attempting to set up an integrated forecasting and inventory control system for his hardware store, Hahn's Hardware. When Herman indicates that outdoor lights are a

Number defective - np chart, Number Defective - Np Chart This type of ...

Number Defective - Np Chart This type of chart can be used when it is possible to establish a constant sample size n. It has the advantage that it is readily understood by use

Linear programming, A small-scale industry manufactures electrical regulato...

A small-scale industry manufactures electrical regulators, the assembly of which is being accomplished by a small group of skilled workers, both men and women. Due to the limitat

Describe the impact that batch size has on flow, Explain the impact that ba...

Explain the impact that batch size has on flow. Explain why the EOQ formula works.

Testing the optimality, Step 1 : It is observed that cost of transportation...

Step 1 : It is observed that cost of transportation is to Rs. 144. Step 2: Testing the Optimality : After obtaining the initial basic feasible solution the next step is to test

Describe ways of improving decision making process, Question 1: (a) Exp...

Question 1: (a) Explain the specific steps you would take to ensure that an individual has the appropriate abilities to satisfactorily do a given job. (b) Explain  the four

Describe how erp systems can achieve business integration, Question 1: ...

Question 1: Describe how ERP systems can achieve business integration Analysis of conventional company information systems with respect to ERP packages examples con

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