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

Cattell''s 16pf test is normally associated, Cattell's 16PF test is normall...

Cattell's 16PF test is normally associated with Employee selection

Describe operation management strategy for company, Identify how changes in...

Identify how changes in the external environment may affect the operation management strategy for company. For example, what are the following factors likely to have on operation m

Explain project management is a strategic necessity, Project Management is ...

Project Management is a strategic necessity for the success of any business. Based on the reading in the chapters what do you think are the 5 most critical points in delivering suc

Explain principles for determining product mix, The senior management at Ca...

The senior management at Canine Kernels Company CKC is concerned with the existing capacity limitations so they want to accept the mix of orders that maximizes the company's profit

Explain smoothing constan, Systembolaget uses forecasting to predict the nu...

Systembolaget uses forecasting to predict the number of bottles they think they will sell the next day. Below are the number of bottles sold each day during the five-day work week

Lowest cost entry method, Lowest Cost Entry method s( LCEM) or Matrix Minim...

Lowest Cost Entry method s( LCEM) or Matrix Minima Method: Step1: Determine  the smallest  cost in  the cost matrix of the transportation table. Let it be ( C ij ). Allocate

Describe the three fundamental principles of statistical, Explain the three...

Explain the three fundamental principles of statistical thinking. Use an example from either your personal life or a work process to illustrate

Explain work is a combination of precision machining, Layout Homework Probl...

Layout Homework Problems 6. Avalanche, Inc. is a manufacturer of premium snow skis. The work is a combination of precision machining and skilled craftsmanship. Before completion, s

Use of post-operative patient controlled analgesia, Use of post-operative p...

Use of post-operative patient controlled analgesia: Does the use of post-operative patient controlled analgesia (pca) in hospital settings help reduce overall morphine consump

Range - statistical aspects of variability, Range - Statistical Aspects of ...

Range - Statistical Aspects of Variability The range is simply the difference between the highest and lowest measurements recorded. Let us say that, in this case, the highest

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