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 risk premium for the payoff, A decision maker has the f...

A decision maker has the following utility function. Payoff Indifference Probability 250 1.00 200 .90 100 .80 50 .50 -50 0 What is the risk premium for

Sequencing.., program to find optimal sequence, total elapsed time and tota...

program to find optimal sequence, total elapsed time and total idle time in 6 jobs and 3 machines

Explain risk prevention strategies, Risk prevention strategies should inclu...

Risk prevention strategies should include less detailed planning training static designs and traditional systems all of the above none of the above

Discuss the fundamental role of managers and leaders, In organizations ther...

In organizations there are supervisors, managers and leaders. What makes them different? Define each role and discuss the fundamental differences of each. Give position specific ex

Explain calculated values in descending order on the same, Create a procedu...

Create a procedure in VBA to do the following actions: -Create a linear series of numbers starting at 1 (e.g. 1, 2, 3,) -Display a Message Box asking if you'd like to calculate ano

Explain type of cost-plus contract provides the seller, Which type of cost-...

Which type of cost-plus contract provides the seller with a guaranteed dollar-value profit rather than as a percentage? Answer Cost-sharing Cost-plus-award-fee Cost-plu

Explain marketing to stakeholders and stockholders, What is the value of ma...

What is the value of marketing to the consumer, the stakeholder and stockholder and a. the value of your place on marketing b. the value of marketing to customers and consumers c.

Explain percentage must materials cost be reduced, Merk, Inc., produces ele...

Merk, Inc., produces electronics component on an assembly line. The standard cost for the component is $105 (labor $15, materials $60, and other costs $30). The sellings price is $

Explain terminals and arrive at a message concentrator, Messages are transm...

Messages are transmitted from low speed terminals and arrive at a message concentrator at a Poisson rate of 600/hr. They are held in a buffer until a hi-speed trunk line is free to

[email protected], Modelling – meaning and process, Certainty and uncertainty...

Modelling – meaning and process, Certainty and uncertainty in models, importance of understanding data before modelling , modelling with spreadsheet in simple decision situations.

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