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

What is the optimal size of production run for solar cell, The 3M incorpora...

The 3M incorporate produces solar cell panels, and the production rate can be 8,000 pieces per day. The demand for the solar panel is 30,000 pieces per month. The fixed cost of set

Explain three major issues from a business perspective, When you look at th...

When you look at the field of benefits as an Employer what do you find to be the three major issues from a business perspective? Now look at benefits as an Employee and identify th

Explain what is your total cost for balls each year, You buy tow hitch ball...

You buy tow hitch balls in large lots for the tow tractors you manufacture. You estimate that it costs you approximately 20% of cost to store a ball for a year. Ordering cost is

Types of process technologies - job production, Types of Process Technologi...

Types of Process Technologies - Job Production Job one off or make complete are description given to the organization whereby the complete task is handled by a single worker o

Explain some possible strategic initiatives, Suggest some possible strategi...

Suggest some possible strategic initiatives that Sigma could pursue to continue its growth

Define the term total quality management in short, Define the term total qu...

Define the term total quality management in short. Total quality management (TQM): Total quality management is the procedure of embracing a quality conscious philosophy o

Limitations of e-business, Limitations of E-Business 1.      Problems ...

Limitations of E-Business 1.      Problems relating to the security of the data  2.      Limitations of bandwidth (speed of data transmission)  3.      Standardisation o

Explain what strategic objectives in traditional approach, Lincoln electric...

Lincoln electric is gradually moving toward using a more traditional approach to pay, putting less emphasis on earnings at risk. What strategic objectives would lead the company to

Explain develop an aggregate production plan, ABC Company, a manufacturer o...

ABC Company, a manufacturer of roofing supplies, has developed monthly forecasts for roofing tiles. The forecasted demand and the expected production days for months March to Augus

Explain how an mnc selects an organizational structure, Complete a 3 page p...

Complete a 3 page paper in APA format (plus cover sheet and reference page) that discusses at least three factors that influence how an MNC selects an organizational structure

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