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प्रश्न
Explain with an example the meaning of fixed costs.
Explain fixed cost with suitable examples.
What do you understand by fixed cost? Explain with the help of an example.
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उत्तर
- Fixed costs are those costs that remain fixed in amount irrespective of changes in the volume of output during a given period of time.
- Such costs do not change with changes (increase or decrease) in the level of activity up to a certain limit.
- Rent, insurance, and the depreciation of plants are examples of fixed costs.
- Salaries for permanent staff are considered fixed costs.
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संबंधित प्रश्न
Write a short note on direct costs.
Overheads are often related to accounting concepts such as fixed cost and ______ cost.
Total variable cost per unit increases ______.
The cost remains same at all levels of output is called ______ cost.
Which cost decreases with increase in the volume of output?
Which of the following cost is time based?
It refers to the expenses incurred on those items which are not directly chargeable to production. Salaries of timekeeper, foremen and watchmen are examples of this cost. This cost is incurred for the concern as a whole rather than a particular product.
Which of the following best describes a fixed cost?
Direct cost increases when ______.
What is opportunity cost?
Explain the following:
Sunk cost
Distinguish between controllable and uncontrollable costs.
Distinguish between direct costs and indirect costs.
The term “variable costs” refers to ______.
Fixed cost is a cost which ______.
Fixed cost per unit decreases when ______.
What is meant by variable cost?
What do you mean by Semi-Fixed cost?
Give an example of Semi-Fixed cost.
Explain with an example the meaning of variable costs.
