Advertisements
Advertisements
Question
The cost remains same at all levels of output is called ______ cost.
Options
variable
fixed
flexible
urgent
Advertisements
Solution
The cost remains same at all levels of output is called fixed cost.
Explanation:
Fixed costs mean costs that do not vary or remain constant within a given period of time and range of activity in spite of fluctuations in output.
APPEARS IN
RELATED QUESTIONS
Write a short note on direct costs.
Overheads are often related to accounting concepts such as fixed cost and ______ cost.
Which cost decreases with increase in the volume of output?
Which of the following cost is time based?
Distinguish between shut down cost and sunk cost.
Distinguish between Direct Labour cost and Indirect Labour cost.
Fixed cost is a cost which ______.
"Some costs are semi-variable in nature." Comment.
Give an example of Semi-Fixed cost.
Write short notes on Variable Costs.
