What is another term for fixed cost?

What is another term for fixed cost?

In accounting and economics, fixed costs, also known as indirect costs or overhead costs, are business expenses that are not dependent on the level of goods or services produced by the business.

What is the meaning of fixed cost?

A fixed cost is a cost that does not change with an increase or decrease in the amount of goods or services produced or sold. Fixed costs are expenses that have to be paid by a company, independent of any specific business activities.

What are fixed expenses?

Fixed expenses or costs are those that do not fluctuate with changes in production level or sales volume. They include such expenses as rent, insurance, dues and subscriptions, equipment leases, payments on loans, depreciation, management salaries, and advertising.

What are the synonyms for fix?

doctor,

What is fixed cost with diagram?

Fixed costs are costs which do not change with change in output as long as the production is within the relevant range. Average fixed cost equals total fixed costs divided by output. Within the relevant range, the average cost falls and the average fixed cost curve declines with increase in output.

What are examples of fixed cost?

Common examples of fixed costs include rental lease or mortgage payments, salaries, insurance, property taxes, interest expenses, depreciation, and potentially some utilities.

Is a cell phone bill a fixed expense?

Fixed expenses are consistent and expected bills you pay each month, such as a mortgage or rent, a cellphone bill and a student loan payment. Car insurance, home insurance and life insurance are also fixed payments, along with your monthly electric and water bills.

What is the synonym of amended?

Some common synonyms of amend are correct, emend, rectify, redress, reform, remedy, and revise.

What is the word for fixing a problem?

Frequently Asked Questions About repair Some common synonyms of repair are mend, patch, and rebuild. While all these words mean “to put into good order something that is injured, damaged, or defective,” repair applies to the fixing of more extensive damage or dilapidation.