Advertisements
Advertisements
Question
Fixed cost is a cost which remains same at ______.
Options
All levels of output
Even zero level of output
Both All levels of output and Even zero level of output
Neither All levels of output nor Even zero level of output.
Solution
Fixed cost is a cost which remains same at Both all levels of output and Even zero level of output.
Explanation:.
Fixed costs remain constant within a given range of activity and a given time period inspite of changes in output volume.
RELATED QUESTIONS
Distinguish between Fixed cost and Variable cost.
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.
Wages paid to a labour who was engaged in the production activities can be termed as ______.
Direct cost increases when ______.
Distinguish between controllable and uncontrollable costs.
Distinguish between shut down cost and sunk cost.
Distinguish between Direct Labour cost and Indirect Labour cost.
The term "variable costs" refers to ______.
Fixed cost is a cost which ______.
A cost that is easily traceable to a cost object is known as ______.
What is meant by variable cost?
What do you mean by Semi-Fixed cost?
Give an example of Semi-Fixed cost.
Classify cost according to its nature.
Explain with an example, the meaning of fixed costs.
Explain with an example, the meaning of variable costs.
