Question

17. Give the meaning of fixed cost and explain with the help of diagram.​

Answer 1

Answer:

CORPORATE FINANCE & ACCOUNTING FINANCIAL STATEMENTS

Fixed Cost

By WILL KENTON

Reviewed By DAVID KINDNESS

Updated May 29, 2020

What Is a 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. In general, companies can have two types of costs, fixed costs or variable costs, which together result in their total costs. Shutdown points tend to be applied to reduce fixed costs.

Answer 2

Answer:

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 ... In general, companies can have two types of costs, fixed costs or variable costs, which together result in their total costs. Shutdown points tend to be applied to reduce fixed costs.