What is the nature of fixed cost?
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Fixed costs are time-related i.e. they remain constant for a period of time. Variable costs are volume-related and change with the changes in output level. Depreciation, interest paid on capital, rent, salary, property taxes, insurance premium, etc.
Answered by
1
Answer:
Fixed costs are time-related i.e. they remain constant for a period of time. Variable costs are volume-related and change with the changes in output level.
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