A fixed cost is one that does not change in total within a reasonable range of activity. For example, the rent for a production facility is a fixed cost if the rent will not change when there are reasonable changes in the amount of output or input. If there is a need to double the output the rent will change when the company occupies additional work space.
Define contribution margin?
What happend when a fixed cost remains constant in total?
Define net incremental cash flows in cost accounting?
Define variable cost?
Define incremental cost?
Define production volume variance?
How to get the basic understanding of cost accounting?
What made you choose to become an accountant?
What are important things to be remembered while preparing a bank reconciliation statement?
What is capitalization? What is its importance?
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