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What do you mean by fixed costs?
Fixed Cost:
Cost may be described as the amount of expenditure incurred upon, or attributable to a specified thing. Fixed costs are such costs that tend to remain constant irrespective of the volume of output or sales. Illustrations of fixed costs as given below: staff salaries, administration expenses, rent and establishment charges as well as depreciation.
What are the approaches to allocate factory overheads? Product costing allocation methods - Plant wide allocation, Department allocation, Activity based allocation
What is critical path in job operation of a project? Critical Path: This is that sequence of activities that decide the total project duration. This Path is formed throu
Describe the contents of a project initiation document. Contents of a PID (project initiation document): • Terms of reference for example the concept of the report • Scop
Ask question #MinimumIn its first year, “ABC Co” had the following experience Sales = 50,000 units Selling price = br. 50 TVC = br. 1,000,000 TFC = br. 250,000 Required: A. Devel
Q. Use of both innovative approach in development process? There are many major aspects that will sway the future trends in the development of new products. In the new millenn
Attempts by a country to help local producers by restricting international trade is known as protectionism.
Directing (leading) This is the function concerned with influencing organizational members to carry out their assigned roles and activities. This function includes motivation,
How are carrying costs varied with quantity order? Carrying Costs, that vary along with quantity ordered, contained as a. There Interest on capital investment b. There Co
Discuss the "Cost of Quality" and is ramifications / implications in the organization - COQ (Cost of Quality) means the financial number brought into play by project managemen
What is the primary objective of controlling? The main objective of controlling is to bring the actual operational performance of enterprise onto the accurate track according t
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