Fixed Cost

KS123ZK6F9YRJJBS1FJG

In accounting and economics, fixed costs, also known as indirect costs or overhead costs, are business expenses that are not dependent on the level of goods or services produced by the business. They tend to be recurring, such as interest or rents being paid per month. This is in contrast to variable costs, which are volume-related and unknown at the beginning of the accounting year.

Have feedback on this skill? Let us know.