Fixed Cost remains unchanged in amount when the volume of activity varies from period to period within a relevant range.
The statement is true.
Give a brief detail about Fixed cost.
The cost of a company expense is said to as a fixed cost if it remains constant regardless of whether more or fewer goods and services are produced or sold. Fixed costs are frequently associated with ongoing costs like rent, interest payments, and insurance that aren't directly tied to productivity.
In general, fixed expenses are indirect because they have nothing to do with the creation of any goods or services by a corporation. Shutdown points are frequently used to cut fixed costs. These expenses are one of two different business expenses, the other being variable expenses, which together make up their overall expenses.
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