Fixed costs (such as property taxes, insurance, depreciation, etc.) are costs that remain the same regardless of the output.
The term fixed cost refers to that cost which does not change with any increase or decrease in the number of goods or services produced or sold in the organization.
Fixed costs are those expenses which are paid by any company, whether it is independent or not of any specific business activities. This means that fixed costs are generally indirect in nature , it means that they don't apply to the production of company's goods or services.
Companies can usually have two types of costs—fixed or variable costs—which together result in their total costs.
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