Costos fijos Flashcards
(26 cards)
What are fixed costs?
Fixed costs are expenses that do not change with the level of production or sales.
True or False: Fixed costs vary with production levels.
False
Give an example of a fixed cost.
Rent for a factory or office space.
What is the formula to calculate total fixed costs?
Total Fixed Costs = Sum of all fixed expenses.
Fill in the blank: Fixed costs remain constant regardless of the _____ produced.
quantity
What is the main characteristic of fixed costs?
They do not fluctuate with production volume.
Which of the following is NOT a fixed cost? A) Salaries B) Utilities C) Lease payments
B) Utilities
What happens to fixed costs when production increases?
They remain the same.
True or False: Fixed costs can be reduced over time.
True
What is the impact of fixed costs on pricing strategy?
They influence the minimum price needed to cover costs.
How do fixed costs affect break-even analysis?
They are used to determine the break-even point.
What term describes costs that vary with production volume?
Variable costs
Fill in the blank: Fixed costs are often contrasted with _____ costs.
variable
Provide a real-life application of understanding fixed costs.
Budgeting for a business startup.
What is an example of a long-term fixed cost?
A mortgage payment on commercial property.
True or False: Fixed costs can include depreciation.
True
What is the relationship between fixed costs and economies of scale?
As production increases, fixed costs per unit decrease.
What is a common mistake businesses make regarding fixed costs?
Underestimating their impact on overall profitability.
How can fixed costs affect decision-making in a business?
They can determine pricing, production levels, and investment strategies.
Fill in the blank: Fixed costs must be covered even if a company has _____ sales.
no
What is a fixed cost’s role in financial forecasting?
It helps predict future cash flows and profitability.
True or False: Fixed costs can be classified as direct or indirect.
True
What is an example of an indirect fixed cost?
Administrative salaries.
What happens to fixed costs if a business decides to downsize?
They might decrease if fixed expenses are reduced.
