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Fixed Cost |
Also found in: Dictionary/thesaurus, Medical, Encyclopedia, Wikipedia, Hutchinson | 0.01 sec. |
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Fixed cost A cost that is fixed in total for a given period of time and for given production levels.
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| A quick guide for analysis of loss-cost metrics recognizes that, on average, fixed costs represent just 20% to 25% of total program costs. Fixed costs are those that were present even before we opened the door to the first patient or even if no patients were ever seen. The closure of the plant, which employs 340 workers, is expected to reduce fixed costs in 2006 by $25 million. |
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