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Accounting glossary - dictionary_5

Tham khảo tài liệu 'accounting glossary - dictionary_5', tài chính - ngân hàng, kế toán - kiểm toán phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | http www.ventureline.com glossary.asp FIXED ASSET TURNOVER measures management s ability to generate revenues from investments in fixed assets. FAT considers only the firm s investment in property plant and equipment and is extremely important in high asset firms such as manufactures and telecommunications companies. Generally the higher this ratio the smaller the investment required to generate sales thus the more profitable the firm. indicates the firm has less money tied up in fixed assets for each dollar of sales revenue. A declining ratio may indicate that the firm has over-invested in plant equipment or other fixed assets. FIXED BUDGET is a budget that is not adjusted for changes in the volume of service. See FLEXIBLE BUDGET. FIXED CHARGE is those expenses incurred each time a batch of product is produced. Primarily consists of ordering cost for the raw material engineering costs for machine setup and preparation for the production run and work order processing cost also known as SETUP COST. FIXED CHARGE RATIO is calculated total fixed costs total expenses. FIXED COST is a cost that does not vary depending on production or sales levels such as rent property tax insurance or interest expense. FIXED COSTS are operating expenses that are incurred to provide facilities and organization that are kept in readiness to do business without regard to actual volumes of production and sales. Fixed costs remain relatively constant until changed by managerial decision. Within general limits they do not vary with business volume. Examples of fixed costs consist of rent property taxes and interest expense. FIXED FEE is a set price for the completion of a project. It is easier for the customer to budget but provides higher risk for the contractor due to cost overruns. FIXED OVERHEAD is those costs like rent utilities basic telephone loan payments etc. that stay the same whether sales go up or down. Variable overhead on the other hand are those costs which vary directly with .