FIXED CHARGES
Costs that do not vary with changes in output and
would continue even if a firm produced no output
at all, such as most management expenses, inter-
ests on bonded debt, depreciation, property taxes,
Costs that do not vary with changes in output and
would continue even if a firm produced no output
at all, such as most management expenses, inter-
ests on bonded debt, depreciation, property taxes,
