$1,105,000 have been reported as fixed costs in the company's contribution margin income statement for the year.
Amount or equivalent paid or charged for something: Price The average cost of a college education has increased dramatically. b: Effort or expense (in the form of effort or sacrifice) made to achieve a goal. Although he gained fame, he lost a few friends.
“Cost” in the singular refers to the total for the entire group. "Cost" refers to all pieces in that group. For example, "The cost of a service includes the cost of materials and labor." From legal contracts to budget discussions, the difference between "cost" and "cost" often confuses people.
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