Fixed costs are costs that DO NOT change in response to changes to activity levels.
Variable costs are costs that change in proportion to changes in volume or activity.
It's simple, you just have to remember:
Fixed cost:
Total - DO NOT change
Per unit -CHANGES (usually, decrease)
Variable cost:
Per unit - SAME
Total -CHANGES
Total costs.
itmeans that you have to die
Type your answer here... fixed cost + variable cost = total cost
They are costs that involve an element of both fixed and variable costs eg a telephone bill involves line rental (fixed) plus cost for calls made (variable)
They are costs that involve an element of both fixed and variable costs eg a telephone bill involves line rental (fixed) plus cost for calls made (variable)
Fixed costs plus variable costs.
Fixed costs plus variable costs.
Generally variable costs are relevant costs but if due to any decision fixed costs are also going to affected then fixed costs are also relevant costs.
There are variable and fixed costs. Businesses can manipulate the variable costs, but they cannot change their fixed costs in business.
No fixed costs do not change where variable do depending on market and amount ordered among other varies.
The three types of cost you are referring to are Fixed, Semi Variable and Variable Costs. On a well though out COA the janitorial costs would fall under administrative costs. Thus fixed.
Fixed Costs: Salaries Variable Costs: Medicines, ambulance fuel, paper, "CEO & friends"benefits package.
Variable operating costs + fixed operating costs = total operating costs.
Total cost is determined by adding fixed costs and variable costs together. fixed cost + variable cost = total cost