Question

а and
10: Explain the culation between
Fixed cost, variable cost and Total
cost
the help of figure
with the
zable.​

Answer 1

Answer:

Fixed cost includes expenses that remain constant for a period of time irrespective of the level of outputs, like rent, salaries, and loan payments, while variable costs are expenses that change directly and proportionally to the changes in business activity level or volume, like direct labor, taxes, and operational expenses.