Question

describe cost and its types​

Answer 1

Explanation:

The two basic types of costs incurred by businesses are fixed and variable. Fixed costs do not vary with output, while variable costs do. Fixed costs are sometimes called overhead costs. ... In a production facility, labor and material costs are usually variable costs that increase as the volume of production increases

Answer 2

Answer:

The two basic types of costs incurred by businesses are fixed and variable. Fixed costs do not vary with output, while variable costs do. Fixed costs are sometimes called overhead costs. ... In a production facility, labor and material costs are usually variable costs that increase as the volume of production increases.

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