distingiush between fixed cost and variable cost with suitable example.
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Fixed Cost is definite; it will incur even when there is no units are produced. ... On the other hand, variable cost remains constant in per unit. Examples of fixed cost are rent, tax, salary, depreciation, fees, duties, insurance, etc. Examples of variable cost are packing expenses, freight, material consumed, wages, etc
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Fixed Cost is definite; it will incur even when there is no units are produced. ... On the other hand, variable cost remains constant in per unit. Examples of fixed cost are rent, tax, salary, depreciation, fees, duties, insurance, etc. Examples of variable cost are packing expenses, freight, material consumed, wages
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