Question

Distinguish between fixed cost and variable cost?

Answer 1

I found this answer for you

Answer 2

Company's Total cost divided into two types.

1) Fixed Cost 2) Variable Cost


Fixed Cost -

Fixed costs are the costs which are not vary with the output of company. Fixed costs doesn't change with the amount of goods or services are produced. Fixed costs remain same. Fixed costs include buildings, machinery etc.


Variable Cost -

Variable Costs are the costs which are vary with the output. Variable costs change with the amount of goods or services are produced. These costs are not remain same and These costs are increase or decrease with the volume of production. Variable costs include wages, utilities etc.