Question

distinguish between variable cost and fixed cost relevant only in​

Answer 1

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difference between variable cost and fixed cost:--

Variable costs vary based on the amount of output produced. Variable costs may include labor, commissions, and raw materials.

Fixed costs remain the same regardless of production output. Fixed costs may include lease and rental payments, insurance, and interest payments.

Answer 2

difference between variable cost and fixed cost:--

Variable costs vary based on the amount of output produced. Variable costs may include labor, commissions, and raw materials.

Fixed costs remain the same regardless of production output. Fixed costs may include lease and rental payments, insurance, and interest payments.