Question

give an example of fixed cost and variable cost ​

Answer 1

Variable costs vary based on the amount of output, while fixed costs are the same regardless of production output. Examples of variable costs include labor and the cost of raw materials, while fixed costs may include lease and rental payments, insurance, and interest payments.

Answer 2

VARIABLE COST

Include labor and cost of raw materials.

FIXED COST

Include least and insurance and interest payments..