varialble cost is also known as
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Variable costs are also referred to as prime costs or direct costs as it directly affects the output levels. Nature. Fixed costs are time-related i.e. they remain constant for a period of time. Variable costs are volume-related and change with the changes in output level.
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Answer:
Variable costs are also referred to as prime costs or direct costs as it directly affects the output levels. Nature. Fixed costs are time-related i.e. they remain constant for a period of time. Variable costs are volume-related and change with the changes in output level
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