Question

what are the different type of cost ? explain with examples.​

Answer 1

Answer:

The two basic types of costs incurred by businesses are fixed and variable. Fixed costs do not vary with output, while variable costs do. ... It takes more labor and material to produce more output, so the cost of labor and material varies in direct proportion to the volume of output.

Answer 2

Answer:

Operating costs can be variable or fixed. Examples of operating costs, which are more commonly called operating expenses, include rent and utilities for a manufacturing plant. Operating costs are day-to-day expenses, but are classified separately from indirect costs – i.e., costs tied to actual production.

Explanation:

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