Question

What is fixed cost variable cost and semi variable cost?

Answer 1

fixed costs refer to the costs that do not vary with the level of output such as rent for example. Variable costs however are costs that do vary with the level of output of a firm, eg: direct materials. And semi-variable costs are costs that contain both  fixed and variable cost elements.

Answer 2

Explanation:

ғɪxᴇᴅ ᴄᴏsᴛ ʀᴇғᴇʀ ᴛᴏ ᴛʜᴇ ᴄᴏsᴛs ᴛʜᴀᴛ ᴅᴏ ɴᴏᴛ ᴠᴀʀʏ ᴡɪᴛʜ ᴛʜᴇ ʟᴇᴠᴇʟ ᴏғ ᴏᴜᴛᴘᴜᴛ sᴜᴄʜ ᴀs ʀᴇɴᴛ .

ʜᴏᴘᴇ ɪᴛ ᴡɪʟʟ ʜᴇʟᴘ ᴛᴏ ᴜ..