Question

what is fixed variable cost

Answer 1

Answer:

A variable cost is a corporate expense that changes in proportion to production output. Variable costs increase or decrease depending on a company's production volume; they rise as production increases and fall as production decreases. Examples of variable costs include the costs of raw materials and packaging.

Variable cost can be contrasted with fixed cost.

Examples of fixed costs are rent, employee salaries, insurance, and office supplies. A company must still pay its rent for the space it occupies to run its business operations irrespective of the volume of product manufactured and sold. Although fixed costs can change over a period of time, the change will not be related to production.

Answer 2

Answer:

In accounting, fixed costs are expenses that remain constant for a period of time irrespective of the level of outputs. Variable Costs. Variable costs are expenses that change directly and proportionally to the changes in business activity level or volume.

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