Fixed
Administration costs are typically considered fixed costs rather than variable costs. Fixed costs remain constant regardless of the level of production or sales, while variable costs fluctuate with activity levels. However, certain administrative expenses may have variable components, such as overtime pay or temporary staffing, but overall, administration is generally classified as a fixed cost.
Fixed cost and variable cost is equal to total cost as per following formula: Total Cost = Fixed Cost + Variable Cost
its a fixed cost
The relataionship of cost between the level of production is determine the fixed or variable cost if cost change with production level then it is variable cost otherwise fixed cost.
fixed and variable
variable
Type your answer here... fixed cost + variable cost = total cost
Variable cost = Total Cost/ fixed cost
it is obviously variable
No, Janitorial Cost is not a variable cost, it is a Fixed Cost.
If it varies with the level of production then it is variable cost otherwise it is fixed cost.
Variable