There is a huge relationship between fixed cost and variable cost. These two costs are the opposite of each other.
we can subtract the AVC and we will get the MC
What is the relation ship between total fixed cost and output?
estimated cost
fixed and variable
If salary is on per lecture basis then it is variable cost otherwise it is fixed cost.
we can subtract the AVC and we will get the MC
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.
Variable overhead cost variance is that variance which is in variable overheads costs between the standard cost and the actual variable cost WHILE fixed overheads cost variance is variance between standard fixed overhead cost and actual fixed overhead cost.
Fixed cost and variable cost is equal to total cost as per following formula: Total Cost = Fixed Cost + Variable Cost
total variable cost
its a fixed cost
Administrative salaries has no relationship with production of product so it almost always remain same so it is a fixed cost not variable cost
What is the relation ship between total fixed cost and output?
estimated cost
fixed and variable
variable
Type your answer here... fixed cost + variable cost = total cost