it is obviously variable
Technically speaking, it is a Fixed cost. Although the price may vary from month to month, it will always be within a fixed range.
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 cost = Total Cost/ fixed cost
No, Janitorial Cost is not a variable cost, it is a Fixed Cost.
Variable
utilities is a fixed cost.^not entirely true. utility costs are fixed when it's relatively the same every month, like a retail store open the same number of hours. however, it is a variable cost if it changes a lot, like a manufacturing company using more or less electricity when there are higher or lower demands for products.
Technically speaking, it is a Fixed cost. Although the price may vary from month to month, it will always be within a fixed range.
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
No, Janitorial Cost is not a variable cost, it is a Fixed Cost.
Variable
If it varies with the level of production then it is variable cost otherwise it is fixed cost.