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Purchasing of motor vehicle is example of fixed cost while using fuel for running those motor vehicles is a variable cost.
examples of fixed cost factory are salary, rent, electricity bills while variable cost are purchase of raw materials,
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FixedRentWages and SalariesHeatingLightingMarketing/AdvertisementVariableEquipmentFurniture
In semi variable cost :variable cost = change in cost/change in output then with that rate * output = variable cost semi variable cost - variable cost = fixed cost
Purchasing of motor vehicle is example of fixed cost while using fuel for running those motor vehicles is a variable cost.
examples of fixed cost factory are salary, rent, electricity bills while variable cost are purchase of raw materials,
Some of the Variable costs are Fuel Cost, energy, and operating cost
examples of variable cost in a soda bottling plant.
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FixedRentWages and SalariesHeatingLightingMarketing/AdvertisementVariableEquipmentFurniture
One example of a variable cost in a business is labor costs because the amount of people a business employs fluctuates greatly, especially during the holiday season. Another example of a variable cost is the cost of materials.
In semi variable cost :variable cost = change in cost/change in output then with that rate * output = variable cost semi variable cost - variable cost = fixed cost
taxes, insurance, depreciation supplies, utilites and repairs
Direct labor and direct material is example of variable cost which increase with each increase of unit. Factory rent is example of fixed cost which remains fixed even in change in number of units produced.
examples of air transportation
Variable cost refers to the TOTAL variable cost of all units, whereas marginal cost is the variable cost of the last unit only. Variable cost is the sum of all the individual marginal costs. The derivative of the Variable Cost is the Marginal Cost. The integral of the Marginal cost is the Variable Cost.