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What are some of your personal fixed costs and variable costs?
Wiki User
∙ 14y ago
Fixed costs are those expenses that do not change in proportion to the activity within the relevant period. And variable costs are costs that can be varied flexibly as the conditions change. So your personal fixed cost could be the fix line rent that you pay for the cell phone or the admission fee of your school. The variable costs could be your monthly shopping, tuition fees that depends on the courses etc.
Wiki User
∙ 14y ago
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Are all direct cost are variable?
Yes generally direct costs are variable costs but there may be some direct costs which can be fixed costs as well.
Why it is sometimes difficult to separate costs into variable costs and fixed costs?
Some costs are semi-variable, e.g. electricity, maintenance, and rise with output but not inproportion. Labour may be fixed in the short run.
Why it is sometimes difficult to separate costs into variable and fixed costs?
Some costs are semi-variable, e.g. electricity, maintenance, and rise with output but not inproportion. Labour may be fixed in the short run.
What cost contains a combination of fixed and variable costs?
Many costs includes fixed as well as variable portion for example electricity cost in which there may be some portion of expense which remains fixed while some change due to higer or lower production.
Is indirect material fixed costs or variable costs?
Indirect material is normal fixed cost that is why it is allocated using some kind of ratio or formula.
What are examples of fixed and variable cost in an airline company?
Some of the Variable costs are Fuel Cost, energy, and operating cost
What are examples of fixed and variable cost in shopping center?
Some fixed costs of running a shopping center would be rent, employee salary (if not commission based), utilities (if you maintain consistent hours of operation). Some variable costs would be Cost of goods sold, commissions, and perhaps shipping costs.
At zero production what are variable costs?
At zero production variable cost will be zero because variable cost is the cost occured for producing a product but their will be some fixed cost.
For a firm to operate in the shortrun the total revenue must at least be equal to Why?
A firm would still operate if revenues are below total coots, but not if revenues are below variable costs. The reason is that as long as revenues are above variable costs, the firm will earn a difference to contribute to the fixed costs (fixed costs are costs that a company has to pay in the short-run whether it operates or not). If the firm stops operating in the short-run, it will have to pay for the full fixed costs (e.g., rent, some fixed labour) If revenues are below variable costs, for every unit of production, the company loses the difference and does not contribute to the fixed costs. It is more economical to shutdown in the short-run.
Why do you calculate fixed and variable cost portion for mixed cost?
Fixed Costs: These are those costs which remain fixed up to certain range of work capacity no matter how much product you produce within that capacity range. Like factory building rent. You pay the rent no matter that did you use that building for making the products or not. Variable Costs: These are those costs which change with the change in the number of product units you produce. Like Material , Labor etc Mixed Cost/Semi Variable Costs: These are those cost the part of which is remain fixed and some part of the cost is variable.
A union contract suggest that labor costs may be A variable B fixed C a noncash expense D undetermined?
B. Fixed Cost Union contracts may convert some variable costs into fixed costs. For example, a union contract may require severance pay. The firm may then be reluctant to layoff workers, and thus the labor cost become fixed and independent of the level of output.
What are the restrictions for a private limited company?
fixed and variable costs.. = all overheads fixed: salaries in some cases some supplier buills variable: petrol - travel storage rent
