Variable and Fixed are accounting terms. It is a useful way to think of costs or overhead. Lets pretend you were a cab driver. Your fixed costs would be purchasing the cab and insurance and registration. Variable Costs change depending on how often you drive the cab. Gasoline would be variable as would tires. The more your drive the quicker tires wear out. Can you guess what windshield washer fluid would be considered?
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.
Variable
If it varies with the level of production then it is variable cost otherwise it is fixed cost.
Fixed