What is fixed cost variable cost and mixed cost in truck?
Fixed cost is that cost which remains fixed and don't change with change in production level.
Variable cost is that cost which varies with change in production level.
Mixed cost is that cost which have both the elements, some portion of fixed cost while some portion is variable cost.
High and low method is the method for separating fixed cost and variable cost from mixed cost.
A mixed cost will contain both a fixed and a variable component. It is used to predict how costs will fluctuate with a variable component.
Fixed cost is that cost which remain fixed at all production levels while variable cost varies with change in production level while mix cost is that cost in which both elements fixed as well as variable cost is included.
The three types of cost you are referring to are Fixed, Semi Variable and Variable Costs. On a well though out COA the janitorial costs would fall under administrative costs. Thus fixed.
Yes. Shipping cost is a combination of fixed and variable expense. Fixed expense of shipping would be payment and insurance. Variable expense of shipping would be fuel cost.
FIXED COST: Fixed is that kind of cost which don't change and remain fixed at a time this will be fixed cost. VARIABLE COST: Variable cost is that kind of cost which don't remain fixed but change this is called variable cost
selling expenses is a mixed costs. it is a mixture of both fixed and variable components. for example, in selling expenses in a retail shop; fixed costs are the employees salary. while variable cost will be their commission or bonus of the sale.
Fixed cost and variable cost is equal to total cost as per following formula: Total Cost = Fixed Cost + Variable Cost
Fixed Cost - costs that do not vary with the quantity of output produced. The best example I can think of is when making Chocolate Chip Cookies. You need ingredients and supplies to make them: Chocolate Chips (Variable Cost) Flour (Variable Cost) Butter (Variable Cost) Sugar (Variable Cost) Eggs (Variable Cost) Vanilla (Variable Cost) Baking Soda (Variable Cost) Salt (Variable Cost) Bowls (Fixed Cost) Spatulas (Fixed Cost) Oven (Fixed Cost) The gas or electricity would… Read More
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… Read More
Following are the methods for segregation of fixed and variable portion. 1 - High-Low Method 2 - Scatter diagram method 3 - Regression analysis method
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.
With respect to the number of passengers on an aircraft, fuel cost should be mixed, i.e. a combination of fixed costs and variable costs. However, since the number of passengers on an aircraft have little effect on its overall weight, the variable portion would be small, and the cost will be mostly fixed. With respect to the number of miles flown, aircraft fuel cost would be variable.
Type your answer here... fixed cost + variable cost = total cost
it is variable cost
Variable cost = Total Cost/ fixed cost
its a fixed cost
it is obviously variable
No, Janitorial Cost is not a variable cost, it is a Fixed Cost.
Variable costs are different in this sense that fixed cost remains fixed and it has no impact of change in production level while variable cost changes with the change in production level.
If salary is on per lecture basis then it is variable cost otherwise it is fixed cost.
Total Costs = Fixed Cost + Variable Cost soVariable Cost = Total Costs - Fixed Cost.
Formula for Total Cost: Fixed Cost + Variable Cost + Semi-Variable Cost if there is no semi-variable cost then fixed cost + variable cost is a total cost. if we devide the total cost with volume as well then it will be cost per unit not total cost
It is a variable cost!!
Variable cost is cost which varies with the change in volume of production while fixed cost remains fixed and has no impact of volume of production changed.
Labor cost can be fixed as well as variable. That labor which varies with changes in level of production then it is variable cost but if labor remain fixed then it is fixed cost.
Why variable cost is that it ignore the increasing importance of fixed cost in modern manufacturing?
variable cost ignore the increasing importance of fixed cost in order to determine thecost of production.on computing the cost of production we basing on variable cost because variable cost change as productivity change that we eliminate the fixed cost to determine cost of production.
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
can be fixed or variable
fixed cost will not change with the change in output variable cost will change with chang in output
Depreciation is always part of fixed cost and that's why building deprecation is also part of fixed cost and not a variable cost.
There is a huge relationship between fixed cost and variable cost. These two costs are the opposite of each other.
Fixed cost is a cost which can't be changed like production cost. Variable cost is a cost Which can be vary depend upon the transport
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 is cost which remains fixed and don't have impact on change in level of production whle variable cost varies with level of production.
Fixed cost / (selling price - Variable cost per unit) --> Fixed cost ----------------------------------------------- (Selling Price - Variable Cost Per Unit)
A cost which varies with the level of production activity is not a fixed cost and called variable cost.
Yes direct cost may be a fixed or variable cost or both.
It is fixed in the short run, and variable in the long run
its a moving cost
It's a variable cost, as it changes with the change in activity level
If it varies with the level of production then it is variable cost otherwise it is fixed cost.
no....its a fixed cost
depreciation is classed as a fixed cost when using only the straight line method. reducing balancing method is classed as a variable cost.
A cost that is not fixed.
If direct labor don't change with number of units product then it is fixed cost but if it changes with the change in production units then it Is variable cost.
It can be either a fixed or a variable cost As a fixed cost A fixed cost is one that will not vary due to a change in production volumes or just volumes of a product in general. When electricity is charged at fixed cost for the plant or premises then it can be termed fixed cost. This is because no matter how many products you will sell or produce, the cost of electricity will… Read More
COGS is a mixed bag of fixed and variable costs. Overall, however, it generally behaves like a variable cost; in general, the more units that are produced, the higher inventory production costs will be, and the higher inventory production costs are, the higher COGS will be.
The cost of all food is variable, depending on supply and demand.