capacity cost : it is the cost which is incurred to increase its ability which can reduce or avoid by shutting down business
variable cost: which varies with the output
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 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.
a semi fixed cost moves upward in a step where semi variable cost begining at a given base level
contribution margin
The sales price includes variable cost, the cost of the unit and the markup. Sales price is the rate customers pay for the item.
You don't fire variable costs
lina
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 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.
Profit contribution
Average total cost is the average of all your costs. This is your Fixed Costs and your Variable costs. Average Variable Cost is the average of your costs that can fluctuate.
Average total cost is the average of all your costs. This is your Fixed Costs and your Variable costs. Average Variable Cost is the average of your costs that can fluctuate.
Variable cost is that cost which changes with level of production while incremental cost is that extra cost which increased due to change in alternative products or from selecting one product to another product.
a semi fixed cost moves upward in a step where semi variable cost begining at a given base level
contribution margin
The sales price includes variable cost, the cost of the unit and the markup. Sales price is the rate customers pay for the item.
Fixed cost is a cost that does not typically vary on unit production. On the other hand overhead cost is the summation of all variable cost.