variable cost
fix cost
inventory (i.e. stock) is an asset, not a cost. It is considered a current asset, however may be illiquid depending on the product
If selling costs varies with production level then selling costs are variable costs but if they remain fix then these are fixed costs.
cost accounting plays very important role in manufacturing organisation.unless cost accounting system one can't get the cost of the product appropriately.Many organisations fix their selling price based on the cost information.Not only in ascertaining cost of the product it can be used as measurement for their performance
The real answer is it depends, ultimately all costs are variable even those costs that would initially appear fixed. Take for example business rates, these are set for the year and will remain the same regardless of the change in volume of the output, however should the output need to rise above the capacity of the existing business premises additional premises or even new premises would need to be acquired and with it a new level of fixed cost. This is sometimes described as step fixed cost, i.e. the cost remains at the same level until a step change is required and then the costs are again fixed at this new level until another step change is required
Although it depends on who you take it to in order to fix your hand brake, generally it will take around two and a half hours of labor at $80 a hour plus whatever the price for the parts will cost.
can be fixed or variable
what is coca cola fixed and variable cost.
Fixed
not sure
Break Even Quantity The formula is the fix cost/price-variable
inventory (i.e. stock) is an asset, not a cost. It is considered a current asset, however may be illiquid depending on the product
In case you wish to fix your rates of interest, the lender can convert your variable loan to some fixed loan. A renegotiation fee may apply and also the appropriate documentation should be executed prior to the fixed rate of interest is applicable.
A: A variable power supply has no disadvantage since it can replace a fix power supply. The disadvantage will rest with the additional cost to make one.
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.
fix point means a point that is not going to move variable point means a point that will move under certain conditions
Learn to study your Business Studies curriculum properly. The fixed cost is the same regardless of the number of units produced. The variable costs are the costs of producing x number of units. The break-even point is where value of sales = fixed costs + variable costs.
The law of variable proportion states that as one input is increased while keeping other inputs constant, the output will eventually decrease. This can lead to changes in the cost curve by affecting the cost of production as more or less of a variable input is used, impacting both marginal and average cost.