Fixed Costs are expenses that don't change based on production or sales volumes. They include salaries, rent, insurance, accountancy costs.
Variable Costs are expenses that vary based on production volumes. They include material, labor, utilities, and delivery costs
Arilines, utility Companies
Overhead refers to the cost of a business in a particular period. Specifically, overhead points to fixed and indirect costs. They are non-labor costs. Non-labor costs are variable or fixed. Rent and salaries are examples of fixed costs. Advertising and supplies are variable costs.
An example of semi variable direct costs is wages. Since semi variable costs are partially fixed and variable, regular labor is fixed costs, as production rises and workers have overtime the overtime is considered the variable cost.
what does fixed costs mean
Fixed costs are considered capacity costs because if a company expands, fixed costs will change. Additionally, if a company adds more resources, fixed costs will change.
Examples are Sunk Costs, Fixed costs and Allocated Costs.
leasing costs, committed costs are fixed costs that are caused by the possession of facilities, materials, etc.
Fixed Costs: Salaries Variable Costs: Medicines, ambulance fuel, paper, "CEO & friends"benefits package.
rent & staff wages
rent & staff wages
Arilines, utility Companies
Arilines, utility Companies
Arilines, utility Companies
* Rent * Payroll for Salaried Employees
Overhead refers to the cost of a business in a particular period. Specifically, overhead points to fixed and indirect costs. They are non-labor costs. Non-labor costs are variable or fixed. Rent and salaries are examples of fixed costs. Advertising and supplies are variable costs.
raw amterials
An example of semi variable direct costs is wages. Since semi variable costs are partially fixed and variable, regular labor is fixed costs, as production rises and workers have overtime the overtime is considered the variable cost.