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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

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Examples of non relevant cost?

Examples are Sunk Costs, Fixed costs and Allocated Costs.


What are some examples of committed fixed costs?

leasing costs, committed costs are fixed costs that are caused by the possession of facilities, materials, etc.


Examples of fixed costs and variable costs in hospital?

Fixed Costs: Salaries Variable Costs: Medicines, ambulance fuel, paper, "CEO & friends"benefits package.


What examples of typical fixed costs?

rent & staff wages


What are examples of typical fixed costs?

rent & staff wages


What are examples of organizations with high variable costs and low fixed costs?

Arilines, utility Companies


What are examples of organizations with high fixed costs and low variable costs?

Arilines, utility Companies


What are examples of organizations with low fixed costs and high variable costs?

Arilines, utility Companies


What are some examples of fixed costs?

* Rent * Payroll for Salaried Employees


What is on overhead?

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.


Identify four different examples of fixed costs for a garden centre?

raw amterials


Examples of semi variable direct 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.

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