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What are examples of fixed and variable cost in transportation company?
Purchasing of motor vehicle is example of fixed cost while using fuel for running those motor vehicles is a variable cost.
What are examples of fixed and variable cost factory?
examples of fixed cost factory are salary, rent, electricity bills while variable cost are purchase of raw materials,
What are examples of fixed and variable cost in a hairdressers?
FixedRentWages and SalariesHeatingLightingMarketing/AdvertisementVariableEquipmentFurniture
Examples of fixed costs and variable costs in hospital?
Fixed Costs: Salaries Variable Costs: Medicines, ambulance fuel, paper, "CEO & friends"benefits package.
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.
What are examples of organizations with low fixed costs and high variable costs?
Arilines, utility Companies
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
How do fixed costs and variable costs apply to the airline industry?
Fixed costs: Rent of buildings, lease payments, maintenance of property, insurance, utilities. Variable costs: Fuel, salary of crew, passenger refreshments, costs related to ground handling, etc.
Examples of variable cost and fixed cost?
Direct labor and direct material is example of variable cost which increase with each increase of unit. Factory rent is example of fixed cost which remains fixed even in change in number of units produced.
Distinguish between fixed cost and variable cost?
A fixed cost is a cost (in the short-run) that does not change based on the production output in a business; i.e. no matter how many products a company makes/sells, these costs do not change. Examples include rent, salaries, and insurance. A variable cost is a cost (in the short-run) that changes based on the amount of output in a business; i.e. the cost increases if the company makes/sells more products, and vice-versa. Examples include wages, cost of goods sold, and income tax. Under classical economic theory, all costs are variable in the long-run.
Would you consider airline fuel cost as a fixed or variable 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.
