Costs BUSINESS studies

What is variable costs?

Variable costs are one of the expenses which are in proportion to outturn or sales.

Example

  • The cost of materials
  • Subcontract expenses
  • A commission for the sale
  • Cost of sales
  • Freight costs

What is fixed costs?

Fixed costs are certain expenses which occur fixedly and doesn't matter amount of sales or flying proficiency.

Example

  • labor costspersonnel expenses
  • Reduction of the cost of equipment
  • Land generatio
  • Expenses

What is the total cost?

Total costs are fixed cost + variable costs

Made with Adobe Slate

Make your words and images move.

Get Slate

Report Abuse

If you feel that this video content violates the Adobe Terms of Use, you may report this content by filling out this quick form.

To report a Copyright Violation, please follow Section 17 in the Terms of Use.