Different types of costs Joe Rogers

Variable costs

Variable costs is the cost depending on how much you buy and sell depends on the costs

Fixed costs

Fixed cosrts is when no Matter what the costs would not change

Total costs

Total costs is when you add the variable and fixed costs together you get the total costs

Sales revenue

Sales revenue is the income from the products you have sold minus the ones you didn't

Working out profits

You need to know your revenues and the cost as of all your goods sold. minus the total costs of your goods from the revenue.

What type ofr costs would a phone contract fit in?


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