Question

Explain what is.... Fixed Cost?Variable Cost?Semi-Variable Costs?​

Answer 1

Answer:

Fixed Cost: A fixed cost means that it never changes, increases or decreases for goods or services sold/ produced.

Variable Cost: Variable Costs happens when goods/ services a business supplies changes.

Semi Variable cost: Semi variable cost is cost that shows both fixed and variable cost in it's group.

Explanation:

Example Fixed Cost: rent, propety tax, insurance

Example Variable Cost: electricity, gas, wages, and commission

Example Semi Variable Cost: running  a vechicle