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lakkis [162]
3 years ago
15

What is the difference between variable and fixed costs?

Biology
2 answers:
VladimirAG [237]3 years ago
6 0
"<span>Based on variability, the costs has been classified into three categories, they are fixed, variable and semi variable. </span>Fixed costs<span>, as its name suggests, is fixed in total i.e. irrespective of the number of output produced. </span>Variable costs<span> vary with the number of output produced. </span>Semi-variable<span> is the type of costs, which have the characteristics of both fixed costs and variable costs".</span><span>


<span /></span>
Bess [88]3 years ago
5 0
<span>Variable costs vary with the amount produced. Fixed costs remain the same, no matter how much output a company produces. A variable cost is a company'scost that is associated with the amount of goods or services it produces. ... On the other hand, a fixed costdoes not vary with the volume of production.</span><span>May 22, 2017</span>
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