Question

Can someone list what would be included in variable cost? Also, list what would be in fixed cost?

INCOME
	Sales
	Amazon Sales
	Shipping
		Total income
Cost of Goods Sold
	Materials
	Material Variance
	Labor
	Equipment Purchase
	Shipping
	Overhead
	Amazon
	Purchases for Resale
		Total COGS Expenses
GROSS Profit
SALES AND MARKETING EXPENSE
	Sales & Marketing
	Advertisement
	Tradeshows
	Travel
	Shipping
		Total Sales & Marketing Expenses
ADMINISTRATIVE EXPENSE
	Salaries
	Insurance
	Payroll expenses
	Professional Fees
	Accounting Fees
	Amazon Fees
	Auto Expense
	Bank Fees
	Computer Expense
	Dues and Subscriptions
	Meals & Entertainment
	Office Supplies
	Outside Services
	Repairs and Maintenance
	Rent Expense
	Utilities
	Promotional Expense
	Taxes and Licenses
	Website Hosting
	R&D Expenses
		Total Administrative Expenses
OTHER INCOME/EXPENSES
	Interest Expense
	Miscellaneous income
	Interest Income
		Total other expenses
INCOME BEFORE NON-CASH EXPENSES
NON-CASH EXPENSES
	Depreciation
	Amortization
		Total non-cash expenses

Answer 1

Answer :-

In simple words we can say cost as something we give to get some other thing.

Accordingly cost we incur can be classified into variable or fixed basing on the relation it bears with outcome. Here outcome may be production or sales as the case may be.

(# for every cost there would be intended goal)

Below classification is purely based on the assumption. But for accurate segregation requires figures.

Variable:-

Variable cost means the portion of cost that changes in accordance with production levels.

1) Material

2) Labour

3) Shipping

4) Sales and marketing expenses

5) Advertisement

6) Tradeshows

7) Shipping

8) Travel

9) Interest expenses - Due to compounding interest annual interest expense would be different.

Fixed Expenses :-

Expenses that remain irrespective of desired outcome i.e production or sales.

10) Equipment purchase

11) Amazon fee

12) Purchase for resale

13) Salaries

14) Insurance expenses

15) Payroll expenses

16) Professional fee

17) Accounting fee

18) Amazon fee

19) Auto Expenses

20) Bank fee

21) Computer expenses

22) Dues and subscription

23) Meals and entertainment

24) Office expenses

25) Outside services

26) Repairs and maintenance

27) Rent expenses

28) Utilities

29) Promotional expenses

30) tax and licenses

31) Website hosting

32) R and D. Company may set aside a particular sum for r and d purpose. So it is fixed else variable cost.

33) Depreciation.

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