Fixed, Variable, & Semi Variable Cost Fixed, variable and semi-variable costs are basic fiscal management terms. For...
Fixed, Variable, & Semi Variable Cost
Fixed, variable and semi-variable costs are basic fiscal management terms. For each, define/describe Recommended 300 to 400 words
Minimum of 2 academic and/or professional references required. If using web resources, ONLY USE SUBSTANTIATED PROFESSIONAL, STATE or FEDERAL WEBSITES.
Homework Answers
1. A fixed cost is a cost which remains unchanged, irrespective of a company's level of output/ revenue.
Fixed Cost also allow quicker marginal profitability at high productivity level.
Eg: Lease on Property, Depreciation, Insurance, Salaries, Rent
2. Variable costs are expenses that vary in proportion to the production.It's depends on the volume of activity.
Variable Cost's are which do not remain constant.
Eg: Commissions, Fright Charges, Direct Labor and Material
3.Semi Variable cost is a cost which contains both fixed and variable cost's. Costs are fixed for a set of level of production, become Variable after that level exceeds.If no production happens fixed costs only will incur.
Eg: Electricity Bill, Post Paid mobile Bill.
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