Distinguish between fixed cost and variable cost?

Question: Distinguish between fixed cost and variable cost? 

Fixed costs are expenses that remain constant regardless of the level of production or sales, while variable costs are expenses that change with the level of production or sales. Fixed costs are incurred even if there is no production or sales, while variable costs increase with the increase in production or sales.

Disclaimer

All information provided on this site is generated by artificial intelligence. If you find any content objectionable or have concerns about the information provided, please feel free to comment or contact us directly.

Rjwala

Rjwala is your freely Ai Social Learning Platform. here our team solve your academic problems daily.