Short note on fixed cost and variable cost

    प्रश्नकर्ता mamta
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    उत्तरकर्ता Shivani

    Fixed cost:

    • Fixed cost remains fixed at every level of output.
    • Fixed costs are time-based costs.
    • Examples: electricity cost, office rent,  salary, rent, interest, insurance payment.

    Variable cost:

    • It increases with the increase in output and decreases with the decrease in output.
    • Variable costs are volume based costs.
    • Examples: workmen’s wages, depriciation
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