Difference between Fixed and Variable Cost?

Answer

The difference between fixed cost and variable cost is that, fixed costs refer expenses whose total does not change in proportion to the activity of a business, within a relevant period of time and they include rent and utility bills. On the other hand variable costs change in relation to the activity of a business for instance sales and production volume.
Q&A Related to "Difference between Fixed and Variable Cost?"
Fixed costs compare to a long-term commitment. Whether in a business or personal sense, fixed costs remain constant despite the economic environment, annual sales or your annual salary
http://www.ehow.com/info_8134327_difference-betwee...
FIXED COST: Fixed is that kind of cost which don't change and remain fixed at a time this will be fixed cost. VARIABLE COST: Variable cost is that kind of cost which don't remain
http://wiki.answers.com/Q/What_is_the_difference_b...
Variable costs are those expenses that change and fluctuate in the course of running a business operation. These include utilities, machinery, repairs and inventory.
http://answers.ask.com/Science/Physics/what_are_va...
Variable costs fluctuate and change such as labor or
http://www.chacha.com/question/what-is-the-differe...
Explore this Topic
An expense refers to any cost incurred by the company to keep the business operating. Expenses may be financial, like property taxes, or nonfinancial, like depreciation ...
Absorption costing is a method of Accounting cost which includes the full cost of manufacturing or providing a service. Variable costing is when manufacturing ...
The difference between product cost and period cost. Product costs are also called variable costs. Period cost is fixed cost.The product cost can go up or down ...
About -  Privacy -  AskEraser  -  Careers -  Ask Blog -  Mobile -  Help -  Feedback © 2014 Ask.com