Difference between fixed and variable costs


Discuss below in a 150 words each:

Q1) Provide an example of a direct cost and indirect cost from your workplace or an organization with which you are familiar. What is the difference? Explain your answer. List references if you use a source other than the text.

Q2) Understanding the difference between fixed and variable costs, what area of a health care facility or physician practice do you think would have a greater amount of variable costs than fixed? What would you suggest to lower the fixed costs for the same area?

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Accounting Basics: Difference between fixed and variable costs
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