explain variable costsvariable costs conversely
Explain Variable costs.
Variable costs conversely, tend to vary directly along with the volume of output. Illustrations of variable cost are: -
* Direct production labour cost
* Direct Materials cost
* Direct Expenses.
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explain fixed costfixed costcost may be described as the amount of expenditure incurred on or attributable to a specified thing fixed costs are those
explain variable costsvariable costs conversely tend to vary directly along with the volume of output illustrations of variable cost are - direct
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