How do variable costs and fixed costs differ


Response to the following questions:

1. How is strategic planning related to capital budgeting?

2. How do variable costs and fixed costs differ? Give an example of each.

3. Analyze your personal expenses on a variable and fixed basis. What are some of your personal fixed costs and variable costs? What would cause them to change?

 

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Cost Accounting: How do variable costs and fixed costs differ
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