Latest Answer: The costs that are fixed irrespective of production are fixed costs. EX: Rent, Depreciation ...
Latest Answer: Variable cost or Marginal cost is the cost that is directly proportionate to the number of units being produced (unit being a Tangible item produced or an Intangible service that is provided). It increases proportionately if the number of units that are ...
Latest Answer: it is a costing rule technique that excludes fixed cost from influencing decisions because they are said to be irrelevent cost.... simply because they are bound to be incurred even if a firm produce or doesn't produce eg rent, ...
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