costs

amount of money you have to pay out to a business

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  • Created by: 14199
  • Created on: 05-12-17 12:05
what are costs?
the expenses paid out to run the buisness
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what one varys? fixed costs or variable costs?
variable costs
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what is fixed costs
costs that stay the same, they dont change depending on the amount of money that company is making.
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what is variable costs?
costs that can change depending on how buissness is doing.
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what examples of fc
rent, fixed salaries for employees and advertising.
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what is the formula for total variable costs
total vc = quantity sold x variable cost per unit.
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what examples of vc?
raw materials and running macheniary
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Card 2

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what one varys? fixed costs or variable costs?

Back

variable costs

Card 3

Front

what is fixed costs

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Card 4

Front

what is variable costs?

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Card 5

Front

what examples of fc

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