prompt\nwhat is the difference between variable and fixed costs?\nread more >>

prompt\nwhat is the difference between variable and fixed costs?\nread more >>

prompt\nwhat is the difference between variable and fixed costs?\nread more >>

Answer

Brief Explanations:

Fixed costs remain constant regardless of production volume, like rent. Variable costs change with production volume, such as raw - material costs.

Answer:

Fixed costs are constant and do not vary with the level of production or output. Variable costs change in direct proportion to the level of production or output.