Archive for abril 17th, 2024

What is Cost Behavior? How do the Different Types of Costs Impact Business Strategy?

What is Cost Behavior? How do the Different Types of Costs Impact Business Strategy?

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Unlike fixed costs, variable costs vary in direct proportion to changes in production or sales volume. These costs increase or decrease as the level of activity changes. Examples of variable costs include raw materials, direct labor, and sales commissions. If a company produces more units, variable costs will increase accordingly.Read More