Fixed and Variable Costs: Theory and Practice in Electricity

variable cost Variable costs play a crucial role in shaping the profitability of a product line and directly impacting the profit margin Understanding these costs is

Fixed and variable costs impact the business in different ways but both are important in making the business profitable In the discussion of costs, it will be variable cost Examples of variable costs include raw materials, direct labour, and utilities On the other hand, fixed costs remain constant regardless of production or sales