![]() As the volume of goods or services increases, so will variable costs. They are the costs incurred for doing business. Variable costs, in contrast, are directly affected by your output. In other words, fixed costs are independent of business activity and can also be known as overhead or indirect costs. Your expenses can be broken down into two main categories - fixed cost and variable cost.įixed costs are your expenses that are not affected by your business’s sales or production. Your revenue subtracted by your expenses gives you your net profit, an important measure of how things are going. When you manage a business, it’s important to keep track of expenses. ![]()
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