Law relating to Transfer of Property
Category Archives: CS Notes
Interpretation of Statutes
The Constitution of India
Basis Fixed cost Variable cost (1.) Meaning Fixed cost are those cost which do not vary with the lavel of output. Variable cost are the cost which vary with the lavel of output. (2.) Factors of production Fixed cost are the cost incurred on fixed factors of production like land, machine, building etc. Variable cost are incurred on the employment of variable factors such as material labour etc. (3.) Alternative name It is also known as indirect cost.