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In the simplest case, where cost is linear in output, the equation for the total semi-variable cost is as follows: [6] Y = a + b X {\displaystyle Y=a+bX} where Y {\displaystyle Y} is the total cost, a {\displaystyle a} is the fixed cost, b {\displaystyle b} is the variable cost per unit, and X {\displaystyle X} is the number of units (i.e. the ...
Variable Costs include indirect overhead costs such as Cell Phone Services, Computer Supplies, Credit Card Processing, Electrical use, Express Mail, Janitorial Supplies, MRO, Office Products, Payroll Services, Telecom, Uniforms, Utilities, or Waste Disposal etc. semi variable, the expenses necessary to keep the business in proper condition.
By behavior: fixed, variable, or semi-variable. Fixed costs remain unchanged irrespective of changes in the production volume over a given period of time. Variable costs change according to the volume of production. Semi-variable costs are partly fixed and partly variable.
For example, variable manufacturing overhead costs are variable costs that are indirect costs, not direct costs. Variable costs are sometimes called unit-level costs as they vary with the number of units produced. Direct labor and overhead are often called conversion cost, [3] while direct material and direct labor are often referred to as ...
Along with variable costs, fixed costs make up one of the two components of total cost: total cost is equal to fixed costs plus variable costs. In accounting and economics, fixed costs, also known as indirect costs or overhead costs, are business expenses that are not dependent on the level of goods or services produced by the business. They ...
The 2014 World Cup in Brazil has begun. Check HuffPost's World Cup dashboard throughout the tournament for standings, schedules, and detailed summaries of each match.
What You Can Feed Your Cat at Christmas (But Probably Shouldn't). Turkey breast: If you really feel the need to share your Christmas dinner with your cat, you can give some turkey breast.Do not ...
Like direct costs, indirect costs may be either fixed or variable. Indirect costs include administration, personnel and security costs. These are those costs which are not directly related to production. Some indirect costs may be overhead, but other overhead costs can be directly attributed to a project and are direct costs.