- Variable Cost
It is the cost that changes with the amount of production or the amount of work.
eg. Wages, cost of material, etc
- Fixed Cost
It is the costs that do not change as production changes.
eg. one-time setup cost, rental cost, etc
Saturday, February 2, 2008
Variable and Fixed Costs
What are the difference between Variable and Fixed Cost?
Suggested Study Materials
- PMP-Preparation Recommended Books
- PMP Exam Prep, Fifth Edition: Rita's Course in a Book for Passing the PMP Exam
- A Guide to the Project Management Body of Knowledge, Third Edition (PMBOK Guides)
- The PMP Exam: How to Pass On Your First Try (Test Prep series)