This site contains information for your preparation of PMI's PMP (Project Management Professional) certification exam. I have also Included topics on how to pass the exam and some mock exams.
Saturday, February 2, 2008
Variable and Fixed Costs
What are the difference between Variable and Fixed Cost?
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
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