What are costs?

Costs The firm incurs a variety of cost when it produces and we pause these in various ways. One way is to split them into restore cost and variable cost: ·Fixed cost - these argon costs that do non metamorphose as the level of accrue varies. These include such things as rent, business rates and security costs. ·Variable costs - these argon costs that do veer as output varies and so will include things constitute raw materials, labour costs, energy costs and so on. other really same way to split costs is into tell costs and indirect costs: ·Direct costs - these are similar to variable costs, and are costs that can be presently attributed to the intersection of each unit of the good. This will indeed be things resembling the cost of the raw materials, the packaging, the labour clock time that went into the production (if that can be clearly identified) and so on.

· validatory costs - these are more commonly known in manage as overheads, and are general costs that are not specifically related to the product. They may be things like merchandise and distribution costs, the cost of secretarial staff, the cost of the premise (rent and so on) and general bills like phone bills. If you want to cohere a full essay, order it on our website: OrderCustomPaper.com

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