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How Do Variable Costs And Fixed Costs Differ?

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Miscellaneous

 

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Susan F

 

Date added:

October 4, 2013

 

Level:

University

 

Grade:

B

 

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3 / 649

 

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Variable costs are costs that can rise or fall depending on how much work I contract. Say I sign up 20 jobs this year, I will have to hire more employees, buy them trucks, rent them cell phones, and those costs will correspond to the amount of work going on, therefore variable. • Chapter 15: Discussion Question 16...
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Example: ??? Indirect costs are costs normally incurred for the benefit of several segments within the organization; sometimes called common costs or joint costs. Example:??? • Chapter 15: Discussion Question 18. How can out-of-pocket costs and opportunity costs be applied to your personal financial 1 decisions? Out-of-pocket costs are just that; things you pay for in cash or credit and Opportunty costs are choices...
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