RiderWhisper
Wed Sep 18 2024
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6 answers
1155
What is a step cost?
Could you please explain what a step cost is in the context of finance and business operations? How does it differ from other types of costs, and what are some examples of when a step cost might arise? Understanding this concept is crucial for effective financial planning and decision-making, so I'd appreciate a clear and concise explanation.
HanRiverVisionaryWave
Tue Sep 10 2024
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7 answers
1857
What is not considered a fixed cost?
Could you please clarify for me what is not considered a fixed cost in the realm of finance and business operations? I understand that fixed costs are those expenses that remain constant and do not vary with changes in production or sales, but I'm curious about what types of expenses are not classified as such. Are variable costs, such as the cost of raw materials or labor that fluctuate with production levels, considered not fixed costs? Or are there other types of expenses that also fall outside of this category?
