Explain, in brief, the various points of difference between fixed cost

1.	Explain, in brief, the various points of difference between fixed cost and variable cost.
Answer» <html><body><p></p>Solution :Variable costs vary with the amount produced. Fixed costs remain the same, no matter how much <a href="https://interviewquestions.tuteehub.com/tag/output-1142821" style="font-weight:bold;" target="_blank" title="Click to know more about OUTPUT">OUTPUT</a> a company produces. A variable cost is a company's cost that is <a href="https://interviewquestions.tuteehub.com/tag/associated-886051" style="font-weight:bold;" target="_blank" title="Click to know more about ASSOCIATED">ASSOCIATED</a> with the amount of <a href="https://interviewquestions.tuteehub.com/tag/goods-1009877" style="font-weight:bold;" target="_blank" title="Click to know more about GOODS">GOODS</a> or <a href="https://interviewquestions.tuteehub.com/tag/services-1202745" style="font-weight:bold;" target="_blank" title="Click to know more about SERVICES">SERVICES</a> it produces. ... On the other hand, a fixed cost does not vary with the <a href="https://interviewquestions.tuteehub.com/tag/volume-728707" style="font-weight:bold;" target="_blank" title="Click to know more about VOLUME">VOLUME</a> of production.</body></html>

Explain, in brief, the various points of difference between fixed cost and variable cost.