Jun 6, 2025 · Learn about types of costs for CIE IGCSE Business, including fixed, variable, total and average costs and cost calculations to make business decisions

(a) Fixed-price types of contracts provide for a firm price or, in appropriate cases, an adjustable price. Fixed-price contracts providing for an adjustable price may include a ceiling price, a …

Nov 8, 2023 · Fixed costs are expenses that do not change with increases or decreases in a company’s production or sales volumes. They remain constant, within capacity limits of a …

Fixed cost is a type of cost that does not change with an increase or reduction in production quantity. The company has to pay the fixed cost despite the number of units produced. These …

Fixed charges, sometimes known as fixed costs or fixed expenses, are business expenses that occur periodically and are independent of the operational tempo of the business. It is in …

May 8, 2025 · Fixed costs are expenses that remain consistent regardless of a business's production or sales volume. They're recurring, baseline expenses like rent or insurance …

Service-based businesses also have their share of fixed costs, such as office space rent, professional licenses, and employee salaries. Managing these fixed costs involves ensuring …

Feb 10, 2025 · Fixed costs in business are expenses that do not change with the level of goods or services produced. They remain constant regardless of the company’s level of output.

Service Costing is also known as ‘operating costing’ is used for establishing costs of services rendered or services offered for sale and no items are produced. Service costing is used in …

Oct 14, 2024 · Fixed costs are essential components of a business’s cost structure. They are expenses that do not change regardless of production levels, such as rent, insurance, and …