Classification Of Cost Elements Into Variable Fixed With Chart
Main features of Cost Elements either to be classified as Variable Cost Elements or Fixed Cost Elements are as mentioned below : Variable Cost : It remains same per Unit of Production irrespective of Volume of Production or Capacity Utilisation. It has got linear relationship with Volume of Production Fixed Cost : It totality it remains same for a given period irrespective of Volume of Production or Capacity Utilisation. However, Cost per Unit of Production decreases with increase in Production Volume and increases with decrease in Production Volume....