Question

The costs that remain at a given level regardless of the amount of the product produced and sold.

Cost per unit

Profit

Variable costs

Fixed costs

Answer 1

The cost that remain at a given level regardless of the amount of the product produced and sold is called Fixed Cost.

Reason:These costs are independent of output produced and sold. These cost arise even at zero level of output. These are the cost of fixed factors.

Other Cost explanation:

Cost Per unit:The Amount of cost incurred for producing a single unit of the particular product is referred as Cost per unit

Variable Costs:A variable cost is a cost that vary with the level of output. These costs become zero at zero level of output. These are also called as Prime costs.

Profit:It is referred as amount you earned from selling the product at a price more than the Cost price of product. Profit can be calculated by deducting variable and fixed costs from Sale.

Sale xxx

Less:variable cost xxx

Contribution xxx

Less:Fixed cost xxx

  Profit xxx

Conclusion:Fixed Costs.

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