Material and labor are variable costs that change depending on the number of units produced, while fixed costs like rent and insurance remain the same total amount but their per unit cost decreases with more production. Variable costs per rupee spent will fluctuate but the variable cost per unit stays constant, and fixed costs per rupee remain fixed regardless of production levels.
Material and labor are variable costs that change depending on the number of units produced, while fixed costs like rent and insurance remain the same total amount but their per unit cost decreases with more production. Variable costs per rupee spent will fluctuate but the variable cost per unit stays constant, and fixed costs per rupee remain fixed regardless of production levels.
Material and labor are variable costs that change depending on the number of units produced, while fixed costs like rent and insurance remain the same total amount but their per unit cost decreases with more production. Variable costs per rupee spent will fluctuate but the variable cost per unit stays constant, and fixed costs per rupee remain fixed regardless of production levels.