Answer:
Variable costs are costs that change depending on the amount of the product you are providing. Fixed costs On the other hand are costs that are the same no matter how much of the product or service you are providing. Fixed costs are also called overhead or fixed operating costs.
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[tex]\boxed {\sf Variable \:costs:-}[/tex]
The materials for making the bracelet are a variable cost, because the amount of materials you buy changes depending on how many bracelets you are making.
[tex]\boxed {\sf Fixed \:costs:-}[/tex]
If you pay rent for a warehouse each month, the amount you pay in rent is the same each month. It doesn't go up or down depending on how many sales you make.
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