Understanding the difference between these costs can help a company ensure its fiscal solvency. Companies incur two types of production costs: variable and fixed costs. Variable costs change based ...

By subtracting your variable costs multiplied by the quantity of units produced, you can find the total cost of production. In this way, you will find out how much your total fixed cost is. What is ...

Every business has operating expenses — that is, the costs of running the business. These expenses can generally be classified in two ways: Fixed expenses and variable expenses. Understanding the ...

Mary Hall is a editor for Investopedia's Advisor Insights, in addition to being the editor of several books and doctoral papers. Mary received her bachelor's in English from Kent State University ...