Please enable JavaScript.
Coggle requires JavaScript to display documents.
3.2 Cost and revenue (Type of cost (Fixed Cost, Varaible cost, Indirect…
3.2 Cost and revenue
Type of cost
Fixed Cost
Varaible cost
Indirect cost
Semi variable
Direct cost
Revenue
Total revenue
Revenue stream
Selling price
How costs affected by the level output
Variable cost
Vary as output change
Semi variable
Both fixed and variable
Fixed cost
Remain fixed
Uses of cost data
Use to help inform
Profit equation
Benefit of having more than 1 source of income
A form of diversification
Lead to more revenue