MGT 323 SEU Fixed vs Variable Costs Question

Question Description

I’m working on a business discussion question and need a reference to help me learn.

Explain the concept of the value and its implications for managing the supply chain.

Explain how logistic costs can be managed for better value creation.

4.2 The following table shows various costs incurred by a manufacturing company:

Cost

Variable cost

Fixed cost

Depreciation

Cost of shipping finished goods to customers

Wood used in manufacturing furniture

Manageràsalary

Electricity used in manufacturing furniture

Packing supplies for shipping products

Sand used in manufacturing concrete

Supervisoràsalary

Advertising costs

Executiveàlife insurance

4.3 Question

Answer with a tick mark or write in words which is a fixed cost, and which one is a variable cost.

Explanation & Answer:

100 Words

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