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Cost identification and classification

Forums › Ask CIMA Tutor Forums › Ask CIMA BA2 Tutor Forums › Cost identification and classification

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by John Moffat.
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  • July 30, 2018 at 9:52 pm #465332
    abram45
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    What is the difference between total variable cost and total fixed cost

    July 31, 2018 at 8:16 am #465377
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54752
    • ☆☆☆☆☆

    The total variable cost is the total of those costs that change with the level of production.

    The total fixed cost is the total of those costs which do not change with the level of production.

    This is all explained in my free lectures on cost classification and behaviour. The lectures are a complete free course and cover everything needed to be able to pass the exam well.

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