Understanding fixed and variable costs is essential for managing your business’s financial health. These two categories of expenses form the foundation of your cost structure and influence ...

What Are Variable Costs? Variable costs are unfixed, discretionary costs that include gas, clothing, entertainment, pet supplies and dining out at restaurants. Your electric bill is a variable ...

Wages make up a big portion of labor expenses, including minimum wages, which is considered a semi-variable cost. We explain why below. The term minimum wage refers to the lowest wage an employer ...