Why Overhead Costs Matter to Entrepreneurs?
Overhead is all expenses not related to producing your product or providing your service. In other words, overhead refers to the indirect costs of running your business. Types of Overhead There are three types of overhead costs: Fixed Costs – These expenses stay consistent each month. They are not dependent on the number of products […]
Difference Between Fixed & Variable Expenses
Hi, my name is Nancy, and today I am going to continue our cost accounting series by explaining the difference between fixed costs and variable expenses. Now before we go any further, I need your help. You see, presently, this channel does not receive any advertising revenue from YouTube. YouTube requires 1,000 subscribers and 4,000 […]