1. Fixed costs and variable costs are important to consider for every project. Fixed costs will remain the same regardless of the volume that is produced. Variable costs will vary depending on a variety of factors. review the video, Variable Cost: Definition, Formula, & Examples. Then provide recommendations for how an organization can plan for variable costs based on what you learned from the readings this week.2. All organizations must know the breakeven point for all of their products offered. However, the breakeven point can vary depending on the life cycle of the product. Use the video, Break Even Point and the assigned reading from the textbook in devising your response.
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