Rusith

Rusith Yapabandara is contributing as the key author for LearnBusinessConcepts. He has over eight years of corporate experience in multinational companies and has several years of academic consulting experience.

He is a Passed Finalist of CIMA (UK), PMP (USA) Certified, and Completed BCS HEQ (UK). He is enjoying reading, acquiring knowledge in his spare time, and also keen to share his knowledge. Rusith has been a contributor to Learn Business Concepts since 2020. You may reach him on Linkedin.

Direct Cost – Definition, Explanation, Examples

Direct cost is a type of cost associated with the production of specific goods or services. The cost of any material which directly used to produce a product/service can be considered a direct cost.

Variable Cost: Explanation, Formula, Calculation, Examples

Variable costs are expenses that the amount depending on the volume of goods or services produces. In simple terms, variable cost is changing based on the production/service output quantity/volume.

Fixed Cost: Explanation, Formula, Calculation, and Examples

Fixed cost is a type of cost that does not change with an increase or reduction in production quantity. The company has to pay the fixed cost despite the number of units produced.