fixed costs

Partners in Business podcast: Managing your money and time

This installment in the podcast series of Overdrive’s Partners in Business, excerpting portions of the manual coproduced with ATBS, covers how to develop and use profit and loss statements, and how to understand your revenue, earnings and costs.

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PIB TIP: FIXED AND VARIABLE COSTS. A fixed cost is determined and does not change from month to month. Any expense related to time, such as a tractor payment, insurance payment, permit and license fees, is a fixed cost. That cost will be the same every day whether your truck is driven one mile or 600 miles. A variable cost – such as fuel, tires and maintenance – is related to how much you drive. ...

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