Describe a Variable Cost

question 126

Essay

Describe a variable cost.Describe a fixed cost.Explain why the distinction between variable and fixed costs is important in cost accounting.

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Definitions:

Agile Development

A methodology in software development that emphasizes flexibility, customer involvement, and the regular reassessment of goals and methods throughout the project lifecycle.

Software

Programs and other operating information used by a computer to perform specific tasks.

Upper CASE Tools

Tools that are used to automate the early stages of the SDLC (systems investigation, analysis, and design).

SDLC

The Software Development Life Cycle (SDLC) is a framework defining tasks performed at each step in the software development process.