Question: Hi, I need to distinguish between fixed costs and variable costs, but I have no idea where to even start. Could you please explain? Simple

Hi,

I need to distinguish between fixed costs and variable costs, but I have no idea where to even start. Could you please explain? Simple answer will suffice.

Thank you

Revenue

Total revenue

Cost of revenue

Gross profit

Operating activities

Research & development

Selling, general & administrative

Non-recurring

Other operating expenses

Total operating expenses

Operating income

Income from continuing operations

Net other income

EBIT

Interest expense

Income before tax

Income tax expense

Minority interest

Net income from continuing ops

Non-recurring events

Discontinued operations

Extraordinary items

Effect of accounting change

Other items

Net income

Income (for common shares)

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