When manufacturing products, a business should budget the time and necessary manpower to produce the products. This allows the company to estimate the total costs associated with the production of the ...

An electronic component that is used to vary the amount of current that flows through a circuit. It works by sliding a wiper terminal across a resistive material, typically a thin film or chunk of ...

Get the latest news and market analysis from our in-house experts. Unlike variable cost which is subject to change depending on volume of a product or service provided, fixed costs are those which do ...