Question

How do step-wise costs and curvilinear costs differ?

How do step-wise costs and curvilinear costs differ?

Homework Answers

Answer #1

Step-wise costs and curvlinear costs differ in following ways.

​​​​definition :

  • Step-wise cost​​​​​​​​​​ is the cost which stays constant over the change in volume of production
  • Curvlinear cost is the cost which changes with the changes in volume of production

Graph :

  • Graph of step-wise cost looks like stair step
  • Graph of curvlinear cost looks like 'S' shape

Example :

  • Production supervisior's salary which stays fixed even if changes in production volume, thus it is a example of step-wise cost
  • Total direct labour cost which changes according to production volume and hourly rate, thus it is a example of curvlinear cost.
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