In addition, medical devices include in vitro diagnostic products, such as general purpose lab equipment, reagents, and test kits, which may include monoclonal antibody technology. Certain electronic radiation emitting products with medical application and claims meet the definition of medical device.
Sales commission is a variable cost because the amount of the account is subject to variation. Think about it: A used car salesman is paid a commission say of $500 for every car he sells for the month of October. If he sells only 2 cars, then the sales commission is $1000, If he sells a whopping 12 cars, then the sales commission is $6000!!
In economics, total cost is made up of variable costs + fixed costs. Variable costs (VC) are costs that change based on how many goods you produce or how much of a service you use. Fixed costs (FC) are costs that don't change from month to month and don't vary based on activities or the number of goods used.ormula. TC (total cost) = TFC (total fixed cost) + TVC (total variable cost). Now that you know the formula and things to consider, let's go back to that question in the beginning of how much it costs to operate your car every month.