Millerstown, on the Nolin River, was the first community to be formally incorporated in 1826; Falls of Rough grew up around the Green Sawmill, which first operated in 1823; and Grayson Springs, a popular summer resort, opened in 1830 and peaked in prosperity about 1900.
Example 1. Assume a business produces clothing. A variable cost of this product would be the direct material, i.e., cloth, and the direct labor. If it takes one laborer 6 yards of cloth and 8 hours to make a shirt, then the cost of labor and cloth increases if two shirts are produced.
1 Rent, utilities, and administrative salaries are examples of fixed costs. 2  Whether you produce 1 unit or 10,000, these costs will be about the same each month. 3  Variable costs vary with production volume. Rent, utilities, and administrative salaries are examples of fixed costs. 2  Whether you produce 1 unit or 10,000, these costs will be about the same each month. 3  Variable costs vary with production volume.