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Cost behaviour
 
what is the difference between step cost and variable cost
 
step cost have both qualitites of fixed cost and variable cost. for short term period/production level it is fixed cost but for longer period/production level it may become variable cost. example is godown rent. it wll be fixed for a year but in next year it will increase.
 
please tell me whether step cost is to be included in opportunity cost or not
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