A cost of labor, material or overhead that changes according to the change in the volume of production units. Combined with fixed costs, variable costs make up the total cost of production. While the total variable cost changes with increased production, the total fixed costs stays the same.
Related information about variable cost:
- Variable cost - Wikipedia, the free encyclopedia
Variable costs are expenses that change in proportion to the activity of a business. Variable cost is the sum of marginal costs over all units produced. It can also ...
- Variable Cost Definition | Investopedia
A corporate expense that varies with production output. Variable costs are those costs that vary depending on a company's production volume; they rise as ...
- What is variable cost? - BusinessDictionary.com
Definition of variable cost: A periodic cost that varies in step with the output or the sales revenue of a company. Variable costs include raw material, energy ...
- Variable Cost - Financial Dictionary - The Free Dictionary
A cost that is directly proportional to the volume of output produced. When production is zero, the variable cost is equal to zero.
- What is variable cost? definition and meaning - InvestorWords.com
Definition of variable cost: A cost of labor, material or overhead that changes according to the change in the volume of production units. Combined with fixed ...
- Variable Cost & Fixed Cost - Economics
Variable Costs and Fixed Costs. All the costs faced by companies can be broken into two main categories: fixed costs and variable costs. Fixed costs are costs ...
- Semi-Variable Cost Definition & Example | InvestingAnswers
We explain the definition of Semi-Variable Cost, provide a clear example of how it works and explain why it's an important concept in business, finance ...
- Average Variable Cost | Reference.com Answers
The average variable cost(AVC) is a term used in economics. It is used to refer to the variable costs of products or services. There is a formula that is used ...