economics fixed costs prime cost variable References in periodicals archive ? Under the circular, the DOF through the Bureau of Local Government Finance (BLGF), will issue a local fees and charges (LFC) tool kit, which comprises the direct fixed cost and variable costs of rendering services. ...
Define variable cost. variable cost synonyms, variable cost pronunciation, variable cost translation, English dictionary definition of variable cost. n. A cost that fluctuates directly with output changes. American Heritage® Dictionary of the English
Understand variable cost in business. Learn the definition of variable cost, the variable cost formula, and how to use the formula to calculate the...
Definition:Variable costs are production costs that change in proportion to the amount of goods that are produced. In other words, for every good that is produced, variable costs increase by the same amount. In any production process, manufacturers incur a variety of costs. Cost accountants and...
Log In Sign Up Subjects Business Economics Variable cost What are examples of variable costs?Question:What are examples of variable costs?Variable Costs:All businesses have overhead that they must plan for every month to make sure it can be covered by their revenue. When setting a price,...
Log In Sign Up Subjects Business Economics Fixed cost Explain the difference between fixed cost, sunk cost, and variable cost. Give examples that...Question:Explain the difference between fixed cost, sunk cost, and variable cost. Give examples that...
Average Total Cost | Definition & Formula & Examples Production Function | Formula, Examples & Graph Say's Law in Economics | Theory, Criticisms & Examples Crude Materials: Definition, Categorization & Examples Alfred Weber's Model of Industrial Location | Overview & Examples Productive Efficiency |...
Total Variable Cost is defined as the total of all the variable costs that would change in proportion to the output or the production of units and therefore helps in analyzing the overall costing and profitability of the company. You are free to use this image on your website, templates, et...
Total Cost | Definition, Formula & Calculation from Chapter 3 / Lesson 16 558K What is total cost in economics? Learn how to calculate total cost using the total cost formula. See the definitions of total fixed cost and total variable cost. R...
Most associate costs in monetary terms. However, in economics, there are different types of costs which take on many forms. Answer and Explanation: Learn more about this topic: Economic Cost | Definition, Aspects & Examples from Chapter 1/ Lesson 14 ...