Define Variable costs. Variable costs synonyms, Variable costs pronunciation, Variable costs translation, English dictionary definition of Variable costs. n. A cost that fluctuates directly with output changes. American Heritage® Dictionary of the Eng
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
variable costAlso found in: Dictionary, Acronyms, Encyclopedia, Wikipedia. Related to variable cost: Semi variable costVariable cost A cost that is directly proportional to the volume of output produced. When production is zero, the variable cost is equal to zero....
Understand variable cost in business. Learn the definition of variable cost, the variable cost formula, and how to use the formula to calculate the...
economics.fundamentalfinance.comVariable & Fixed CostVariable 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 that are independent of output. These remain constant throughout the relevant range ...
Unlike absorption costing, variable costing doesn't add fixed overhead costs into the price of a product and therefore can give a clearer picture of costs. By assigning these fixed costs to cost of production as absorption costing does, they're hidden in inventory and don't ...
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Average Variable CostIn economics, average variable cost (AVC) is the variable cost per unit. Variable costs are such cost which vary directly with change in output. AVC equals total variable cost divided by output.A firm’s composition of variable costs depends on the time period being conside...
Total Cost | Definition, Formula & Calculation from Chapter 3/ Lesson 16 557K 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. ...
Total Variable Cost Calculation: Variable cost differs with the volume of the output produces. Here is the formula used to calculate the variable cost.