Semi-variable expense is the aggregation of expenses incurred by a business, where some components are fixed costs and others are variable costs. Here, costs are fixed to a specific production level. However, manufacturers incur variable expenses if they increase production beyond that level. Variab...
The meaning of VARIABLE is able or apt to vary : subject to variation or changes. How to use variable in a sentence.
Income Level of Nomad Duck Breeders (Moving) on Different Business Scale in South Sulawesi Province We can't treat human beings as variable costs, to be paid whatever the boss decides they can afford to shell out. No excuse for paying too little The contribution margin (CM%) is CM% = (...
A variable cost is a recurring cost that changes in value according to the rise and fall of a company’s revenue and output level. Variable costs are the sum of all labor and materials needed to produce units for sale or run your business. ...
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
Definition Variable costs can be defined as expenses which keep changing in proportion to the activities of a business. Variable costs can be calculated as the sum of marginal costs over all units produced.
A business needs to sell at least a certain number of units or goods to cover all costs to be profitable. This number of units or goods is called the break-even point or quantity. The number of units sold ensures that enough revenue has been made to cover both the variable and fixed ...
In this lesson, we looked at the difference between fixed costs and variable costs, and why understanding the difference between the two is important for would-be producers. We saw that the costs for entering a market are often fixed costs, whether it's the land and expertise necessary for ...
Business Management & Operations Economics, Finance, & Analytics + More What is a Variable Cost? A variable cost is an expense that varies in accordance with the level of output. Such costs tend to go up or down as per the production activities of a ...
Understanding Variable Costs The total expenses incurred by any business consist of variable and fixed costs. Variable costs are dependent on production output or sales. The variable cost of production is a constant amount per unit produced. As the volume of production and output increases, variable...