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what are variable costs?
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Answer / vinotha.v
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.
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / gopal makde
variable cost is the cost which is change with the production,
for ex:- raw material,wages
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / kiran pandit
Variable cost is the cost which directly vary or change as
per the volumn of production or output.
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / rajesh
A cost or expense that increases in total as volume or an
activity increases. (Or decreases in total as volume or an
activity decreases.) For example, if a company pays a sales
commission on all of its sales, commission expense is a
variable expense. The cost of gasoline is a variable cost
in relationship to vehicle miles driven.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / mohammedghousemohiuddin
costs which vary with the volume of production and directly
porportional to the units of production is called variable
cost. Variable cost per unit will be same for all the units
produced
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / ijaj shaikh
variable cost directly varies in direct proportion to
output. such cost are also known as direct costs or
production cost.
| Is This Answer Correct ? | 1 Yes | 0 No |
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