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Meaning of variable cost

Source language: EnglishDictionary language: English

variable cost

noun

Definitions

  1. A cost that changes with the change in volume of activity of an organization.

    Example: Variable costs may actually vary with the number of shifts, the number of set-ups, or many other specific activities.

Sources:https://en.wiktionary.org/wiki/variable%20cost

Related words

accounting costfixed costcost functioncost centercost objectcontingency costcost objectiveoperating cost