Variable Cost - Definition - The Economic Times

variable cost  Variable costs are expenses that change in proportion to the production output or the level of business activity  Variable costs make the company's expense structure flexible and adaptable to changing business conditions As variable costs change based on

Variable costs are incurred when production output or sales volume increases Fixed costs are also known as overhead costs, period costs, or VARIABLE COSTS definition: Variable costs are costs that vary depending on how much of a product is made

A variable cost is an ongoing business expense that is subject to change directly based on how much of product is made or sold If the total The most common variable costs include raw materials, direct labor, and shipping costs These costs are directly tied to the production volume and can change