Search results
- DictionaryVar·i·a·ble cost/ˈverēəbəl ˌkôst/
noun
- 1. a cost that varies with the level of output.
Powered by Oxford Languages
noun
Powered by Oxford Languages
Costs that change in proportion to the good or service that a business produces
Variable costs are costs that change as the quantity of the good or service that a business produces changes. Variable costs are the sum of marginal costs over all units produced. They can also be considered normal costs. Fixed costs and variable costs make up the two components of total cost. Direct costs are costs that can easily be associated with a particular cost object. However, not all vari... Wikipedia