Variable cost: Difference between revisions
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A variable cost is a cost which increases as the level of production (or other activity) increases, because it is incurred as a consequence of the production or other activity. | A variable cost is a cost which increases as the level of production (or other activity) increases, because it is incurred as a consequence of the production or other activity. | ||
Contrasted with a fixed cost. | |||
Revision as of 08:15, 20 March 2019
Cost and management accounting.
A variable cost is a cost which increases as the level of production (or other activity) increases, because it is incurred as a consequence of the production or other activity.
Contrasted with a fixed cost.
