Variable cost is an expense that changes over time in contrast to fixed cost.
A company which expands in a given time will see that they have to allocate budget for hiring new employees to better accommodate their clients. However, if the company experiences some difficulties in the future, they will sure downsize their workforce which leads to decrease in budget for human resource.
In semi variable cost :variable cost = change in cost/change in output then with that rate * output = variable cost semi variable cost - variable cost = fixed cost
Variable cost refers to the TOTAL variable cost of all units, whereas marginal cost is the variable cost of the last unit only. Variable cost is the sum of all the individual marginal costs. The derivative of the Variable Cost is the Marginal Cost. The integral of the Marginal cost is the Variable Cost.
No, Janitorial Cost is not a variable cost, it is a Fixed Cost.
Variable cost = Total Cost/ fixed cost
yes..depreciation cost is the variable cost..
Average Variable Cost = Total Variable Cost/ Quantity Average Cost = Average Fixed Cost + Average Variable Cost Average Cost = Total Cost/Quantity
Variable cost: The cost change with the change in activity is called variable cost. So as much fuel used cost increased accordingly so it is variable cost.
variable
Manufacturing cost is variable cost.
variable cost
Total Variable Cost = Number of Units * Variable cost per unit
Fixed cost and variable cost is equal to total cost as per following formula: Total Cost = Fixed Cost + Variable Cost