02 July 2010
Variable costs are expenses that change in proportion to the activity of a business.[1] In other words, variable cost is the sum of marginal costs. It can also be considered normal costs.
Fixed cost that does not vary depending on production or sales levels, such as rent, property tax, insurance, or interest expense.
02 July 2010
Variable costs are expenses that change in proportion to the activity of a business.[1] In other words, variable cost is the sum of marginal costs. It can also be considered normal costs.
Fixed cost that does not vary depending on production or sales levels, such as rent, property tax, insurance, or interest expense.