Variable Cost Definition, Formula & Examples - Lesson -

Variable Cost Definition, Formula & Examples - Lesson - variable cost Understanding variable costs can help your business make more money—so long as you don't sacrifice quality in the process fixed cost Variable costs are costs which change with output As output increases the firm needs to use more raw materials and employ more workers

fixed cost A variable cost remains the same per unit but changes in total Variable cost examples include sales commissions, hourly workers, and units-of-production method

variable cost Understand variable cost in business Learn the definition of variable cost, the variable cost Cost is the monetary value of goods and services purchased by producers and consumers For example, a consumer typically equates cost with the price of a