Variable cost economics

Variable cost economics variable cost A variable cost is an expense that changes in proportion to the volume of production output or sales In other words, the increase or decrease cost of goods sold Definition of Variable Cost A variable cost is a constant amount per unit produced or used Therefore, the total amount of the variable cost will change

cost of goods sold What is Variable cost VARIABLE COST Variable is the expense bore by a company that changes with change in production and sales It is not fixed, unlike fixed

variable cost Depending on the volume of the production in a company, the variable cost increases or decreases The various examples of variable costs are the cost of raw 1 Production cost · Materials to produce the shoes: $10,000 · Direct labor to manufacture the shoes: $13,000 · Additional materials: $$2,000