Variable cost
(Redirected from Variable costs)
Variable cost is any costs of production that increases with the quantity produced.
Definitions
According to Principles of Economics by Timothy Taylor (3rd edition),
- Variable costs. Costs of production that increase with the quantity produced.
According to Marketing Management by Keller and Kotler (15th edition),
- Variable cost. Cost that varies directly with the level of production.
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Variable cost. Cost that changes in total in proportion to changes in the related level of total activity or volume.
According to Product Manager's Handbook by Gorchels (2nd edition),
- Variable costs. Those costs that vary directly with the level of production. They tend to be constant per unit produced.
According to Managerial Accounting by Braun, Tietz (5th edition),
- Variable costs. Costs that change in total in direct proportion to changes in volume.
