Difference between revisions of "Variable cost"
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According to [[Product Manager's Handbook by Gorchels (2nd edition)]], | 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. | :[[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. | ||
[[Category: Marketing Management]][[Category: Economics]][[Category: Articles]] [[Category: Accounting]][[Category: Product Management]] | [[Category: Marketing Management]][[Category: Economics]][[Category: Articles]] [[Category: Accounting]][[Category: Product Management]] | ||
Latest revision as of 19:48, 16 July 2020
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.
