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प्रश्न
What is meant by variable cost?
लघु उत्तरीय
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उत्तर
- Variable costs are those costs that vary in amount with changes in the level of output or activity.
- Such costs increase and decrease in the same proportion in which the level of output increases or decreases.
- Variable costs vary in total amount but remain constant per unit of production.
- Variable costs are controllable in the short run.
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Classification of Costs
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
संबंधित प्रश्न
Write a short note on direct costs.
Describe cost on the basis of behaviour.
Indirect material scrap is adjusted along with ______.
The cost remains same at all levels of output is called ______ cost.
It refers to the expenses incurred on those items which are not directly chargeable to production. Salaries of timekeeper, foremen and watchmen are examples of this cost. This cost is incurred for the concern as a whole rather than a particular product.
Which definition best describes indirect costs?
Which of the following best describes a fixed cost?
Distinguish between direct costs and indirect costs.
The term “variable costs” refers to ______.
Classify cost according to its nature.
