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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
Distinguish between Fixed cost and Variable cost.
Describe cost on the basis of behaviour.
Overheads are often related to accounting concepts such as fixed cost and ______ cost.
Which definition best describes indirect costs?
Which of the following best describes a fixed cost?
Distinguish between shut down cost and sunk cost.
The term "variable costs" refers to ______.
Fixed cost is a cost which ______.
Amount spent to purchase a machinery is the example of ______ cost.
Explain with an example, the meaning of variable costs.
