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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
Describe cost on the basis of behaviour.
Variable cost is a cost that ______.
Which cost decreases with increase in the volume of output?
Which of the following cost is time based?
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.
Wages paid to a labour who was engaged in the production activities can be termed as ______.
Fixed cost is a cost which remains same at ______.
Distinguish between shut down cost and sunk cost.
The term “variable costs” refers to ______.
What do you mean by Semi-Fixed cost?
