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प्रश्न
Variable cost is a cost that ______.
पर्याय
Changes with the level of output.
Remains same at all levels of output.
Either changes with the level of output or remains same at all levels of output.
None of these.
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उत्तर
Variable cost is a cost that changes with the level of output.
Explanation:
Variable expenses are directly related to the degree of production or output. Variable costs rise with increased production and fall with decreased production. Variable costs include raw supplies, direct labour costs, and production-related utility charges.
संबंधित प्रश्न
Write a short note on direct costs.
A firm has to pay a fixed rent of ₹ 500 for the postpaid mobile bill and further pay extra charges for the calls made in a month. Identify the type of cost mentioned here.
Which cost decreases with increase in the volume of output?
Which of the following cost is time based?
Which definition best describes indirect costs?
Wages paid to a labour who was engaged in the production activities can be termed as ______.
Which of the following best describes a fixed cost?
Direct cost increases when ______.
Distinguish between controllable and uncontrollable costs.
Distinguish between shut down cost and sunk cost.
Fixed cost is a cost which ______.
Variable cost per unit increases when ______.
Give an example of Semi-Fixed cost.
Classify cost according to its nature.
Explain with an example, the meaning of variable costs.
Write short notes on Variable Costs.
