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प्रश्न
What is meant by variable cost?
लघु उत्तर
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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
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
संबंधित प्रश्न
Distinguish between Fixed cost and Variable cost.
Indirect material scrap is adjusted along with ______.
Which cost decreases with increase in the volume of output?
Which definition best describes indirect costs?
Wages paid to a labour who was engaged in the production activities can be termed as ______.
Direct cost increases when ______.
Distinguish between shut down cost and sunk cost.
A cost that is easily traceable to a cost object is known as ______.
What do you mean by Semi-Fixed cost?
Give an example of Semi-Fixed cost.
