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Question
What is Variable Cost?
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Solution
Variable costs are those borne by a corporation that fluctuate with output levels. These costs climb with increased production and decline with decreased production.
RELATED QUESTIONS
Give one example of Variable cost.
"A fixed cost is a cost that a business must pay whether it produces one product or a million. Regardless of output, the business must pay the same," amount spent to purchase a machinery is the example of ______ cost.
The cost which changes as per the levels of production is ______.
Telephone cost is an example of ______ cost.
______ cost is activity-based. It increases with increase in output.
Costs like rent, insurance etc. which do not change inspite of changes in the volume of output are ______ costs.
What is semi-variable cost?
Give one example of semi-variable cost.
Distinguish between variable cost and semi-variable cost.
What is Fixed Cost?
