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Terms
Variable Costs
2 Definitions
A cost element that varies directly with the amount of product or service produced by an activity or cost. Variable costs go to zero if the activity stops
defined
by
6SixSigSigma
VARIABLE MANUFACTURING COST: Those operational costs that vary with the production volume in contrast to fixed costs that are independent of production volume.
defined
by
Silcon Beach Training
Related terms
Activity Based Costing (ABC)
Independent Variable
Dependent Variable
Random Variable
Background Variables
