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In business, there are two common types of expenses: variable and fixed. Variable expenses are those which change as production changes, whereas fixed charges are usually the same regardless of the amount produced in the short term.
Some examples of variable expenses for a packaged goods company:
-The cost of the product (raw materials, packaging)
-Labor and conversion costs at the factory (the more you produce the more labor will be required)
-Overheads at the factory (the more you produce, the more water and electricity you will use)
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What is variable and example of variable?
An variable in science something that can be changed and example is facts and figures .
Is temperature an example of continuous variable?
Yes. It is a continuous variable. As used in probability theory, it is an example of a continuous random variable.
What Variable in algebra?
A variable in algebra is an unknown quantity as for example in the term 5y the variable is y
Whats a Dependent Variable?
A dependent variable is simply a variable (for example: y) whose value depends on that of another.
What is the meaning of the word variable?
Variable means something that changes. X, for example, is a variable, as it can be many different numbers.
