An variable in science something that can be changed and example is facts and figures .
Type your answer here... fixed cost + variable cost = total cost
Yes. It is a continuous variable. As used in probability theory, it is an example of a continuous random variable.
marginal cost, total cost, variable, and fixed cost
lina
is insurance premiums for fire insurance an example of variable cost?
Variable cost is the cost which varies as variation in production units For example if 10 units produce variable cost = 100 if 100 units produce variable cost =1000 so per unit variable cost = 10
variable cost
One example of a variable cost in a business is labor costs because the amount of people a business employs fluctuates greatly, especially during the holiday season. Another example of a variable cost is the cost of materials.
Electricity, water,....
Direct labor and direct material is example of variable cost which increase with each increase of unit. Factory rent is example of fixed cost which remains fixed even in change in number of units produced.
Directly variable cost means that which cost is directly related with the number of production of units of products. Example: For example if material amounting 10 is required to produce 1 product unit then total material amount of 100 will be required to produce 10 units of product in this case 10 is the variable cost per unit and 100 is the variable cost for 10 units of product.
Because the production manager's salary remains the same, regardless of the production level, this salary is a fixed cost, not a variable cost.
In semi variable cost :variable cost = change in cost/change in output then with that rate * output = variable cost semi variable cost - variable cost = fixed cost
Purchasing of motor vehicle is example of fixed cost while using fuel for running those motor vehicles is a variable cost.
the law diminishinf mean fixed cost and variable cost
Variable cost per unit is not dependent on how much units sold but it is dependent on how many units have been produced. For Example: Total units produced: 1000 Total variable cost :10000 Variable cost per unit = 10000/1000 = 10