Difference between revisions of "Variable cost"
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According to [[Marketing Management by Keller and Kotler (15th edition)]], | According to [[Marketing Management by Keller and Kotler (15th edition)]], | ||
:[[Variable cost]]. Cost that varies directly with the level of production. | :[[Variable cost]]. Cost that varies directly with the level of production. | ||
| + | According to [[Cost Accounting by Horngren, Datar, Rajan (14th edition)]], | ||
| + | :[[Variable cost]]. Cost that changes in total in proportion to changes in the related level of total activity or volume. | ||
| − | [[Category: Marketing Management]][[Category: Economics]][[Category: Articles]] | + | [[Category: Marketing Management]][[Category: Economics]][[Category: Articles]] [[Category: Accounting]] |
Revision as of 15:11, 11 July 2020
Variable cost is any costs of production that increases with the quantity produced.
Definitions
According to Principles of Economics by Timothy Taylor (3rd edition),
- Variable costs. Costs of production that increase with the quantity produced.
According to Marketing Management by Keller and Kotler (15th edition),
- Variable cost. Cost that varies directly with the level of production.
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Variable cost. Cost that changes in total in proportion to changes in the related level of total activity or volume.
