variable cost

      English

      Noun

      variable cost (plural variable costs)

      1. (accounting) A cost that changes with the change in volume of activity of an organization.
        Variable costs of nuclear-generated electricity seem low.
        Variable costs may actually vary with the number of shifts, the number of set-ups, or many other specific activities.

      Coordinate terms

      • fixed cost
      • semi-variable cost

      See also

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      Last modified on 16 June 2013, at 17:37