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  2. Variable cost - Wikipedia

    en.wikipedia.org/wiki/Variable_cost

    Variable costs are costs that change as the quantity of the good or service that a business produces changes. [1] Variable costs are the sum of marginal costs over all units produced. They can also be considered normal costs. Fixed costs and variable costs make up the two components of total cost.

  3. Average variable cost - Wikipedia

    en.wikipedia.org/wiki/Average_variable_cost

    In economics, average variable cost (AVC) is a firm's variable costs (VC; labour, electricity, etc.) divided by the quantity of output produced (Q): = Average variable cost plus average fixed cost equals average total cost (ATC): A V C + A F C = A T C . {\displaystyle AVC+AFC=ATC.}

  4. Fixed Expenses vs. Variable Expenses: What’s the Difference?

    www.aol.com/fixed-expenses-vs-variable-expenses...

    Variable costs per unit or period of time are less predictable than their fixed counterparts. Here are some key takeaways: Since it’s comparatively difficult to measure or calculate variable ...

  5. Variable costing - Wikipedia

    en.wikipedia.org/wiki/Variable_Costing

    Variable costing is a managerial accounting cost concept. Under this method, manufacturing overhead is incurred in the period that a product is produced. This addresses the issue of absorption costing that allows income to rise as production rises.

  6. Average cost - Wikipedia

    en.wikipedia.org/wiki/Average_cost

    Long-run average cost is the unit cost of producing a certain output when all inputs, even physical capital, are variable.The behavioral assumption is that the firm will choose that combination of inputs that produce the desired quantity at the lowest possible cost.

  7. What Is a Fixed Cost? - AOL

    www.aol.com/fixed-cost-194647372.html

    Costs that are not fixed are called variable costs. These are the costs that change based on how much of something a company produces. The cost of materials to produce goods is a variable cost.

  8. Total cost - Wikipedia

    en.wikipedia.org/wiki/Total_cost

    The marginal cost can also be calculated by finding the derivative of total cost or variable cost. Either of these derivatives work because the total cost includes variable cost and fixed cost, but fixed cost is a constant with a derivative of 0. The total cost of producing a specific level of output is the cost of all the factors of production.

  9. Cost–volume–profit analysis - Wikipedia

    en.wikipedia.org/wiki/Cost–volume–profit...

    Total costs = fixed costs + (unit variable cost × number of units) Total revenue = sales price × number of unit These are linear because of the assumptions of constant costs and prices, and there is no distinction between units produced and units sold, as these are assumed to be equal.