Variable Cost: Definition, Examples & How to Calculate it

Variable cost refers to the cost incurred in various business operations which aren't fixed and may change depending upon the change in volume of production It

Cost is something that can be classified in several ways depending on its nature One of the most popular methods is classification according

fixed cost Variable costs make the company's expense structure flexible and adaptable to changing business conditions As variable costs change based on

cost of goods sold More videos on YouTube · Rent and lease costs - Rent and lease costs are a common fixed cost for businesses · Equipment and machinery -