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Variable cost
A cost that changes with the change in volume of activity of an organization.
📖 Definitions of "Variable cost"
noun
- 1
A cost that changes with the change in volume of activity of an organization.
"Variable costs may actually vary with the number of shifts, the number of set-ups, or many other specific activities."
💡 Words with a Similar Meaning to "Variable cost"
Found via reverse dictionary — words that share a conceptual meaning.
| Word | Definition |
|---|---|
| accounting costnoun | (economics) The total amount of money or goods expended in an endeavor, in which it is paid out at some time and recorded in journal entries and ledgers. |
| fixed costnoun | (accounting, chiefly in the plural) A cost of business which does not vary with output or sales; an overhead. |
| cost functionnoun | Any mathematical relationship between an activity and its cost. |
| cost centernoun | (accounting, management) A division or project of an organization to which costs can be specifically allocated. |
| cost objectnoun | (accounting) Something to which costs are assigned; anything for which a separate measurement of cost is required. |
| contingency costnoun | (accounting) An expense incurred precautionarily for a use that may not occur such as an event of damage or a change order. |
| cost objectivenoun | (accounting) The purpose for which costs are measured. |
| operating costnoun | (business, accounting) Expense which is related to the operation of a business. |
| costingverb | The estimation of the cost of a process or product. |
| cost centrenoun | (UK, accounting, management) Alternative form of cost center. [(accounting, management) A division or project of an organization to which costs can be specifically allocated.] |
| unit costnoun | The cost to acquire a unit of a good or service for a specific quantity that is produced or purchased. (For example, if it costs the baker 1000 pesos to produce a batch of biscuits that weigh 50 kilos, then their unit cost per kilo is 20 pesos.) |
| stock variablenoun | (economics, accounting) A variable whose value depends on an instant rather than on a period of time. |
| indirect costnoun | (finance, business, accounting) Any cost that is not directly accountable to a cost object (such as a particular project, facility, function, or product). They include administration, personnel and security costs. |
| absorption costingnoun | (business) An accounting method to calculate the total cost of a product by factoring both direct and indirect costs. |
| direct costnoun | (finance, accounting, business) A cost that can be directly attributed to a cost object (such as a particular project, facility, function, service, or product). |
| cost of goods soldnoun | (finance, accounting) The expense of acquiring the inventory that is sold during a given accounting period. |
| flow variablenoun | (economics, accounting) A variable whose value depends on a period of time rather than an instant, example being the gross domestic product. |
| should-costnoun | (business, countable) A price determined by this means. |
| menu costnoun | (economics) A cost incurred by a firm when it changes its prices. |
| overheadnoun | (uncountable, business, accounting) The expense of a business not directly assigned to goods or services provided. |
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