Definition of Variable Cost

What Are Fixed and Variable Expenses? - variable cost Semi-variable costs are less common than fixed and variable costs, and will differ from industry to industry Nevertheless, typical semi-variable costs include variable cost Variable costs are expenses that vary in proportion to the volume of goods or services that a business produces In other words, they are costs that vary

cost of goods sold As the name suggests, variable costs can change based on how much a company produces and sells in that time period Some common examples of variable costs