variable costs


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Related to variable costs: direct costs, Semi Variable Costs

variable costs

[′ver·ē·ə·bəl ′kȯsts]
(industrial engineering)
Costs which vary directly with the number of units produced; direct labor and material are examples.
References in periodicals archive ?
Until, however, the assisted living industry begins to understand the nuances of providing services to its ever-changing population, improves its ability to manage its variable costs and maximizes its opportunities for revenue enhancement, its promise will not be realized.
The profit improvement algorithm starts with all railroad prices set equal to variable cost and systematically generates changes in prices for a given railroad that will increase its excess of revenues over variable costs.
The key parameter estimate needed for the subsequent estimates is the elasticity of employment (N) with respect to the ratio of fixed to variable costs (p).
Since the new protocol was instituted in January 1998, the ventilator rate has decreased, saving $292,000 in variable costs the first-year.
variable costs, mold yield calculations, mold sand calculations, casting routing, casting scrap provision and surcharges.
How do changes in price per unit, variable costs, fixed costs, and service volume affect surplus?
Partial variable costs for auxiliary plots encompassed all variable costs except charges for interest on variable cost, land preparation, and labor costs.
Laboratory variable costs include things such as salaries and benefits for various testing personnel, costs for testing supplies and reagents, even telephone expenses.
The program takes into account both fixed and variable costs associated with extrusion, injection molding, and blow molding processes.
Variable costs vary in total with changes in volume or level of activity.
For a business organization, pretax operating income (Figure 1, line 23) is the excess of tuition revenue over both fixed and variable costs.
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