variable costs
Definitions
Construction
- Those costs that are a function of production, e.g., raw materials costs, by-product credits, and those processing costs that vary with plant output (such as utilities, catalysts and chemical, packaging, and labor for batch operations).
Health Economics
Law
- plural noun costs of producing a product or service which change according to the amount produced
Travel
- plural noun production costs which increase with the quantity of the product made or service provided, such as raw materials for meals, guest bedroom cleaning and linen or wages for extra casual staff
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