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

  • (written as Variable Costs)
    These are costs that vary as the output rate varies.

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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