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प्रश्न
Variable cost is a cost that ______.
विकल्प
Changes with the level of output.
Remains same at all levels of output.
Either changes with the level of output or remains same at all levels of output.
None of these.
उत्तर
Variable cost is a cost that changes with the level of output.
Explanation:
Variable expenses are directly related to the degree of production or output. Variable costs rise with increased production and fall with decreased production. Variable costs include raw supplies, direct labour costs, and production-related utility charges.
संबंधित प्रश्न
Write a short note on Direct costs.
A firm has to pay a fixed rent of ₹ 500 for the postpaid mobile bill and further pay extra charges for the calls made in a month. Identify the type of cost mentioned here.
Describe cost on the basis of behaviour.
Overheads are often related to accounting concepts such as fixed cost and ______ cost.
Total variable cost per unit increases ______.
Which cost decreases with increase in the volume of output?
Which of the following cost is time based?
It refers to the expenses incurred on those items which are not directly chargeable to production. Salaries of timekeeper, foremen and watchmen are examples of this cost. This cost is incurred for the concern as a whole rather than a particular product.
Which definition best describes indirect costs?
Fixed cost is a cost which remains same at ______.
Distinguish between controllable and uncontrollable costs.
Distinguish between direct costs and indirect costs.
Distinguish between Direct Labour cost and Indirect Labour cost.
The term "variable costs" refers to ______.
Fixed cost is a cost which ______.
What do you mean by Semi-Fixed cost?
Classify cost according to its nature.
Write short notes on Variable Costs.
