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What are Variable Costs
Variable Costs are costs dependent on the amount of goods produced or services provided. Their volume is directly proportional to the amount of volume of products or services.

Variable Costs are costs dependent on the amount of goods produced or services provided. Their volume is directly proportional to the amount of volume of products or services. Variable costs increase in line with the growing volume of production, as opposed to fixed costs. Typically, it is the price of material or the consumption of human labor needed to produce an individual product or service.

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Last update: 07.09.2015

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