How do you calculate variable costs?

Question added by Samer Khatib , Economics Moderator , Bayt.com
Date Posted: 2016/11/20

Upvote (0) Views (4) Followers (2) Answers (2) Report Question

by Bahaa Aziz , Accounting Manager , Mamiba Cosmetic

We can classify the cost to two categories Fixed and Variable costs are those that fluctuate with production volume like operation wages

Total Variable Cost = Total Quantity of Output x Variable Cost Per Unit of Output

Variable Cost Defined
Top Answer: D : is the correct answer. Variable cost varies with valume and stays fixed ... See More

Answers (3)
Which one of the following is an advantage of using variable costing?
Top Answer: Variable costing makes cost -volume relationships more easily apparent which is an advantage of using var ... See More

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Which of the following statements regarding graphs of fixed and variable costs is true?
Top Answer: Option D See More

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3. Which one of the following statements is true regarding absorption costing and variable costing?
Top Answer: B. If finished goods inventory increases, absorption costing results in higher income. The reason is that ... See More

Answers (1)

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