Variable Cost Law and Legal Definition
Variable costs are business expenses that change in proportion to the activity of a business such as sales, production volume, materials consumed, factory supplies, or depreciation. They are the sum of marginal costs over all units produced. Theoretically, variable cost is zero if there is no production.
Legal Definition list
Related Legal Terms
- Above the Line Costs (Entertainment Law)
- Absorption Costing
- Accelerated Cost Recovery System
- Acquisition Cost of an Item of Purchased Equipment
- Acquisition Cost of Equipment [Education]
- Activity-Based Costing
- Actuarial Cost Assumptions
- Actuarial Cost Method
- Administrative Cost of Issuing a Loan Guarantee
- Administrative Settlement Costs
