Average Variable Costs Formula

Variable cost refers to the cost incurred in various business operations which aren't fixed and may change depending upon the change in volume of production It

A variable cost varies in relation to production volume or the services provided If no production or services are provided, then there are

fixed cost A variable cost is an ongoing business expense that is subject to change directly based on how much of product is made or sold If the total

cost of goods sold Cost is the monetary value of goods and services purchased by producers and consumers For example, a consumer typically equates cost with the price of a