INTERVIEW QUESTIONS ACCOUNTS COST ACCOUNTING DETAILS

Question: What are variable costs?

Answer: Variable cost or Marginal cost is the cost that is directly proportionate to the number of units being produced (unit being a Tangible item produced or an Intangible service that is provided). It increases proportionately if the number of units that are being produced/provided are increased and decreases proportionately when the number of units that are being produced/provided are decreased.

Variable cost or Marginal cost is the cost that is directly proportionate to the number of units being produced (unit being a Tangible item produced or an Intangible service that is provided). It increases proportionately if the number of units that are being produced/provided are increased and decreases proportionately when the number of units that are being produced/provided are decreased. Source: CoolInterview.com

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