Difference Between Absorption & Variable Costing
780 words 2 pages

Difference between Variable & Absorption Costing When it comes to managerial accounting, the way that information is presented can affect decision-making for a business. In a manufacturing environment, companies can use absorption costing or variable costing when accounting for the costs of products produced. While these methods are similar, they have some key differences that […]

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Cost Accounting Inventory Variable Cost
Harrington: Cost and Variable Costs
853 words 2 pages

Harrington Case Analysis Issue Stagnant sales performance has caused Harrington Collection to explore new avenues for improved performance, including the launch of a new active-wear line. Recognizing an emerging trend of low price and rapid style turnover in the women’s apparel market, along with tremendous growth in the active-wear segment, Harrington needs to work strategically […]

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Brand Outsourcing Variable Cost
Andre’s Hair Styling
454 words 1 page

Andre of Andre’s Hair Styling is evaluating his business and has provided the following information about his company. Andre has five barbers working for him (Andre is not one of them). Each barber is paid $9. 90 per hour and works a 40-hour week and a 50-week year, regardless of the number of haircuts. Rent […]

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Accounting Business Business Process Costs Finance Fixed Cost Management Management Accounting Marketing Variable Cost
Cvp Analysis
589 words 2 pages

A cost-volume-profit analysis is a vital factor to a company. It is very important to profit planning. Cost-volume-profit (CVP) analysis is the study of the effects of changes in cost and volume on a company’s profits. It is also a factor in management decisions such as setting selling prices, determining product mix, and maximizing use […]

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Accounting Business Business Operations Business Process Company Cost Accounting Costs Earnings Financial Accounting Management Management Accounting Marketing Variable Cost
Cost Descriptors
949 words 2 pages

Introduction This paper will clarify the various terms used to describe costs, such as fixed, variable, direct, indirect, and sunk, giving examples of each to help a good understanding of current budget discussions. These concepts will help HR Management with an understanding of making effective budget decisions for its company, since they need to have […]

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Business Business Operations Business Process Cost Accounting Expense Management Variable Cost
Process Costing
720 words 2 pages

EXERCISE 3–1: Process Costing and Job-Order Costing Which method of determining product costs, job-order costing or process costing, would be more appropriate in each of the following situations? An Elmer’s glue factory. A textbook publisher such as McGraw-Hill. An Exxon oil refinery. A facility that makes Minute Maid frozen orange juice. A Scott paper mill. […]

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Business Coffee Cost Accounting Electricity Energy Variable Cost

Popular Questions About Variable Cost

What does variable or Semivariable costs mean?
Semi variable costs refer to costs incurred by a company, which is a combination of fixed and variable costs. Also known as mixed cost or semi-fixed cost, this type of cost is common across several industries and sectors.
What is variable and fixed cost?
Variable costs and fixed costs, in economics, are the two main types of costs that a company incurs when producing goods and services. Variable costs vary with the amount of output produced, and fixed costs remain the same no matter how much a company produces.
What is variable cost answer?
What Is Variable Cost? Variable costs are the direct costs that a company incurs when producing goods or services. These costs are directly proportional to the quantity of goods or services produced. As a company's production output increases, the variable costs increase. As output decreases, variable costs decrease.