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LSDefine

Simple English definitions for legal terms

variable cost

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A quick definition of variable cost:

A variable cost is a cost that changes depending on how much of a product or service is being produced. For example, if a company makes more products, they will have to spend more money on materials and labor. This is different from a fixed cost, which stays the same no matter how much is produced. Variable costs can be important for businesses to understand because they can affect how much profit they make.

A more thorough explanation:

Variable cost is a type of cost that changes depending on the level of production or business activity. This means that as production increases, variable costs also increase, and as production decreases, variable costs decrease as well.

For example, if a company produces 100 units of a product, the variable cost may be $10 per unit, resulting in a total variable cost of $1,000. If the company decides to produce 200 units, the variable cost may increase to $12 per unit, resulting in a total variable cost of $2,400.

Variable costs can include expenses such as raw materials, labor, and shipping costs. These costs are directly related to the production or sale of a product or service.

Understanding variable costs is important for businesses because it helps them determine the break-even point, which is the level of production at which total revenue equals total costs. By knowing the variable cost per unit, a business can calculate the break-even point and make informed decisions about pricing and production levels.

variable annuity contract | variable rate

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windyMagician
11:09
shaq hows ur love life going? any updates?
shaquilleoatmeal
11:14
damn couldnt even get to Christmas dinner before this question lmao im not looking for anything serious rn so no updates lol
11:14
i made out with my ex in a stairwell the other day if you care. my only update
shaquilleoatmeal
11:14
oof
shaquilleoatmeal
11:14
twitter ex or a different ex
11:15
different ex
windyMagician
11:15
since its not Twitter dude I'll forgive it
shaquilleoatmeal
11:17
at least you did that before the new year, cant carry that baggage in 25
11:17
I think he thinks if I move to nyc we’re going to get back together
11:17
that’s not my plan tbh
jackfrost11770
11:18
this is so funny
shaquilleoatmeal
11:19
lmao damn wish id be classmates with this dude
shaquilleoatmeal
11:20
@cheriebomb: you never know what the future holds
jackfrost11770
11:20
also cherie fallen soldier
jackfrost11770
11:20
i got home at 8 am from the club and my neighbor was leaving to go biking. truly living in different worlds
11:20
i don’t fw him that heavy tbh
11:21
i get along better with his friends than i do with him
windyMagician
11:21
nah the hiking in Nike blazers deserves jail time
11:21
he was already vomiting and shitting in a hole I think he did his penance
windyMagician
11:26
call that restorative justice
11:35
they put a place in the UK second. I don’t trust their methodology
shaquilleoatmeal
11:35
im laughin cause it definitely isnt but the fact that some people this it is is comical
shaquilleoatmeal
11:35
tink*
shaquilleoatmeal
11:35
think jee
shaquilleoatmeal
11:35
jeez - im over it
11:37
imagine saying you want to go to boston for christmas 💀
shaquilleoatmeal
11:40
imagine you not wanting to go what lmao
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