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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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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