variable costs
(var-i-able-costs)
4 syllables
Definition
plural noun. costs that change in proportion to the level of goods or services produced by a business. they fluctuate based on production volume, such as raw materials and labor costs.
Example Sentence
The company had to carefully monitor its variable costs to maintain profitability as production levels changed.
More Example Sentences
Understanding variable costs is essential for budgeting and forecasting in a business.
Synonyms
fluctuating expenses; production costs; changeable costs
Antonyms
fixed costs; stable expenses; constant costs
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variable costs
