Everything comes at a cost, rightly said! Every company or business that produces something has to incur a specific total cost to produce it. Copy the link given below and paste it in new browser window to get more information on Variable Cost:- http://www.transtutors.com/homework-help/accounting/variable-cost.aspx

1. Changes with every unit change
in production

2.  Variable cost increases with increase in output and vice versa
 Gives an upward sloping curve when plotted on graph

3. Relationship with output
• Variable cost changes and fixed cost don’t
Relevance in decision making
• Variable cost relevant and fixed
irrelevant

4.  Costs which are neither fixed nor variable
 They change with a change in level of production
 Relevant for decision making

5. Variable costs should be well planned to ensure profits in the long run.

6. THANK YOU

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