total variable cost


The overall expense associated with producing a good or providing a service that change in direct proportion to the quantity produced or provided. The total variable cost of producing an item will typically include the cost of labor and raw materials used in the process.

Related Videos

Have a question about total variable cost? Ask for help in the
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z