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variable cost
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variable cost

Cost of production materials, fuel, and so on which varies directly with the volume of output. For example, steel is a direct cost for a car manufacturer because if twice the number of cars are produced, twice the amount of steel will be used in the production process.



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After all, it can be accomplished with just three data elements: Actual or Projected Sales, Total Fixed Costs, and Total Variable Costs.
]C TC (3) Where: TR = Total Revenue TVC = Total Variable Cost TC = Total Cost Data analysis Socio-economic characteristics: Table 1 shows the age distribution of respondents in the study area.
 
 
 
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