Explore topic-wise InterviewSolutions in Accounts and Finance.

INFO: Full form for VC is Value and Computation in Accounts and Finance category
VC also has other full forms in other categories mentioned below.

Variable costs are costs that change as the quantity of the good or service that a business produces changes. Variable costs are the sum of marginal costs over all units produced. They can also be considered normal costs. Fixed costs and variable costs make up the two components of total cost. Direct costs are costs that can easily be associated with a particular cost object. However, not all variable costs are direct costs. For example, variable manufacturing overhead costs are variable costs that are indirect costs, not direct costs. Variable costs are sometimes called unit-level costs as they vary with the number of units produced.

Direct labor and overhead are often called conversion cost, while direct material and direct labor are often referred to as prime cost.

In marketing, it is necessary to know how costs divide between variable and fixed. This distinction is crucial in forecasting the earnings generated by various changes in unit sales and thus the financial impact of proposed marketing campaigns. In a survey of nearly 200 senior marketing managers, 60 percent responded that they found the "variable and fixed costs" metric very useful.

The level of variable cost is influenced by many factors, such as fixed cost, duration of project, uncertainty and discount rate. An analytical formula of variable cost as a function of these factors has been derived. It can be used to assess how different factors impact variable cost and total return in an investment.

Total may refer to:

INFO: Full form for SF is Surcharge Free in Accounts and Finance category
SF also has other full forms in other categories mentioned below.

The European Structural and Investment Funds (ESI Funds, ESIFs) are financial tools set up to implement the regional policy of the European Union. They aim to reduce regional disparities in income, wealth and opportunities. Europe's poorer regions receive most of the support, but all European regions are eligible for funding under the policy's various funds and programmes. The current Regional Policy framework is set for a period of seven years, from 2021 to 2027.

INFO: Full form for SAFE is Secure Automated Financial Exchange in Accounts and Finance category
SAFE also has other full forms in other categories mentioned below.

INFO: Full form for RP is Regular Price in Accounts and Finance category
RP also has other full forms in other categories mentioned below.

INFO: Full form for RP is Risk Premium in Accounts and Finance category
RP also has other full forms in other categories mentioned below.

INFO: Full form for SAC is Standards Advisory Council in Accounts and Finance category
SAC also has other full forms in other categories mentioned below.

INFO: Full form for SAC is Same As Cash in Accounts and Finance category
SAC also has other full forms in other categories mentioned below.