Business GCSE
Variable costs
What Variable costs means in Business GCSE, as defined for AQA.
Definitions of Variable costs
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Reference: AQA
Costs which vary with output and which combine with fixed costs to make total cost.
Costs that change directly with output, where each extra unit made adds more cost.
Costs that change directly with output, so each extra unit made adds more cost.
Costs which rise with output, such as raw materials.
Variable cost per unit × quantity produced or sold.
Expenses that change directly with output.
Topics that use Variable costs
- Business planning (AQA GCSE)
- Expanding a business (AQA GCSE)
- Financial terms and calculations (AQA GCSE)
Related terms
Using Variable costs in the exam
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