Quantcast
Processing math: 100%

Total Variable Cost

Last modified by
on
Jul 24, 2020, 6:28:07 PM
Created by
on
Jul 28, 2015, 8:59:43 PM
Total Variable Cost=Variable Cost per Guest⋅Number of Guests
vcg
ng
Tags
Operation Management Cost
UUID
91f336c9-356b-11e5-a3bb-bc764e2038f2

Total variable cost is the opportunity costincurred in the short-run production that depends on the quantity of output.

Resource:

  • Dopson, Lea R., and David K. Hayes. Managerial Accounting for the Hospitality Industry. Hoboken, NJ: Wiley, 2009. Print.
  • "Total Variable Cost." AmosWEB Is Economics: Encyclonomic WEB*pedia. N.p., n.d. Web. 07 Aug. 2015.
This equation, Total Variable Cost, is used in 1 page
  • Comments
  • Attachments
  • Stats
No comments
This site uses cookies to give you the best, most relevant experience. By continuing to browse the site you are agreeing to our use of cookies.