what is variable income
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Australian Bureau of Statistics For example; 'income' is a variable that can vary between data units in a population (i.e. the people or businesses being studied may not have the same incomes) and can also vary over time for each data unit (i.e. income can go up or down). A continuous variable is a numeric variable.
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Visit the Child Support Web Page for more information Definition of Income Income is defined as any periodic form of payment due an individual, regardless of source, including wages and salaries, commissions, bonuses, Workers' Compensation, disability, payments pursuant to a pension or retirement program, severance pay and interest.
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- Variable costs are expenses that fluctuate proportionally with the quantity of output. Variable costs are directly tied to the activities of producing volume, which rises when those activities increase and falls when activities decrease. This effect can be related to materials, labor, and sales commissions.efinition of Variable Cost. Variable costs are expenses that fluctuate proportionally with the quantity of output. Variable costs are directly tied to the activities of producing volume, which rises when these activities increase and falls when activities decrease.
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What's the Difference Between Fixed & Variable Expenses The Definition of Variable Costs. Variable expenses represent those daily spending decisions like eating at a restaurant, buying clothes, drinking Starbucks, and playing a round of golf with your buddies. These costs are not considered variable because they’re discretionary. Rather, they're variable because the amount that you spend differs from month-to-month. While most variable costs represent discretionary spending (such as restaurants, Starbucks, and golf), some variable costs represent necessities.
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- Variable costs are those that depend on the number, size, and quality of courses and those that depend on the number of students in the course. The first group includes the salaries of part-time staff (which vary with the length and nature of the course) and transmission costs (which vary with the length of the course).
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Variable, fixed and mixed (semi-variable) costs A cost that changes, in total dollar amount, with the change in the level of activity is called variable cost. A common example of variable cost is direct materials cost. Consider the following example to understand how variable cost behaves in a manufacturing company.
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Definition of VARIABLE EXPENSES Definition of VARIABLE EXPENSES. Those that vary with the amount of goods you produce or sell. These may include utility bills, labor, etc. expenses that change with changes in either sales volume. or sales revenue, in contrast to fixed expenses that remain the same. over the short run and do not fluctuate in response to changes in sales. volume or sales revenue.
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What is a 'Variable Cost' Examples of variable costs are sales commissions, direct labor costs, cost of raw materials used in production, and utility costs. The formula for variable cost is given as: Total variable cost = Quantity of output x Variable cost per unit of output. Variable Cost Example For example, let’s assume that it costs a bakery $15.00 to bake a cake - $5.00 for raw materials such as sugar, milk, and flour, and $10.00 for the direct labor involved in baking 1 cake.
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- Term total variable cost Definition: Cost of production that changes with changes in the quantity of output produced by a firm in the short run. Total variable cost is one part of total cost.
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variable cost (redirected from Variable Expense) Also found in: Dictionary, Wikipedia. A cost that is directly proportional to the volume of output produced. When production is zero, the variable cost is equal to zero. A cost to a person or business that varies over time according to a number of factors.
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Revenue Vs. Total Cost Vs. Variable Cost Variable costs are costs that change as the output of the company changes. For example, a company that manufactures homes will have higher costs for lumber as the number of homes that are built increases. Because the cost increases over the number of homes produced, this is a variable cost.
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Yalla 1 Yalla-y-Poora, a town in Shire of Ararat, Australia.  2 Yalla-y-Poora is a painting by Eugene von Guerard, now in the Joseph Brown Collection on display at the National Gallery of Victoria.
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unearned income Unearned income (revenue) Income received in advance of the time at which it is earned, such as prepaid rent. Income from a venture in which an individual does not directly participate. The most common types of passive income are rents and income from a limited partnership.
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Variable Cost: Definition, Formula & Examples Definition of Variable Cost. Variable costs are expenses that fluctuate proportionally with the quantity of output. Variable costs are directly tied to the activities of producing volume, which rises when these activities increase and falls when activities decrease.his cost per unit is the variable cost of each variable unit produced, or in other words the additional cost incurred for the production of each spark plug. For example, if the business produced 1,000 more units, it would expect to incur additional production costs of $180.
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What is 'Passive Income' A Passive income is earnings derived from a rental property, limited partnership or other enterprise in which a person is not actively involved. A Passive income is earnings derived from a rental property, limited partnership or other enterprise in which a person is not actively involved. As with non-passive income, passive income is usually taxable. However, it is often treated differently by the Internal Revenue Service (IRS).
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What is 'Fixed Income' A type of investing or budgeting style for which real return rates or periodic income is received at regular intervals at reasonably predictable levels. Fixed-income budgeters and investors are often one and the same-typically retired individuals who rely on their investments to provide a regular, stable income stream.This demographic tends to invest heavily in fixed-income investments because of the reliable returns they offer.Next Up.ndividuals who live on set amounts of periodically paid income face the risk that inflation will erode their spending power. Fixed-income investors receive set, regular payments that face the same inflation risk.
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- Definition: Variable contribution margin is the margin that results when variable production costs are subtracted from revenue. It is most useful for making incremental pricing decisions where an entity must cover its variable costs, though not necessarily all of its fixed costs.
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The Different Faces of the Variable Interest Rate A variable interest rate is just what it sounds like: an interest rate that varies over time. It’s the opposite of a fixed interest rate, which remains the same over time. Variable interest rates are generally used by financial institutions to move the rates on their products up and down as the market conditions change.
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- A variable input is a resource or factor of production which can be changed in the short run by a firm as it seeks to change the quantity of output produced. Most firms use several variable inputs in short-run production, especially labor, material inputs, and energy.he most common example of a variable input is labor. Variable inputs provide the means used by a firm to control short-run production. The alternative to variable input is fixed input. A fixed input, like capital, provides the capacity constraint in production.
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- Fixed Income. Loading the player... What is 'Fixed Income'. Fixed income is a type of investing or budgeting style for which real return rates or periodic income is received at regular intervals and at reasonably predictable levels. Fixed-income investors are typically retired individuals who rely on their investments to provide a regular, stable income stream.
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- Variable costs are corporate expenses that vary in direct proportion to the quantity of output. Unlike fixed costs, which remain constant regardless of output, variable costs are a direct function of production volume, rising whenever production expands and falling whenever it contracts.ome costs change in a piecewise manner as output changes and therefore may not remain constant per unit of output. Also, note that many cost items have both fixed and variable components. For example, management salaries typically do not vary with the number of units produced.
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A under variable costing net operating income for A. Under variable costing, net operating income for Year 1 and Year 2 would be the same. B. Because of the changes in production levels, under variable costing the unit product cost will change each year. C. The total net operating income for all four years combined would be the same under variable and absorption costing.
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variable expenses definition variable expenses. Expenses that vary with some activity. For example, sales commissions expense and cost of goods sold will be greater when sales are greater; electricity expense will decrease when machine hours are reduced.xpenses that vary with some activity. For example, sales commissions expense and cost of goods sold will be greater when sales are greater; electricity expense will decrease when machine hours are reduced.
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Fixed income Fixed income. From Wikipedia, the free encyclopedia. Fixed income refers to any type of investment under which the borrower/issuer is obliged to make payments of a fixed amount on a fixed schedule: for example, the borrower has to pay interest at a fixed rate once a year, and to repay the principal amount on maturity.he term fixed income is also applied to a person's income that does not vary materially over time.
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What is 'Taxable Income' What is 'Taxable Income'. Taxable income is the amount of income used to calculate an individual's or a company's income tax due. Taxable income is generally described as gross income or adjusted gross income minus any deductions or exemptions allowed in that tax year. Taxable income includes wages, salaries, bonuses and tips, as well as investment income and unearned income.
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What is 'Earned Income' DEFINITION of 'Earned Income'. Income derived from active participation in a trade or business, including wages, salary, tips, commissions and bonuses. This is the opposite of unearned income.