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Other costs, such as transportation and even storage of the inventory, are also considered to be inventoriable. For a manufacturing operation, determining the cost of inventory on hand will begin with the actual unit cost of every item that is maintained within an inventory.
Definition: Variable costs are production costs that change in proportion to the amount of goods that are produced. In other words, for every good that is produced, variable costs increase by the same amount. In any production process, manufacturers incur a variety of costs. Cost accountants and managers usually split these costs into two main categories: variable costs and fixed costs. Example A good example of variable costs for a piano manufacturer is the cost of piano keys.