Fixed and Variable Rate Allowance - FAVR — A way of reimbursing employees who use their own or leased vehicles for work related activities. FAVR payments must be made at least quarterly. Certain restrictions on how and how much the vehicle must be used to qualify for the FAVR allowance… … Investment dictionary
variable costs — the costs additional to fixed costs of running a business, that can vary depending on the level of demand and activity. Glossary of Business Terms * * * A cost which varies with the volume of production or sales, such as the cost of raw… … Financial and business terms
Fixed cost — Fixed costs are business expenses that are not dependent on the level of production or sales. They tend to be time related, such as salaries or rents being paid per month . This is in contrast to Variable costs, which are volume related (and are… … Wikipedia
Variable Cost Ratio — Variable costs expressed as a percentage of sales. The variable cost ratio compares costs, which fluctuate depending on production levels, to the revenues made on those products. This ratio relates the specific costs to the revenues they generate … Investment dictionary
Variable cost — Decomposing Total Costs as Fixed Costs plus Variable Costs. Variable costs are expenses that change in proportion to the activity of a business.[1] Variable cost is the sum of marginal costs over all units produced. It can also be considered… … Wikipedia
Variable Cost — A corporate expense that varies with production output. Variable costs are those costs that vary depending on a company s production volume; they rise as production increases and fall as production decreases. Variable costs differ from fixed… … Investment dictionary
variable — An element in a model. For example, in the model RS&Pt+1 = a + b T bill t + et, where RS&Pt+1 is the return on the S&P in month t+1 and T bill is the T bill return at month t, both RS&P and T bill are variables because they change through time; i … Financial and business terms
Variable — A value determined within the context of a model. Also called endogenous variable. The New York Times Financial Glossary * * * ▪ I. variable var‧i‧a‧ble 1 [ˈveəriəbl ǁ ˈver ] noun [countable] something that affects a situation in a way that… … Financial and business terms
Variable universal life insurance — (often shortened to VUL) is a type of life insurance that builds a cash value. In a VUL, the cash value can be invested in a wide variety of separate accounts, similar to mutual funds, and the choice of which of the available separate accounts to … Wikipedia
semi-variable cost — An item of expenditure that has elements of both *fixed and *variable costs. For example, the cost of gas supply tends to comprise a fixed charge, irrespective of the level of usage, and a variable element linked to the level of consumption … Auditor's dictionary
fixed costs — costs, which are incurred by a business whether it is operating to generate income or not and which do not necessarily increase or decrease as a total volume of production, increases or decreases. Rent, for example, must be paid whether or not… … Financial and business terms