Tag: production
Variable Cost
What is a 'Variable Cost' A variable cost is a corporate expense that varies with production output. Variable costs are those costs...
Variable Overhead Spending Variance
What is a Variable Overhead Spending Variance
A variable overhead spending variance is the difference between the actual amount of variable overhead incurred and the...
Variable Overhead
What is a 'Variable Overhead' Variable overhead is the indirect cost of operating a business, which fluctuates with manufacturing activity. For example,...
Variable Price Limit
What is 'Variable Price Limit' A schedule of price variations above or below the accepted limits determined by the commodities exchanges for...
Value-Added Tax (VAT)
What is a 'Value-Added Tax - VAT' A value-added tax (VAT) is a type of consumption tax that is placed on a...
Fair Trade Price
What is 'Fair Trade Price' Fair trade price is the minimum price paid for certain agricultural products imported from developing countries. Fair...
Farm Team
DefinitionIn sports, a farm team, farm system, feeder team, practice squad, or nursery club, is generally a team or club whose role is to...
Featherbedding
DefinitionFeatherbedding is the practice of hiring more workers than are needed to perform a given job, or to adopt work procedures which appear pointless,...
Farm Income
DefinitionIn United States agricultural policy, several measures are used to gauge farm income over a given period of time. Farm Income What is...
Warehousing
DefinitionA warehouse is a commercial building for storage of goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. They are...