InTents December/January 2020 - 51

To identify variable costs, consider the
expenses you incur only when providing
the product or service. These costs are
directly proportionate to the volume
of business or sales. In other words, a
variable cost is a corporate expense that
changes in proportion with production
output. Variable costs increase or decrease
depending on a company's production
volume; they rise as production increases
and fall as production decreases.
Examples of variable costs are direct labor,
attrition/consumables, truck and vehicle
rental fees, and travel expenses.
Determining whether a cost is ϐixed or
variable can be tricky. Is sales staff a ϐixed or

variable cost? What about transportation/
delivery? And how about warehouse staff,
including warehouse time for employees
who don't go on the road? Determining
which category these costs fall into
requires judgment and consistency.
Before examining different approaches
to job costing, there are a few other
accounting basics to consider.
Gross proϐit (GP) is the difference
between revenue and the cost of making
a product or providing a service, before
deducting overhead costs, payroll, taxes
and interest payments.

WANT MORE?
WE HAVE IT!
Search "job costing" at
www.InTentsMag.com

GP = Revenue (R) - Variable costs (Vc)

YOUR PARTNER IN SPECIAL EVENTS

INTENTIONAL
INNOVATION
AVAILABLE IN:
30'x30'
30'x45'
30'x60'

THE REVOLUTION
PARTY CANOPY
The FIRST Canopy with 15' Side Pole Spacing.
Half the side poles
Serious cost savings
Huge labor savings
Unbelievable ROI

EUREKAPARTYTENTS.COM
www.InTentsMag.com

51


http://www.InTentsMag.com http://www.EUREKAPARTYTENTS.COM http://www.InTentsMag.com

InTents December/January 2020

Table of Contents for the Digital Edition of InTents December/January 2020

InTents December/January 2020 - Cover1
InTents December/January 2020 - Cover2
InTents December/January 2020 - 1
InTents December/January 2020 - 2
InTents December/January 2020 - 3
InTents December/January 2020 - 4
InTents December/January 2020 - 5
InTents December/January 2020 - 6
InTents December/January 2020 - 7
InTents December/January 2020 - 8
InTents December/January 2020 - 9
InTents December/January 2020 - 10
InTents December/January 2020 - 11
InTents December/January 2020 - 12
InTents December/January 2020 - 13
InTents December/January 2020 - 14
InTents December/January 2020 - 15
InTents December/January 2020 - 16
InTents December/January 2020 - 17
InTents December/January 2020 - 18
InTents December/January 2020 - 19
InTents December/January 2020 - 20
InTents December/January 2020 - 21
InTents December/January 2020 - 22
InTents December/January 2020 - 23
InTents December/January 2020 - 24
InTents December/January 2020 - 25
InTents December/January 2020 - 26
InTents December/January 2020 - 27
InTents December/January 2020 - 28
InTents December/January 2020 - 29
InTents December/January 2020 - 30
InTents December/January 2020 - 31
InTents December/January 2020 - 32
InTents December/January 2020 - 33
InTents December/January 2020 - 34
InTents December/January 2020 - 35
InTents December/January 2020 - 36
InTents December/January 2020 - 37
InTents December/January 2020 - 38
InTents December/January 2020 - 39
InTents December/January 2020 - 40
InTents December/January 2020 - 41
InTents December/January 2020 - 42
InTents December/January 2020 - 43
InTents December/January 2020 - 44
InTents December/January 2020 - 45
InTents December/January 2020 - 46
InTents December/January 2020 - 47
InTents December/January 2020 - 48
InTents December/January 2020 - 49
InTents December/January 2020 - 50
InTents December/January 2020 - 51
InTents December/January 2020 - 52
InTents December/January 2020 - 53
InTents December/January 2020 - 54
InTents December/January 2020 - 55
InTents December/January 2020 - 56
InTents December/January 2020 - 57
InTents December/January 2020 - 58
InTents December/January 2020 - 59
InTents December/January 2020 - 60
InTents December/January 2020 - Cover3
InTents December/January 2020 - Cover4
https://www.nxtbook.com/ata/intents/intents-june-july-2024
https://www.nxtbook.com/ata/intents/intents-april-may-2024
https://www.nxtbook.com/ata/intents/intents-february-march-2024
https://www.nxtbook.com/ata/intents/intents-idea-book-2024
https://www.nxtbook.com/ata/intents/intents-december-2023-january-2024
https://www.nxtbook.com/ata/intents/intents-october-november-2023
https://www.nxtbook.com/ata/intents/intents-august-september-2023
https://www.nxtbook.com/ata/intents/intents-june-july-2023
https://www.nxtbook.com/ata/intents/intents-april-may-2023
https://www.nxtbook.com/ata/intents/-intents-february-march-2023
https://www.nxtbook.com/ata/intents/intents-idea-book-2023
https://www.nxtbook.com/ata/intents/intents-december2022-january-2023
https://www.nxtbook.com/ata/intents/intents-october-november-2022
https://www.nxtbook.com/ifai/intents/intents-august-september-2022
https://www.nxtbook.com/ifai/intents/intents-june-july-2022
https://www.nxtbook.com/ifai/intents/intents-april-may-2022
https://www.nxtbook.com/ifai/intents/intents-february-march-2022
https://www.nxtbook.com/ifai/intents/intents-december-2021-january-2022
https://www.nxtbook.com/ifai/intents/intents-october-november-2021
https://www.nxtbook.com/ifai/intents/intents-august-september-2021
https://www.nxtbook.com/ifai/intents/intents-june-july-2021
https://www.nxtbook.com/ifai/intents/intents-april-may-2021
https://www.nxtbook.com/ifai/intents/intents-february-march-2021
https://www.nxtbook.com/ifai/intents/1220IT
https://www.nxtbook.com/ifai/intents/1020IT
https://www.nxtbook.com/ifai/intents/0820IT
https://www.nxtbook.com/ifai/intents/0620IT
https://www.nxtbook.com/ifai/intents/0420IT
https://www.nxtbook.com/ifai/intents/0220IT
https://www.nxtbook.com/ifai/intents/1219IT
https://www.nxtbook.com/ifai/intents/1019IT
https://www.nxtbook.com/ifai/intents/0819IT
https://www.nxtbook.com/ifai/intents/0619IT
https://www.nxtbook.com/ifai/intents/0419IT
https://www.nxtbook.com/ifai/intents/0219IT
https://www.nxtbook.com/ifai/intents/1218IT
https://www.nxtbook.com/ifai/intents/1018IT
https://www.nxtbook.com/ifai/intents/0818IT
https://www.nxtbook.com/ifai/intents/0618IT
https://www.nxtbook.com/ifai/intents/0418IT
https://www.nxtbook.com/ifai/intents/0218IT
https://www.nxtbookmedia.com