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Glossary For "V"

Variable Costs or Expenses
Expenses that vary according to the level of service provided or number of people served. Contraceptive expenses, for example, vary depending on the number of users of each method.

Vehicle Usage Report
A log that records vehicular use. It includes the date, destination, purpose of the trip, beginning and ending odometer reading, petrol purchases, and repairs. It is used to calculate the cost per mile or kilometer and to control and monitor costs.


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