A symbol that indicates the variable cost rate and also the slope of a straight line. For example,
in the equation of the straight line, y = a + bx, 'b' represents the variable cost rate per unit of 'x'.
Join PRO or PRO Plus and Get Lifetime Access to Our Premium Materials
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. Read more about the author.