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प्रश्न
"Some costs are semi-variable in nature." Comment.
Some costs are semi-variable in nature. Justify either for or against.
Some costs are semi-variable in nature. Justify either for or against and give a reason.
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उत्तर
- Definition: Semi-variable costs, often called mixed costs, include both fixed and variable components.
- Fixed Component: Part of the cost is constant, independent of production or activity.
- Variable Component: Part of the cost fluctuates according to output volume or activity level.
- Example: Utility bills frequently include a fixed base price and a variable charge based on usage.
- Behaviour: Semi-variable expenses fluctuate in total but not proportionally to changes in output or activity levels.
- Management: Understanding semi-variable costs is critical for budgeting, forecasting, and decision-making.
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संबंधित प्रश्न
Write a short note on direct costs.
A firm has to pay a fixed rent of ₹ 500 for the postpaid mobile bill and further pay extra charges for the calls made in a month. Identify the type of cost mentioned here.
Overheads are often related to accounting concepts such as fixed cost and ______ cost.
Variable cost is a cost that ______.
Wages paid to a labour who was engaged in the production activities can be termed as ______.
Which of the following best describes a fixed cost?
Distinguish between controllable and uncontrollable costs.
Distinguish between shut down cost and sunk cost.
What do you mean by Semi-Fixed cost?
Classify cost according to its nature.
