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Question
The cost which does not vary proportionately but do not remain constant with changes in the volume of output are known as ______ cost.
Options
Variable
Semi-variable
Fixed
Routine
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Solution
The cost which does not vary proportionately but do not remain constant with changes in the volume of output are known as semi-variable cost.
Explanation:
Certain costs do not vary proportionately but do not remain constant with changes in the volume of output. These costs are known as semi-variable costs.
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