Advertisements
Advertisements
Questions
What is semi-variable cost?
What do you understand by ‘Semi-variable costs’?
Advertisements
Solution
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.
APPEARS IN
RELATED QUESTIONS
Give one example of Variable cost.
"A fixed cost is a cost that a business must pay whether it produces one product or a million. Regardless of output, the business must pay the same," amount spent to purchase a machinery is the example of ______ cost.
The cost which does not vary proportionately but do not remain constant with changes in the volume of output are known as ______ cost.
Telephone cost is an example of ______ cost.
______ cost is activity-based. It increases with increase in output.
Costs like rent, insurance etc. which do not change inspite of changes in the volume of output are ______ costs.
Give one example of semi-variable cost.
Distinguish between variable cost and semi-variable cost.
What is Fixed Cost?
What is Variable Cost?
