Advertisements
Advertisements
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
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.
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 changes as per the levels of production is ______.
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.
What is semi-variable cost?
Distinguish between variable cost and semi-variable cost.
What are fixed costs?
What is Variable cost?
