Discussion
A semi-variable cost is one containing
Answer: C
Correct answer: a fixed element and a variable element
A semi-variable or mixed cost has a standing charge plus a usage charge - a telephone line rental with call charges, a maintenance contract with additional call-outs, supervision with overtime. Before break-even analysis can be applied such costs must be split into their two parts, usually by the high-low method or by regression on past data.
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