Semi-variable cost: Difference between revisions
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Revision as of 14:20, 23 October 2012
A semi-variable cost has a fixed element and a variable element.
An example of this would be a telephone bill with a fixed line rental plus a rate per unit used. If the total semi-variable cost were plotted on the y-axis of a graph, with the x-axis being the level of activity, the shape of the cost curve would be an upward-sloping ramp.
See also