Semi-variable cost: Difference between revisions
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An example of this would be a telephone bill with a fixed line rental plus a rate per unit used. | 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. | 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 == | == See also == | ||
* [[Fixed cost]] | * [[Fixed cost]] | ||
* [[Variable cost]] | * [[Variable cost]] | ||
Revision as of 11:42, 20 August 2013
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.
