Semi-variable cost

From ACT Wiki
Revision as of 11:42, 20 August 2013 by imported>Doug Williamson (Spacing 20/8/13)
Jump to navigationJump to search

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