Semi variable cost

Semi variable cost,

Definition of Semi variable cost:

  1. A cost that varies with the level of output.

  2. Production cost (1) that remains fixed up to a certain volume, after which it becomes variable, (2) the total of which responds less than proportionately to changes in volume of activity, or (3) which has both a fixed cost element (such as monthly rental for a phone line) and a variable cost element (call charges). Also called mixed cost.

How to use Semi variable cost in a sentence?

  1. This drop in variable costs has helped to lift profit margins.

Meaning of Semi variable cost & Semi variable cost Definition