Semi variable cost,
Definition of Semi variable cost:
A cost that varies with the level of output.
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?
- This drop in variable costs has helped to lift profit margins.
Meaning of Semi variable cost & Semi variable cost Definition