2
Question
________ costs are partly fixed and partly variable in relation to output.
________ costs are partly fixed and partly variable in relation to output.
Open in App
Solution
The correct option is A Semi-variable
Semi variable cost is the cost which is partly fixed and partly variable. We may have an example of salary of production manager where a fixed monthly salary is paid along with an incentive per unit on the production over achieved against the target.
Semi variable cost is the cost which is partly fixed and partly variable. We may have an example of salary of production manager where a fixed monthly salary is paid along with an incentive per unit on the production over achieved against the target.
Suggest Corrections
1
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
