Multiple choice

Directions: Choose the correct option and complete the sentence.

Partly fixed and partly variable costs are called ______ costs.

  1. variable

  2. time

  3. period

  4. semi variable

  5. none of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Semi-variable costs contain both a fixed component (which remains constant regardless of activity) and a variable component (which changes in proportion to activity levels).

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