Which statement is true concerning semi-variable costs?
A)Semi-variable costs contain both fixed and random components.
B)Semi-variable costs contain both random and variable components.
C)Semi-variable costs contain both fixed and variable components.
D)Semi-variable costs contain either fixed or variable components.

Question

Quizplus · Accepted Answer

Semi-variable costs contain both fixed and variable components. This means that a portion of the cost is constant and does not change with the level of activity, while the other portion varies with the level of activity.

Which Statement Is True Concerning Semi-Variable Costs