what do you mean by semi-variable cost?
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Answer / venkataiah
partially varaible and partially fixed.example elect bills
and tlephone bills.
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A variable cost is any expenditure that varies in direct
proportion to a change in the level of productive activity.
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Answer / raghunadh
it is the cost mix of variable cost and fixed cost
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Answer / bantu singh
Semi verifiable cost is fixed at the certain level than
increases after that level achieved for eg. telephone bill
there is certain charges like monthly rent of Rs 300/- and
in which 1000 minutes are free beyond that 1000 calls some
charges will be there
then 300/- will be fixed for up to 1000 calls and after that
it becomes variable.
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hdn Systems Pvt. Ltd., manufactures a consumer durable which passes through two processes M and N. From the following details prepare necessary process ledger accounts bringing out clearly the cost of the product at each stage. Process ‘M’ Process ‘N’ Materials (Rs.) 30,000 3,000 Labour (Rs.) 10,000 12,000 Overheads (Rs.) 7,000 8,600 Input (units) 20,000 17,500 Normal loss 10% 4% Scrap value of loss (per unit) Re. 1.00 Rs. 2.00 There is no opening or closing W-I-P or stock at processes. Final output from the process ‘N’ was 17,000 units