ICSE Class 10 Commerce 2019 Solved Papers

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Question : 12
Total: 31
What do you understand by 'Semi-variable Costs'?
Solution:  
Semi variable costs are those costs which vary but not in direct proportion to changes in the volume of production. They are a combination of fixed and variable costs. Such costs are neither perfectly fixed nor absolutely variable.
For Example : Telephone charges : Rent remains fixed whereas the charges for calls made during a month are variable.
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