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Which of the following is an example of semi-variable cost

This question belongs to Commerce Costing
Costing
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Which of the following is an example of semi-variable cost?

Answer & Solution
Correct Answer: Option C
Telephone expenses is an example of semi-variable cost. A semi-variable cost, also known as a semi-fixed cost or a mixed cost, is a cost composed of a mixture of both fixed and variable components.
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