They are costs that involve an element of both fixed and variable costs eg a telephone bill involves line rental (fixed) plus cost for calls made (variable)
Yes. Direct materials is a true or proportionately variable cost because the amount used during a period will vary in direct proportion to the level of production activity. Moreover, any amounts...
Semi variable cost is an expense which is both a fixed and variable cost. It shows similarities to telephone bills. One must pay line, rental and on top of that a price that depends on how heavy one...