Which Statement Is True Concerning Semi-Variable Costs

question 90

Multiple Choice

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.

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Definitions:

Current Liabilities

Obligations or debts that a company needs to settle within one fiscal year or its operating cycle, whichever is longer.

Vertical Analysis

A method of financial statement analysis in which each entry for each of the three major categories of accounts, or financial statements, is represented as a proportion of the total account.

Net Income

The amount by which revenues exceed expenses.

Cost Of Goods Sold

The direct costs attributable to the production of the goods sold by a company.