SEMIVARIALBLE COST Definition

Bookmark and Share

SEMIVARIALBLE COST is one that varies with changes in volume, but, unlike variable cost, does not vary in direct proportion. This component contains both fixed and variable elements, e.g., a rented vehicle may have a rental fee (fixed), but contain a mileage adder (variable).

Learn new Accounting Terms

SKATIKAS (SKATIKU, SKATIKAI) is a currency of Lithuania.

EFFECTIVENESS is producing a desired outcome. An audit procedure is effective if the evidence supports a correct conclusion.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.