anyone can tell me what is semi fixed costs?

Question

about semi fixed cost for cost accounting..

Answer 1

Semi-fixed cost is another name for mixed cost, also known as semi-variable cost.

Some costs have characteristics of both fixed and variable costs. For e.g., a company pays a fee of $1,000 for the 1st 800 local phone calls in a month and $0.10 per local call made above 800. During March, a co. made 2,000 local calls. Its phone bill will be $1,120 ($1,000 + (1,200 x $0.10)). The phone bill is therefore fixed up to 800 calls. Even if you made only 600 calls, the bill will still be $1,000. Beyond 800 calls, the cost is variable at $0.10 per call. The chapter on this at the attached site will clarify this.

Answer 2

Semi Fixed Cost

Answer 3

This Site Might Help You.

RE:
anyone can tell me what is semi fixed costs?
about semi fixed cost for cost accounting..

Answer 4

If I remember correctly, there's a fixed amount every month with other charges as well. An example could be a phone bill. There is a monthly fixed charge plus amounts for long distance, etc., which is variable from month to month.

Answer 5

Oh boy I took cost accouning 2 years ago... semi variable and semi fixed...I hope I remembered right

Answer 6

the Boss is right, the phone bill would be excellent example

:)

Cost components

Direct raw material costs -- costs of raw materials used to make a specific product.
Direct labour costs -- costs of labour used to make a specific product.
Overheads -- costs that cannot be charged directly to a specific product.
Fixed overheads -- stable costs that occur regardless of whether or not goods are being produced (i.e. rent of factory). These are allocated according to the number of machine hours.
Variable overheads -- changeable overhead costs that vary according to the number of goods produced (i.e. water and lights). These are allocated according to the number of labour hours.
Indirect raw material costs -- costs of raw materials whose role in the manufacturing of a product cannot be easily determined (i.e. glue).
Indirect labour costs -- costs of labour that cannot be charged to a particular product (i.e. the floor sweeper in a factory).
Primary production costs = direct labour + direct raw materials
Overhead expenses = fixed overheads + variable overheads
Total production costs = primary production costs + overhead expenses

Answer 7

sounds like a con