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Cost classification

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Cost classification

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by AvatarJohn Moffat.
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  • April 3, 2020 at 9:12 am #566408
    Avatar@shirumonicah27
    Participant
    • Topics: 3
    • Replies: 2
    • ☆

    What is the difference between stepped fixed costs and semi variable costs?

    April 3, 2020 at 9:50 am #566412
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54837
    • ☆☆☆☆☆

    Semi-variable costs are part fixed and part variable.

    Stepped fixed costs are costs that are fixed over a certain range but then increase and are fixed at a higher level.

    This is all explained, with examples, in my free lectures on cost classification and behaviour. The lectures are a complete free course for Paper MA and cover everything needed to be able to pass the exam well.

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