Cost classification

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April 3, 2020 at 9:12 am #566408
@shirumonicah27
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What is the difference between stepped fixed costs and semi variable costs?
April 3, 2020 at 9:50 am #566412
John Moffat
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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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