Sir, can you help me with question 12 from the paper based MA1 exam. The question showed the graph and asked how to determine the cost behavior for the total labour cost.
Answer: semi variable
How to i know its semi variable frm the graph?
Have you watched Sir John Moffat’s lectures on Cost Classification and Cost Behaviour?
These lectures are completely free and can be accessed using this link.
All types of costs and their behavior with changes in activity level are explained in these lectures. Kindly check them out.
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