Which of the following statements is true:

Question

Quizplus · Accepted Answer

Semi-variable costs have both fixed and variable components. A) is not necessarily true as variable costs could also remain constant or increase at a different rate than revenue. B) is not true as fixed costs per meal sold may vary based on the occupancy rate and demand during different seasons. D) is not true as most variable costs are direct costs that are directly tied to the production or sale of goods/services.

Which of the Following Statements Is True