Mathematics · Cost Accounting
A production worker is paid a fixed salary of $650 per month, plus an extra 5 cents for each unit produced during the month. Which of the following is the best description of this type of labor cost?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Semi-variable cost✓
- 2Step cost
- 3Fixed cost
- 4Variable cost
Correct answer
Semi-variable cost
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