Accounting · Cost Classification
A production worker is paid a fixed salary of £650 per month, plus an extra 5 cents for each unit produced during the month. How is this type of labour cost best described?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A variable cost
- 2A fixed cost
- 3A step cost
- 4A semi-variable cost✓
Correct answer
A semi-variable cost
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