Semi-Variable Cost

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Semi-Variable Cost

A cost for an individual or company that consists of a fixed base cost and another cost that changes from time period to time period. For example, suppose one's landlord rolls utility costs together with the rent. One's rent thus becomes a semi-variable cost because one pays the rent (a fixed cost) and the electric, gas, and water bills (variable costs) together with the same check.
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The balance of the increase was primarily attributable to increased volume and the related benefit of increased leverage of fixed and semi-fixed costs over a higher revenue base.
Quarter-over-quarter, the cost increases are due to revenue mix and semi-fixed costs related to the hydraulic workover business in the Gulf of Mexico and Venezuela, and to start up expenses of $1.
This increase was principally attributable to increased revenues in both segments and the related positive impact of better leverage of fixed and semi-fixed costs over a higher revenue base.
The growth in margins as a percentage of revenue is due to an improved product mix and the spreading of fixed and semi-fixed costs over the higher sales volume.
This increase was principally attributable to the increased revenues in both segments and the related positive impact of increased leverage of fixed and semi-fixed costs over a higher revenue base.
The growth in margins as a percentage of revenue is due to an improved product mix and the spreading of fixed- and semi-fixed costs over the higher sales volume.
These decreases result primarily from the effects of product mix, of fixed and semi-fixed costs on lower hardware-based revenue levels in the current periods, and of a unit decrease in higher margin bundled system sales under the major automotive controls program.
Overton said that bakery margin comparisons will likely continue to be under pressure until early next year principally as a result of the increases in fixed and semi-fixed costs associated with the new production facility, as well as higher dairy-related ingredient costs.
5 million on a pretax basis (or 9 cents per share on an after-tax basis) and consist of the following items: the timing and amount of restaurant pre-opening cost amortization unfavorably impacted pretax income comparisons by approximately $636,000, or 4 cents per share; pre-opening costs are fully amortized over the 12-month period following the restaurant openings; higher fixed and semi-fixed costs related to the estimated four-fold capacity increase of the new bakery production facility were approximately $438,000, or 3 cents per share; and, incremental operating expenses of a transitional nature were experienced with the new bakery production facility during the quarter which totaled approximately $398,000, or 2 cents per share.
These decreases result primarily from the effect of fixed and semi-fixed costs on lower revenue levels in the current periods, as well as from a unit decrease in higher margin bundled system sales that are sold under the major automotive controls program.
The decline from prior year was the result of increased employee benefit expenses, higher freight costs and the impact of unfavorable leverage with lower volume on fixed and semi-fixed costs.
Centanni noted that as a result of the significant volume increases in petroleum product revenues, this business segment has leveraged its fixed and semi-fixed costs to generate substantial improvements in operating margins.