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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On the production time basis, the direct material costs would be fixed as the order size is fixed, whereas on the production quantity basis the material costs would still be a variable cost and maintenance costs would tend to be a semi-variable cost on the time based system.
However, cash distributions to unitholders may decline at a faster rate than the rate of production due to fixed and semi-variable costs attributable to the underlying properties, or if expected future development is delayed, reduced or cancelled.
In addition, cash distributions to unitholders may decline at a faster rate than the rate of production due to fixed and semi-variable costs attributable to the underlying properties.
COGS per barrel continue to be negatively impacted by the absorption of fixed and semi-variable costs across lower production volumes.
Fixed costs (such as depreciation, insurance and rent) and semi-variable costs did not decrease proportionately to the decrease in the production and sales volume.
The decrease in restaurant operating costs as a percentage of revenues was primarily related to favorable food and beverage costs and the leveraging of certain fixed and semi-variable costs.
As a result, we project very substantial increases in 2005 revenues and higher gross margins as fixed and semi-variable costs are more readily absorbed and seasonal down times are minimized.
Gross margin in the prior period was significantly higher because as sales increased, fixed costs such as depreciation and certain semi-variable costs such as fringe benefits and maintenance expenses did not increase proportionately.
The increase as a percentage of revenue was due to the relatively higher levels of fixed and semi-variable costs related to the Company's remote international mineral exploration operations.