A certain cost is described as ‘semi-variable’. What effect will a $20\%$ fall in activity have on the unit cost?
- Adecrease by $20\%$
- Bdecrease by less than $20\%$
- Cincrease by $20\%$
- Dincrease by less than $20\%$
Accounting 9706 · AS & A Level · Costs and cost behaviour
A certain cost is described as ‘semi-variable’. What effect will a $20\%$ fall in activity have on the unit cost?