| Semi-Variable Cost | |
 A cost composed of a mixture of fixed and variable components. Costs are fixed for a set level of production or consumption, becoming variable after the level is exceeded. Also known as a "semi-fixed cost." |
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 This type of cost is variable in the sense that greater levels of production increase total cost. If no production occurs, then a fixed cost is still incurred. Labor costs in a factory are semi-variable. The fixed portion is the wage paid to workers for their regular hours. The variable portion is the overtime pay they receive when they exceed their regular hours. |
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 Understanding The Income Statement - Want to know about a company's profitability? Then make sure you know how to read this component of the financial statements. Introduction to Fundamental Analysis - Here's an easy-to-understand tutorial on the techniques of analyzing a company's financial statements, including the annual and quarterly reports, the auditor's report, and much more. Advanced Financial Statement Analysis - Learn what it means to do your homework before investing in a company. Get a deeper understanding of the structure of financial statements and what they tell you about a company's performance and reporting practices. The Bottom Line On Margins - Take a deeper look at a company's profitability with the help of profit-margin ratios. |
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