Question: QUESTION 11: (S1) Semi variable costs are costs that have variable and fixed components and they vary directly with the volume of sales or production

QUESTION 11: (S1) Semi variable costs are costs that have variable and fixed components and they vary directly with the volume of sales or production (S2) Variable costs are costs that vary directly and proportionately with volume of sales or production. lOnly S1 is correct Only S2 is correct lBoth S1 and S2 are correct lBoth S1 and S2 are not correct

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