What is a semivariable cost, and how is it typically managed within an organization?

A semivariable cost is a cost that varies proportionately with the level of output or sales, and is typically managed by reducing production during low$-$demand periods

A semivariable cost is a fixed cost that does not change with production volume and is managed through long$-$term financial planning

A semivariable cost is a cost that has both fixed and variable components, and is typically managed by analyzing cost behavior and adjusting budgets accordingly

A semivariable cost is directly correlated with the time spent on production and is managed by optimizing employee work schedules