Title: Semi-variable cost
Content:  In accounting and economics, a semi-variable cost (also referred to as semi-fixed cost) is an expense which contains both a fixed-cost component and a variable-cost component. It is often used to project financial performance at different scales of production. It is related to the scale of production within the business where there is a fixed cost which remains constant across all scales of production while the variable cost increases proportionally to production levels. Using a factory as an example, fixed costs can include the leasing of the factory building and insurance, while the variable costs include overtime pay and the purchase price of the raw materials.
Title: Fixed cost
Content:   In accounting and economics, fixed costs, also known as indirect costs or overhead costs, are business expenses that are not dependent on the level of goods or services produced by the business. They tend to be recurring, such as interest or rents being paid per month. These costs also tend to be capital costs. This is in contrast to variable costs, which are volume-related (and are paid per quantity produced) and unknown at the beginning of the accounting year. Fixed costs have an affect on the nature of certain variable costs. For example, a retailer must pay rent and utility bills irrespective of sales. As another example, 
Title: Fixed cost
Content:  costing will allocate fixed costs to business activities for profitability measures. This can simplify decision-making, but can be confusing and controversial. In accounting terminology, fixed costs will broadly include almost all costs (expenses) which are not included in cost of goods sold, and variable costs are those captured in costs of goods sold under the variable costing method. Under full (absorption) costing fixed costs will be included in both the cost of goods sold and in the operating expenses. The implicit assumption required to make the equivalence between the accounting and economics terminology is that the accounting period is equal to the period in which fixed costs do not vary in relation to production. In 
Title: Profit maximization
Content:  Any costs incurred by a firm may be classified into two groups: fixed costs and variable costs. Fixed costs, which occur only in the short run, are incurred by the business at any level of output, including zero output. These may include equipment maintenance, rent, wages of employees whose numbers cannot be increased or decreased in the short run, and general upkeep. Variable costs change with the level of output, increasing as more product is generated. Materials consumed during production often have the largest impact on this category, which also includes the wages of employees who can be hired and laid off in the short-run span of time under consideration. Fixed 
Title: Glossary of economics
Content:  output quantity, Q). It is also equal to the sum of (total variable costs divided by Q) plus  (total  divided by Q). average fixed cost: The (FC) of production divided by the quantity (Q) of produced. Fixed costs are those costs that must be incurred in fixed quantity regardless of the level of output produced. average variable cost: A firm's (labour, electricity, etc.) divided by the quantity of produced. Variable costs are those costs which vary with the output. average tax rate: The ratio of the total amount of paid to the total (taxable income or spending), expressed as a percentage.
Title: Variable cost
Content:   Variable costs are costs that change as the quantity of the good or service that a business produces changes. Variable costs are the sum of marginal costs over all units produced. They can also be considered normal costs. Fixed costs and variable costs make up the two components of total cost. Direct costs are costs that can easily be associated with a particular cost object. However, not all variable costs are direct costs. For example, variable manufacturing overhead costs are variable costs that are indirect costs, not direct costs. Variable costs are sometimes called unit-level costs as they vary with the number of units produced. Direct labor and overhead are often called conversion cost, while direct material and direct labor are 
Title: Economic cost
Content: Variable cost: Variable costs are the costs paid to the variable input. Inputs include labor, capital, materials, power and land and buildings. Variable inputs are inputs whose use vary with output. Conventionally the variable input is assumed to be labor. ; Total variable cost (TVC) is the same as variable costs. ; Fixed cost (TFC) are the costs of the fixed assets those that do not vary with production. ; Total fixed cost (TFC) ; Average cost (AC) are total costs divided by output. AC = TFC/q + TVC/q ; Average fixed cost (AFC) is equal to total fixed cost divided by output i.e. AFC = TFC/q. The average fixed cost function continuously declines as production 
Title: Fixed cost
Content:  to know how costs divide between variable and fixed costs. This distinction is crucial in forecasting the earnings generated by various changes in unit sales and thus the financial impact of proposed marketing campaigns. In a survey of nearly 200 senior marketing managers, 60 percent responded that they found the "variable and fixed costs" metric very useful. These costs affect each other and are both extremely important to entrepreneurs. In economics, there is a fixed cost for a factory in the short run, and the fixed cost is immutable. But in the long run, there are only variable costs, because they control all factors of production.
Title: Semi-variable cost
Content:  A factory's costs are £11,600 during the busiest week, and £8,500 during the quietest week. The fixed cost is known to be £5,000, so the variable cost during the busy week (So the predicted total cost for the week would be £9,200.
Title: Cost accounting
Content:  in selected industries as notified by the government from time to time. In the early industrial age most of the costs incurred by a business were what modern accountants call "variable costs" because they varied directly with the amount of production. Money was spent on labour, raw materials, the power to run a factory, etc., in direct proportion to production. Managers could simply total the variable costs for a product and use this as a rough guide for decision-making processes. Some costs tend to remain the same even during busy periods, unlike variable costs, which rise and fall with volume of work. Over time, these "fixed costs" have become more important to managers. Examples of fixed 

Question: consist of the sum of the fixed and variable costs for any given level of production?
Answer: total cost (TC).