Multiple Choice
The linear equation Y = a + bX is often used to express cost formulas.
A) the a term represents variable cost in total.
B) the X term represents total cost.
C) the b term represents variable cost per unit of activity.
D) the Y term represents total fixed cost.
Correct Answer:
Verified
Correct Answer:
Verified
Q82: Reference: 06-07<br>Gargymal Company would like to
Q83: In describing the cost formula equation Y
Q84: The following data pertains to activity
Q85: Reference: 06-02<br>Comparative income statements for Boggs
Q87: Reference: 06-12<br>An income statement for Crandall's
Q88: In preparing contribution margin income statements when
Q89: Discretionary fixed costs usually arise from annual
Q90: Within the relevant range of activity, variable
Q91: The following data pertain to activity
Q108: Indirect costs,such as manufacturing overhead,are always fixed