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Given the Mixed- Cost Function Y = $350,000 + $25X

Question 167

Essay

Given the mixed- cost function Y = $350,000 + $25X and assuming that X = $9.000, answer the following questions:
a. What is the total fixed cost?
b. What is the total variable cost?
c. What is the total cost?

Correct Answer:

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a. $350,000
b. $25 x...

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