Multiple Choice
Figure 3-1.Total cost = Fixed cost + (Variable Rate * Output)
-Refer to Figure 3-1. In the cost formula above which element would be the intercept?
A) fixed cost
B) total cost
C) output
D) variable rate
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: The slope of a mixed cost line
Q52: Select the appropriate item for each of
Q83: Select the appropriate item for each of
Q88: A cost that changes in total as
Q140: Why is managerial judgment essential to predicting
Q142: Spangle Company constructed the following cost formula
Q143: Figure 3-6.Taran Company incurred the following costs
Q145: Depreciation on factory equipment would be an
Q147: Calculation of the cost line using the
Q240: Computing unit fixed costs may result in