Compute the Estimated Costs for Each of the Following Equations

Essay

Compute the estimated costs for each of the following equations assuming the following costs for July:

In addition, state whether each is for a variable, fixed, or mixed cost.
a. Total estimated costs = intercept
b. Total estimated costs = constant
c. Total estimated costs = constant + (slope × cost driver)
d. Total estimated costs = slope coefficient × cost driver
In addition, state whether each is for a variable, fixed, or mixed cost.