Multiple Choice
Based on analyzing the relationship of total factory overhead (Y) to direct labor hours (X) . The following relationship was found:
Y = $1,000 + $2X
The variable Y in the equation is an estimate of:
A) Total variable costs.
B) Total factory overhead.
C) Total fixed costs.
D) Total direct labor hours.
Correct Answer:
Verified
Correct Answer:
Verified
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