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.
Correct Answer:

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a.fixed, $80,000
b.fixed, $80,...View Answer
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Correct Answer:
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b.fixed, $80,...
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