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Compute the Estimated Costs for Each of the Following Equations

Question 24

Essay

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

Correct Answer:

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A. FIXED, $40,000
b. fixed, $4...

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