Solved

The Following Cost Formula Was Developed Using Monthly Data for Montreal

Question 139

Multiple Choice

The following cost formula was developed using monthly data for Montreal Clothing Store.Total cost = $75,620 + ($242 × number of customers)
-Refer to the Figure.What does $242 represent?


A) the independent variable
B) the dependant variable
C) the intercept
D) the variable rate

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q22: Match each following terms with their correct

Q28: The following cost formula was developed using

Q99: Match each following terms with their correct

Q135: Lake Louise Company makes treadmills. The

Q136: Select the appropriate cost behaviour for each

Q143: Select the best description for the following:<br><br>

Q144: Which is a characteristic of the scattergraph

Q154: Using Microsoft Excel, the function INTERCEPT returns

Q165: Select the appropriate classification of each of

Q170: Match each following terms with their correct