Solved

The Following Cost Formula Was Developed Using the Monthly Data

Question 133

Multiple Choice

The following cost formula was developed using the monthly data for Nova Scotia Accounting Firm.
Total cost = $87,100 + ($210 × number of tax returns)
-Refer to Nova Scotia Accounting Firm's cost formula.What does $87,100 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

Q28: The following cost formula was developed using

Q128: An automobile manufacturer changes from using skilled

Q129: Select the best description for the following:<br>-$12,000<br>A)Fixed

Q130: The cost accountant for Vancouver Company

Q132: What is a feature of mixed costs?<br>A)They

Q135: Lake Louise Company makes treadmills. The

Q136: Select the appropriate cost behaviour for each

Q149: Match each following terms with their correct

Q154: Using Microsoft Excel, the function INTERCEPT returns

Q165: Select the appropriate classification of each of