Multiple Choice
Narrative 5-1
The following question(s) refer to the this equation analyzing the relationship of total cost to changes in machine hours.The following relationship was determined:
TC = $2,200 + $3X
Refer to Narrative 5-1.The TC in the above equation is an estimate of which of the following?
A) total variable costs.
B) total costs.
C) total fixed costs.
D) total machine hours.
Correct Answer:
Verified
Correct Answer:
Verified
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