Y = a + bx which option describe this function? a. a- variable cost; b- level of activity , x- fixed cost b. None of the answers given c. a- variable cost; b- fixed cost, x- level of activity d. a- level of activity; b- variable cost , x- fixed cost

Y = a + bx which option describe this function? a. a- variable cost; b- level of activity , x- fixed cost b. None of the answers given c. a- variable cost; b- fixed cost, x- level of activity d. a- level of activity; b- variable cost , x- fixed cost

Financial & Managerial Accounting

14th Edition

ISBN:9781337119207

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter19: Cost-Volume-Profit Analysis

Section: Chapter Questions

Problem 1DQ: Describe how total variable costs and unit variable costs behave with changes in the level of...

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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

Question

Y = a + bx which option describe this function?

a- variable cost; b- level of activity , x- fixed cost

None of the answers given

a- variable cost; b- fixed cost, x- level of activity

a- level of activity; b- variable cost , x- fixed cost

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