Answered: In the formula y = a + bX, y represents…

In the formula y = a + bX, y represents a. total fixed cost b. total variable cost c. total cost d. variable cost per unit

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 17MC: In the cost equation Y=a+bx, Y represents which of the following? A. fixed costs B. variable costs...

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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

23.In the formula y = a + bX, y represents

a. total fixed cost

b. total variable cost

c. total cost

d. variable cost per unit

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