In representing the total manufacturing costs in the equation Y=a+bX, “a ” in the equation represents the amount of total fixed costs while the “bX” represents the amount of Level of activity Total manufacturing costs Total variable manufacturing costs Variable cost per unit Group of answer choices
In representing the total manufacturing costs in the equation Y=a+bX, “a ” in the equation represents the amount of total fixed costs while the “bX” represents the amount of Level of activity Total manufacturing costs Total variable manufacturing costs Variable cost per unit Group of answer choices
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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Question
- In representing the total
manufacturing costs in the equation Y=a+bX, “a ” in the equation represents the amount of total fixed costs while the “bX” represents the amount of- Level of activity
- Total manufacturing costs
- Total variable manufacturing costs
- Variable cost per unit
Group of answer choices
1
2
3
4
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