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In describing the cost formula equation, Y=a+bX, which of the following is correct: a and b are valid for all levels of activity. Y

image text in transcribed In describing the cost formula equation, Y=a+bX, which of the following is correct: "a" and "b" are valid for all levels of activity. " Y " is the independent variable. in the high-low method, "b" equals the change in cost divided by the change in activity. "a" is the variable cost per unit

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