Question
The linear equation Y = a + bX is often used to express cost formulas. In this equation: A) the b term represents variable cost
The linear equation Y = a + bX is often used to express cost formulas. In this equation: A) the b term represents variable cost per unit of activity. B) the a term represents variable cost in total. C) the X term represents total cost. D) the Y term represents total fixed cost
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Construction Accounting And Financial Management
Authors: Steven J. Peterson
4th Edition
0135232872, 978-0135232873
