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When using the visual-fit method to estimate a cost function, we can estimate the fixed cost by ________. 1) the point where the sketched line
When using the visual-fit method to estimate a cost function, we can estimate the fixed cost by ________.
1) the point where the sketched line (through all or most of the data points) intersects the y-axis
2) calculating the variable cost per unit of the cost driver
3) the point where the sketched line (through all or most of the data points) intersects the x-axis
4) subtracting the variable cost at any cost driver level from the total cost
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