Which of the following are linear cost functions? Which are mixed cost functions? Given: Y = total

Question:

Which of the following are linear cost functions? Which are mixed cost functions? Given: Y = total costs, X1 = production volume, and X2 = number of batches produced.

1. Y = 4,000 + 3X1 + 45X2
2. Y = 1,500 + 6X1 + 4X2
3. Y = 16,780
4. Y = 4.5X2
5. Y = 12,450 + 3.20X2

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Introduction to Managerial Accounting

ISBN: 978-1259105708

5th Canadian edition

Authors: Peter C. Brewer, Ray H. Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan

Question Posted: