Question: A linear cost equation is used to estimate future costs. is fixed when the volume is zero and increases at a constant rate per activity

A linear cost equation
is used to estimate future costs.
is fixed when the volume is zero and increases at a constant rate per activity level after that.
is derived from two elements - the relevant range and the level of activity.
includes three components - fixed costs, variable costs and mixed costs.
A linear cost equation is used to estimate future costs. is

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