Question: In describing the cost formula equation Y = a + bx, which of the following statements is correct? Select one: O a. X is the

In describing the cost formula equation Y = a + bx, which of the following statements is correct? Select one: O a. "X" is the dependent variable. O b. "a" is the fixed component. O c. In the high-low method, "b" equals change in activity divided by change in costs. O d. As "X" increases "Y" decreases

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Gapco manufactures three products, whose daily labor and raw material requirements are given in the following table. The profits per unit of the three products are $25, $30, and $22, respectively....

Question 2 Incorrect Mark 0.00 out of 1.00 Flag question In describing the cost formula equation, Y = a + bx, which of the following is correct: Select one: a. "a" is the fixed cost per unit * b. "Y"...

In describing the cost formula equation, Y = a + bX, which of the following is correct: Select one: a."X" is the number of units b."Y" is the independent variable c."a" is the fixed cost per unit...

In describing the cost formula equation, Y = a + bX, which of the following is correct: Select one: a. "X" is the number of units b. "a" and "b" are valid for all levels of activity c. "Y" is the...

Section 2 Multiple Choice (60 marks) Please yellow-highlight the entire line of the correct answer. 1. Expense A is a fixed cost; expense B is a variable cost. During the current year, the activity...

MULTIPLE CHOICE - Choose the one alternative that best completes the statement or answers the question. 1 ) What would be the classification of corporate controller's salary? A ) Manufacturing cost....

1 Which of the following is concerned with reporting financial information to external parties? Answer Financial accounting Managerial accounting . 3 points Question 2 Which of the following provides...

True/False Questions 1. A variable cost is a cost that remains constant in total throughout wide ranges of activity. 2. If the activity level increases, then one would expect the variable cost per...

QUESTION 5 0.5 points Door Company uses a job costing system. Door Company estimated manufacturing overhead costs for 20x9 at $378,000. The predetermined manufacturing overhead rate was based on...

Iadanza Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $195.70 per...

5- Find the force P so that the vertical reactions at A and B are the same. Then find the reactions at A and B. 350 1225t Answer(s): B. | 36h 48in 78in

Use the intermediate value theorem to show that the polynomial function has a real zero between the numbers given. f(x)=4x2-2x-6; 1 and 2 What is 1(1)? (Simplify your answer. Type an integer or a...

4 Coniston Ltd holds board meetings once a month, on the first day of the month. At the August meeting the board discussed a contract with Ullswater Ltd. On 15 August John, a director of Coniston,...

9. (15 points) A company is considering a new project that requires an investment of \$5 million. The project is expected to generate cash flows of $2 million in year 1,$3 million in year 2, and $4...

(Appendices) UNCOLLECTIBLE ACCOUNT EXPENSE: AGING METHOD. Cindy Bagnal, the manager of Cayce Printing Service, has provided you with the following aging schedule for Cayces accounts receivable: Cindy...

(Appendices) EFFECTS OF DISCOUNTS ON SALES AND PURCHASES. Helmkamp Products sells golf clubs and accessories to pro shops. During 19x5, Helmkamp purchased merchandise with a list price of $628,500 on...

(Appendices) Compare and contrast the three major ways economies can be organized. What type of economy exists in the United States? Do you think another type of economy would be better? Explain your...