Question: In describing the cost formula equation, Y = a + b x , which of the following is correct: a and b
In describing the cost formula equation, which of the following is correct:
a and b are valid for all levels of activity.
in the highlow method, b equals the change in cost divided by the change in activity.
is the independent variable.
a is the variable cost per unit.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
