QUESTION $1$

Why does a management team use cost equations when planning for future operating costs?

Because cost equations assist managers in estimating fixed costs at different levels of volume.

Management teams will rarely use cost equations to calculate estimated total costs because variable costs change at different levels of volume.

Because cost equations assist managers in estimating variable costs at different levels of volume only.

Because cost equations assist managers in estimating total costs at different levels of volume.

QUESTION $2$