Fill This Form To Receive Instant Help
Fill This Form To Receive Instant Help
Homework answers / question archive / In describing the cost formula equation Y = a + bx, which of the following statements is correct? A "a" is the fixed component
In describing the cost formula equation Y = a + bx, which of the following statements is correct? A "a" is the fixed component. B "X" is the dependent variable. As "X" increases "Y" decreases. D) In the high-low method, "b" equals change in activity divided by change in costs.
Correct answer is D. In the high low method, 'b' equals change in activity divided by change in cost.
In the equation Y= a + bX
Y= Total cost
a= Fixed cost
b= variable cost per unit
X= no of units.
This equation given us Mixed cost.
