Managerial Accounting (15th Edition)

by Garrison, Ray; Noreen, Eric, Brewer, Peter

Published by McGraw-Hill Education

ISBN 10: 007802563X

ISBN 13: 978-0-07802-563-1

Chapter 2 - Managerial Accounting and Cost Concepts - Questions - Page 51: 2-12

Answer

Formula : Y= a + bX a= the fixed cost b= the variable cost per unit

Work Step by Step

In other words: Total Cost= Fixed Cost + Variable Cost * level of activity

Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.