In the cost equation TC = F + VX, “V” is best described as the: Multiple Choice intercept of the cost equation. total costs that do not vary with changes in the activity level. activity level used to estimate the dependent variable. slope of the cost equation.

In the cost equation TC = F + VX, “V” is best described as the: Multiple Choice intercept of the cost equation. total costs that do not vary with changes in the activity level. activity level used to estimate the dependent variable. slope of the cost equation.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 18MC: A scatter graph is used to test the assumption that the relationship between cost and activity level...

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Question

In the cost equation TC = F + VX, “V” is best described as the:

Multiple Choice

intercept of the cost equation.
total costs that do not vary with changes in the activity level.
activity level used to estimate the dependent variable.
slope of the cost equation.

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