In a mixed-cost function, the intercept is _____.
A)fixed cost
B)total cost
C)variable cost per unit of the cost driver
D)number of units of the cost driver

Name: In a mixed-cost function, the intercept is _____. A)fixed cost B)total cost C)variable cost per unit of the cost driver D)number of units of the cost driver
Brand: Quizplus
Rating: 4.7 (36 reviews)

Question

Quizplus · Accepted Answer

The intercept of a mixed-cost function represents the fixed cost, which is the cost that remains constant regardless of changes in the level of activity.

In a Mixed-Cost Function, the Intercept Is _____