Compute the estimated costs for each of the following equations,assuming the following costs for July:

In addition,state whether each is for a variable,fixed,or mixed cost.
a.Total estimated costs = intercept
b.Total estimated costs = constant
c.Total estimated costs = constant + (slope × cost driver)
d.Total estimated costs = slope coefficient × cost driver

Question

Compute the estimated costs for each of the following equations,assuming the following costs for July:
  
In addition,state whether each is for a variable,fixed,or mixed cost.
a.Total estimated costs = intercept
b.Total estimated costs = constant
c.Total estimated costs = constant + (slope × cost driver)
d.Total estimated costs = slope coefficient × cost driver

Quizplus · Accepted Answer

The Answer of Compute the estimated costs for each of the following equations,assuming the following costs for July:
  
In addition,state whether each is for a variable,fixed,or mixed cost.
a.Total estimated costs = intercept
b.Total estimated costs = constant
c.Total estimated costs = constant + (slope × cost driver)
d.Total estimated costs = slope coefficient × cost driver

Compute the Estimated Costs for Each of the Following Equations,assuming