Refer to Regina Company. What is the independent variable of the cost formula for equipment maintenance?
A) the total cost
B) the fixed cost
C) the variable rate
D) number of machine hours

Question

Quizplus · Accepted Answer

The independent variable of the cost formula for equipment maintenance is typically the number of machine hours, as the cost of maintenance is directly proportional to the amount of time the equipment is in use. The other options listed (total cost, fixed cost, variable rate) are typically considered dependent variables in this context.