Y = m(X)is the formula for a(n):
A)Activity cost
B)Variable cost
C)Fixed cost
D)Mixed cost

Name: Y = m(X)is the formula for a(n): A)Activity cost B)Variable cost C)Fixed cost D)Mixed cost
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Question

Quizplus · Accepted Answer

Variable cost is represented by the formula Y = m(X), where Y is the total cost, m is the variable cost per unit, and X is the number of units. This formula shows how total costs change in direct proportion to changes in activity level, characteristic of variable costs.

Y = M(X)is the Formula for A(n)