In the standard cost formula Y = a + bX, what does the "Y" represent?
A) total cost
B) total fixed cost
C) total variable cost
D) variable cost per unit

Name: In the standard cost formula Y = a + bX, what does the "Y" represent? A) total cost B) total fixed cost C) total variable cost D) variable cost per unit
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Quizplus · Accepted Answer

In the standard cost formula Y = a + bX, Y represents the total cost, which includes a combination of fixed and variable costs.

In the Standard Cost Formula Y = a + BX