Given the cost formula Y = $23,000 + $8X, total cost at an activity level of 7,000 units would be:
A) $33,000
B) $79,000
C) $23,000
D) $56,000

Name: Given the cost formula Y = $23,000 + $8X, total cost at an activity level of 7,000 units would be: A) $33,000 B) $79,000 C) $23,000 D) $56,000
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Quizplus · Accepted Answer

The total cost (Y) is calculated by substituting X (activity level) into the cost formula Y = $23,000 + $8X. For 7,000 units, Y = $23,000 + $8(7,000) = $23,000 + $56,000 = $79,000.

Given the Cost Formula Y = $23,000 + $8X, Total