Figure 3-1.Total cost = Fixed cost + (Variable Rate * Output)
-Refer to Figure 3-1. In the cost formula above which element would be the dependent variable?
A) variable rate
B) fixed cost
C) total cost
D) output

Question

Quizplus · Accepted Answer

The dependent variable in the cost formula is the total cost as it is determined by the fixed cost and the variable rate multiplied by output. The other elements, including the variable rate, fixed cost, and output, are independent variables that contribute to the determination of the total cost.