Compute the estimated costs for each of the following equations, assuming the following costs for July:
In addition, state whether each is for a variable, fixed, or mixed cost.a.Total estimated costs = intercept
b.Total estimated costs = constant
c.Total estimated costs = constant + (slope × cost driver)
d.Total estimated costs = slope coefficient × cost driver

Question

Compute the estimated costs for each of the following equations, assuming the following costs for July:
  In addition, state whether each is for a variable, fixed, or mixed cost.a.Total estimated costs = intercept
b.Total estimated costs = constant
c.Total estimated costs = constant + (slope × cost driver)
d.Total estimated costs = slope coefficient × cost driver

Quizplus · Accepted Answer

The Answer of Compute the estimated costs for each of the following equations, assuming the following costs for July:
  In addition, state whether each is for a variable, fixed, or mixed cost.a.Total estimated costs = intercept
b.Total estimated costs = constant
c.Total estimated costs = constant + (slope × cost driver)
d.Total estimated costs = slope coefficient × cost driver

Compute the Estimated Costs for Each of the Following Equations