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