In the standard cost formula Y = a + bX, what does the "X" represent?
A. the level of activity
B. variable cost per unit
C. total cost
D. total fixed cost
Answer: A
You might also like to view...
The mass number refers to the number of ________ and ________ within an element.
A. protons; molecules B. protons; electrons C. electrons; neutrons D. electrons; atoms E. protons; neutrons
A low sales to working capital ratio tentatively indicates an unprofitable use of working capital
Indicate whether the statement is true or false
The owner of a grocery store wants to have non-food items delivered, priced, displayed, and inventoried by a wholesaler. Which type of wholesaler best fits the owner's needs?
A) drop shipper B) cash-and-carry wholesaler C) truck jobber D) rack jobber E) mail-order wholesaler
If assets are $99,000 and liabilities are $32,000, then equity equals:
A. $99,000. B. $198,000. C. $32,000. D. $67,000. E. $131,000.