How would the equation for total costs be written using the following? y = total costs v = variable cost per unit of activity x = volume of activity f = total fixed costs Question 3 options: y = xv y = xv + f y = xf y = f

How would the equation for total costs be written using the following? y = total costs v = variable cost per unit of activity x = volume of activity f = total fixed costs Question 3 options: y = xv y = xv + f y = xf y = f

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

How would the equation for total costs be written using the following?

y = total costs

v = variable cost per unit of activity

x = volume of activity

f = total fixed costs

Question 3 options:

	y = xv
	y = xv + f
	y = xf
	y = f

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