Total cost and number of units in the first seven months of2020 are given below. According to this information,which of the following is the cost equation?TotalPeriodsNo.of UnitsCostJanuary28,840330360370February29,650March29,950April30,335390May30,853415June31,660450July31,945465Select one:O a. Y=21250+23*XOb. Y=24150+24*XCe. Y-22000-23.5*X2 d. Y-23500-21 X

A cost equation seems to be a quantitative equation that a business may use to anticipate the costs…

Total cost and number of units in the first seven months of 2020 are given below. According to this information, which of the following is the cost equation? Total Periods No.of Units Cost January February 28,840 330 29,650 360 March 29,950 370 April 30,335 390 May 30,853 415 June 31,660 450 July 31,945 465 Select one: Q a. Y=21250+23*X O b. Y=24150+24*X O C. Y=22000+23.5*X Od. Y=23500号21X

Total cost and number of units in the first seven months of 2020 are given below. According to this information, which of the following is the cost equation? Total Periods No.of Units Cost January February 28,840 330 29,650 360 March 29,950 370 April 30,335 390 May 30,853 415 June 31,660 450 July 31,945 465 Select one: Q a. Y=21250+23X O b. Y=24150+24X O C. Y=22000+23.5*X Od. Y=23500号21X

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Concept explainers

Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.

Question

Total cost and number of units in the first seven months of
2020 are given below. According to this information,
which of the following is the cost equation?
Total
Periods
No.of Units
Cost
January
28,840
330
360
370
February
29,650
March
29,950
April
30,335
390
May
30,853
415
June
31,660
450
July
31,945
465
Select one:
O a. Y=21250+23*X
Ob. Y=24150+24*X
Ce. Y-22000-23.5*X
2 d. Y-23500-21 X

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