The Formula for Expressing the Total of a Fixed, Variable

question 30

Multiple Choice

The formula for expressing the total of a fixed, variable, or mixed cost at any level of activity is:

• A)total cost = fixed cost + (variable rate × volume of activity).
• B)total cost = fixed cost × volume of activity.
• C)total cost = fixed cost × variable rate.
• D)total cost = fixed cost - variable cost.

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