Based on the Graph, Find the Range of Y = $\$ 12$

question 59

Multiple Choice

Based on the graph, find the range of y = f(x) .
-Suppose a life insurance policy costs $\$ 12$ for the first unit of coverage and then $\$ 3$ for each additional unit of coverage. Let $C ( x )$ be the cost for insurance of $x$ units of coverage. What will 10 units of coverage cost?

• A) \(\$ 39\)
• B) \(\$ 42\)
• C) \(\$ 30\)
• D) \(\$ 18\)

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Definitions:

Flexible Budget Cost Variance

The difference between actual costs and the costs allocated in the flexible budget, which adjusts based on actual levels of activity.

Quantity Variance

A variance that is computed by taking the difference between the actual quantity of the input used and the amount of the input that should have been used for the actual level of output and multiplying the result by the standard price of the input.

Price Variance

The difference between the actual cost of a good or service and its budgeted or standard cost.

Standard Cost System

A cost accounting system that uses standard costs for products or services to compare against actual costs and analyze variances for management control.