Find the Coordinates of the Y-Intercept for the Given Equation $$y = \frac { 2 } { 3 } x - 1$$

question 57

Multiple Choice

Find the coordinates of the y-intercept for the given equation.

- $$y = \frac { 2 } { 3 } x - 1$$

• A)1, 0
• B)(-1, 0)
• C)\(\left( 0 , \frac { 2 } { 3 } \right)\)
• D)(0, -1)

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Definitions:

Weighted-Average Method

A method in cost accounting used to average costs and quantities over a specific period, often applied in inventory valuation and costing of goods sold.

Process Costing

A costing system used where identical or similar products are mass-produced, allocating costs over the units produced during a period.

Conversion Costs

The combined costs of direct labor and manufacturing overhead incurred to transform raw materials into finished goods.

Processing Department

A division within a company where raw materials are transformed into finished products through a series of operations or processes.