Given the Cost Formula Y = $23,000 + $8X, Total

question 271

Multiple Choice

Given the cost formula Y = $23,000 + $8X, total cost at an activity level of 7,000 units would be:

• A) $33,000
• B) $79,000
• C) $23,000
• D) $56,000

---

Definitions:

Financial Statement Column(s)

Specific sections within financial statements that organize and present data in a structured manner, facilitating analysis and comparison.

Net Income

The total profit of a company after all expenses and taxes have been deducted from total revenues.

Adjusted Trial Balance

A trial balance prepared after all adjustments entries are made, used to ensure the total debits equal total credits before generating financial statements.

Financial Statement Column(s)

Sections or divisions in a financial statement that categorize financial data into distinct groups, such as assets, liabilities, revenue, and expenses for clear understanding and analysis.