Total Mixed Cost Is Represented by Which of the Following

question 214

Multiple Choice

Total mixed cost is represented by which of the following equations?

• A)y = vx
• B)y = vx + f
• C)y = f
• D)y = v + f

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Definitions:

GAAP

Generally Accepted Accounting Principles, a set of accounting standards and procedures used in the U.S. to govern financial reporting and ensure consistency.

Accounting Standards

Rules and guidelines used in the preparation and presentation of financial statements to ensure accuracy, completeness, and consistency.