Compute the Estimated Costs for Each of the Following Equations

question 9

Essay

Compute the estimated costs for each of the following equations assuming the following costs for July: In addition, state whether each is for a variable, fixed, or mixed cost.
A) Total estimated costs = intercept
B) Total estimated costs = constant
C) Total estimated costs = constant + (slope × cost driver)
D) Total estimated costs = slope coefficient × cost driver
In addition, state whether each is for a variable, fixed, or mixed cost.

• A) Total estimated costs = intercept
• B) Total estimated costs = constant
• C) Total estimated costs = constant + (slope × cost driver)
• D) Total estimated costs = slope coefficient × cost driver In addition, state whether each is for a variable, fixed, or mixed cost.

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