Total Variable Costs Can Be Expressed as Y = Vx

question 173

True/False

Total variable costs can be expressed as y = vx, where y = total variable cost, v= variable cost per unit of activity, and x = volume of activity.

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Definitions:

DNS

Domain Name System, an internet service that translates domain names into IP addresses, facilitating the location of computer services and devices.

IP Address

A unique string of numbers separated by periods that identifies each computer using the Internet Protocol to communicate over a network.

URL

Uniform Resource Locator, a reference or address that can be used to access resources on the internet.

Web Page

A document accessible via a web browser, typically written in HTML, forming part of the World Wide Web.