The Following Cost Formula Was Developed Using the Monthly Data

question 198

Multiple Choice

The following cost formula was developed using the monthly data for an accounting firm. Total cost = $87,100 + ($210 × number of tax returns)
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The term $210

• A) is the independent variable.
• B) is the dependent variable.
• C) is the intercept.
• D) is the variable rate.

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Definitions:

Justify

To provide valid reasons or evidence to support an argument or action.

Claim

A statement made about something, usually without providing evidence or proof, often requiring verification.

Adjustment

The process of making minor changes to improve or correct a situation or mechanism.

Closing Paragraph

The final section of a text that summarizes the main points or concludes the message, often emphasizing the overall takeaway or action desired.