Narrative 5-1 The Following Question(s)refer to the This Equation Analyzing the Relationship

question 26

Multiple Choice

Narrative 5-1
The following question(s) refer to the this equation analyzing the relationship of total cost to changes in machine hours.The following relationship was determined:
TC = $2,200 + $3X
Refer to Narrative 5-1.The TC in the above equation is an estimate of which of the following?

• A)total variable costs.
• B)total costs.
• C)total fixed costs.
• D)total machine hours.

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