The Following Data Pertains to Activity and Utility Cost for Two

question 59

Multiple Choice

The following data pertains to activity and utility cost for two recent periods: Utility cost is a mixed cost with both fixed and variable components. Using the high-low method, the cost formula for utility cost is:

• A)Y = $1.00 X
• B)Y = $1.25 X
• C)Y = $4,000 + $0.50 X
• D)Y = $1,500 + $1.25 X

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Definitions:

Sacropterygian Fishes

An ancient group of lobe-finned fishes, some of whose descendants evolved into terrestrial vertebrates.

Ancestral

Relating to or inherited from an ancestor or ancestors.

Amphibians

Amphibians are a class of cold-blooded vertebrates that include frogs, toads, salamanders, and newts, characterized by their ability to live both on land and in water.

Chordate Group

A large group of animals that, at some stage in their development, possess a notochord, dorsal nerve cord, pharyngeal slits, and a post-anal tail.