Given the Cost Formula, Y = $7,000 + $1

question 65

Multiple Choice

Given the cost formula, Y = $7,000 + $1.80X, total cost for an activity level of 4,000 units would be:

• A)$7,000
• B)$200
• C)$7,200
• D)$14,200

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Definitions:

Current Liabilities

Obligations that a company must pay within the coming year or within its normal operating cycle, indicating the company's short-term financial responsibilities.

Non-current Liabilities

Long-term financial obligations listed on a company's balance sheet that are not due within the next 12 months, such as loans, leases, and bond repayments.

Canada Pension Plan

A mandatory retirement savings plan to which employees and employers contribute, providing participants with a predictable income upon retirement.

Payroll Register

A payroll register is a record that details the wages, deductions, and net pay of all employees for each pay period.