Equation analyzing the relationship of total cost to changes in machine hours.
cybacatxNarrative 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
e. Refer to Narrative 5-1. Which of the following terms best describes the equation?
a. | parabolic. |
b. | curvilinear. |
c. | linear. |
d. | probabilistic. |
f. 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. |
g. Refer to Narrative 5-1. The above equation was probably found through the use of which of the following mathematical techniques?
a. | Linear programming |
b. | Multiple regression analysis |
c. | Simple Regression analysis |
d. | Dynamic programming |
h. Refer to Narrative 5-1. The $3 in the above equation is an estimate of which of the following?
a. | total fixed costs. |
b. | variable costs per machine hour. |
c. | total variable costs. |
d. | fixed costs per machine hour. |
i. Refer to Narrative 5-1. The dependent variable is which of the following?
a. | TC |
b. | $2,200 |
c. | $3 |
d. | X |
j. Refer to Narrative 5-1. The independent variable is which of the following?
a. | TC |
b. | $2,200 |
c. | $3 |
d. | X
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10 years ago
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