Homework Answers
Variable cost
= (Cost at highest activity - Cost at lowest activity)/(Highest activity-Lowest activity)
= (30,370-19,190)/(4,850-2,700)
= 5.20 per test
Fixed cost = Total cost - Total Variable cost
= 30,370 - (4,850*5.20)
= 5,150
The equation would be Y = 5,150 + 5.20X
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Show full solutions to these please and thank you!
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