In the cost function y = a + bx; the 'a' represents?Question 14Answera.Variable costb.Fixed costc.Semi-variable costd.Total cost

Fill in the Blank QuestionFill in the blank question.A cost includes both fixed and variable components.

In describing the cost formula equation Y = a + bX, which of the following statements is correct?Multiple ChoiceIn the high-low method, the b term equals change in activity divided by change in costs.The a term is the fixed component.The X term is the dependent variable.As the X term increases, the Y term decreases.

Semi-variable costs changes both in total and per unit A. True B. False

In the formula Y = a + bX, X represents the estimated Blank______.Multiple choice question.total manufacturing overhead costvariable manufacturing cost per unittotal amount of the allocation basetotal fixed manufacturing overhead cost

) Which one of the following is a variable cost?Select one answer. (1)A Rent paidB Management salariesC Insurance agreedD Raw materials