Answered: 47. Given the cost formula Y = $17,500…

47. Given the cost formula Y = $17,500 + $4X, at what level of activity will total cost be $42,500? A. 10,625 units B. 4,375 units C. 6,250 units D. 5,250 units

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

47. Given the cost formula Y = $17,500 + $4X, at what level of activity will total cost be
$42,500?
A. 10,625 units
B. 4,375 units
C. 6,250 units
D. 5,250 units

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