Management Accounting Test Questions

Q.  Under method of least squares, a linear equation is developed in the form of ______ wherein Y is total cost, a = fixed cost, b = marginal cost and X is output.

a. Y = a + bX
b. Y = a - bX
c. Y = a * bX
d. None of the above


ANSWER: See Answer
 
No explanation is available for this question!