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

Fill in the Blank QuestionFill in the blank question. cost equals total fixed cost plus total variable cost

Fill in the Blank QuestionFill in the blank question.Sales minus variable costs is called .

In the cost equation, , what is the fixed cost?

Fill in the Blank QuestionFill in the blank question.A format income statement reports variable costs separately from fixed costs.

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