Given the cost formula Y = $12,000 + $6X, what is the total cost at an activity level of 8,000 units?Multiple Choice$20,000$12,000$60,000$48,000

Question

Given the cost formula Y = $12,000 + $6X, what is the total cost at an activity level of 8,000 units?Multiple Choice$20,000$12,000$60,000$48,000
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Solution 1

The formula given is Y = $12,000 + $6X. This is a cost formula where Y is the total cost, X is the number of units, $12,000 is the fixed cost and $6 is the variable cost per unit.

Step 1: Identify the given values. Here, X = 8,000 units.

Step 2: Substitute the given value of X into the formula. So Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob

Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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