Determining the value of the slope coefficient, Accounting Basics

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Determining the value of the slope coefficient

Problem:

A mixed cost function has a constant component of $20,000. If the total cost is $60,000 and the independent variable has the value 200,

Required:

Question: What is the value of the slope coefficient?

A) $200

B) $400

C) $600

D) $40,000

Note: Please show guided help with steps and answer.

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Accounting Basics: Determining the value of the slope coefficient

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Accounting Basics: Determining the value of the slope coefficient

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