An organization accumulated the following data for the prior fiscal year:
Value of -
Percentage of -
Quarter -
Output Produced -
Cost X -
$4,750,000
2.9
$4,700,000
3.0
$4,350,000
3.2
$4,000,000
3.5
Based on this data, which of the following describes the value of Cost X in relation to the value of Output Produced?
Based on the data provided, as the value of Output Produced decreases, the value of Cost X also decreases. This indicates a direct relationship between Output Produced and Cost X, suggesting that Cost X varies with the level of output. Therefore, Cost X is most likely a variable cost.
i don't understand what this question is asking based on the data?
I also do not understand the question. Can someone please explain...
I agree with Wakie
Can not understand this question.
I also agree with all of you
Agreed, I also don't understand what is being asked here, or the context.