Linear cost function
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Linear cost function is cost function in which the graph of total costs versus the level of a single activity related to that cost is a straight line within the relevant range.
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Linear cost function. Cost function in which the graph of total costs versus the level of a single activity related to that cost is a straight line within the relevant range.
