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Once fixed and variable elements are known, future costs can be predicted with the total cost:

AElection
BExemption
CExtension
DEquation
Answer & Solution
Correct answer: D. Equation
1. The formula uses both elements. 2. It holds within the relevant range. 3. It is the total cost equation. _Source: OpenStax Principles of Managerial Accounting, Chapter 2, Building Blocks of Managerial Accounting._
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