Given the cost formula, Y = $16,000 + $3.40X, total cost for an activity level of 4,000 units would be:

A) $13,600
B) $3,600
C) $29,600
D) $16,000

Cost Formula

An equation or method used to determine the total costs associated with production or service delivery, often incorporating both fixed and variable components.

Activity Level

The volume of work or production capacity of a business, often used to allocate fixed costs or to measure efficiency.