Which of the following are linear cost functions? Which are mixed cost functions? Given: Y = total
Question:
Which of the following are linear cost functions? Which are mixed cost functions? Given: Y = total costs, X1 = production volume, and X2 = number of batches produced.
1. Y = 4,000 + 3X1 + 45X2
2. Y = 1,500 + 6X1 + 4X2
3. Y = 16,780
4. Y = 4.5X2
5. Y = 12,450 + 3.20X2
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 16% (6 reviews)
Cost functions 1 2 3 and 4 are linear functions although 3 is simply a constant function which ...View the full answer
Answered By
Gaurav Soni
Teaching was always an area where I can pursue my passion. I used to teach my friends and junior during my school and college life. After completing my professional qualification (chartered accountancy) and before joining my job, I also joined an organization for teaching and guidance to my juniors. I had also written some articles during my internship which later got published. apart from that, I have also given some presentations on certain amendments/complex issues in various forms.
Linkedin profile link:
https://www.linkedin.com/in/gaurav-soni-38067110a
5.00+
7+ Reviews
13+ Question Solved
Related Book For
Introduction to Managerial Accounting
ISBN: 978-1259105708
5th Canadian edition
Authors: Peter C. Brewer, Ray H. Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan
Question Posted:
Students also viewed these Business questions
-
Linear Cost Functions Let Y = total costs, X1 = production volume, and X2 = number of setups. Which of the following are linear cost functions? Which are mixed cost functions? a. Y =$8X1 b. Y= $1,500...
-
Let Y = total costs, X1 = production volume, X2 = number of setups. Which of the following are linear cost functions? Which are mixed cost functios? a. Y = $8 X1 b. Y = $1,500 c. Y = $8,500 + $1.50...
-
Let Y = Total costs, X1 = production volume, and X2 = number of setups. Which of the following are linear cost functions? Which are mixed cost functions? a. Y = $8X1 b. Y = $1,500 c. Y = $8,500 +...
-
Which is the most effective means of motivating trainees for a training program? a. Pay extra for training time. b. Require the training only for newly hired workers. c. Explain why the training is...
-
Each of the red curves is a transformation of the graph of y = x3, shown in black. Write an equation for each red curve. a. b. c. d. 4 12-8041 6 ar
-
Describe the components of a product.
-
In 2001, the City of New York and the Dormitory Authority of the State of New York (DASNY) entered into an agreement to build a forensic biology laboratory in Manhattan. Per the agreement, DASNY...
-
Founded in 1970, ABC is one of the worlds largest insurance companies with locations in 28 countries. Given the following description, flowchart the new policy setup process as it existed in 1970;...
-
4. (50 points) The goal of this simulation study is to study the relative performance of uniform search, golden section search, and parabolic interpolation (algorithms 1-3 from class notes). Fix m...
-
Which life cycle model would you follow for developing software for each of the following applications? Mention the reasons behind your choice of a particular life cycle model. Clearly Justify your...
-
Hoi Chong Transport, Ltd. operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 105,000 kilometres during a year, the average operating cost is 12.665...
-
Bikes Manufacturing produces and sells childrens bikes at an average price of $60. Its costs are as follows: direct materials, $12; direct labour, $7; variable overhead, $3; sales commission, 5% of...
-
What span of control factor is involved here? Explain/define this factor. Given the situation should the span of control be larger or should it be smaller than usual?
-
How does 'conflict of interest' impact on the work of the tax agent, when preparing tax documents for an individual?
-
define and discuss the major differences between financial and managerial accounting compare and contrast accrual basis accounting with cash basis accounting how does a healthcare organization...
-
How does Green Credit act as a creditor and as a debtor in this scenario? Who would be Green Credit's creditor(s) and debtor(s)?
-
What is the amount of time it takes for the investment to pay for itself from the financial benefits?
-
Provide an example of an internal control and how it can prevent breakdown or fraud. 2)In your company, what internal controls do you encounter on a regular basis? Are those controls appreciated or...
-
The pseudocode in Fig. P2.25 computes the factorial. Express this algorithm as a well-structured function in the language of your choice. Test it by computing 0! and 5!. In addition, test the error...
-
What recommendations would you make to Big Four firms to help them (1) avoid confrontations with governmental officials in an authoritarian society and (2) deal effectively with such confrontations...
-
Use an online directory, such as http://www.411.ca or http://www.yellowpages.ca, to find a company in your area that has a website that includes an annual report, with a cash flow statement. Make an...
-
Staci Valek began making pottery several years ago as a hobby. Her work is quite creative, and it has become so popular that she has decided to quit her job with an aerospace firm and manufacture...
-
You have just been hired by Ogden Company to fill a new position that was created in response to rapid growth in sales. It is your responsibility to coordinate shipments of finished goods from the...
-
Mizan Corporation, a manufacturing company, prepares its financial statements annually. During the last month of the fiscal year, Mizan experiences a significant surge in sales. The sales team closes...
-
A firm uses job - order costing. Current period facts: Actual overhead: $ 1 0 4 , 6 8 8 Applied overhead: $ 1 0 4 , 9 0 5 Budgeted overhead: $ 1 0 8 , 6 9 8 COGS balance ( before closing ) : $ 3 9 0...
-
On January 1 , 2 0 X 2 P pays $ 1 0 0 million to acquire 5 0 , 0 0 0 of the common voting shares of S , which gives P a 2 5 % ownership interest in S . The January 1 , 2 0 X 2 book value of S ' s...
Study smarter with the SolutionInn App