According to following information, which of the following is the total cost function in the form of
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Question:
According to following information, which of the following is the total cost function in the form of Y = F+V*X ? Number of units produced is 8000.
Fixed Cost Variable Cost Total Costs
Material used in Production 87,000 55,000 142,000
Labour used in Production 60,000 57,500 117,500
Production Facilities cost 55,000 47,500 102,500
TOTAL COST 202,000 160,000 362,000
Select one:
a. Y = 362,000+V*10
b. Y = 202,000+V*16
c. Y = 202,000+V*20
d. Y = 362,000+V*16.5
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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