Canada Spoon Co is based in Ottawa, Ontario and manufactures collector spoons with owl designs on...

 

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Canada Spoon Co is based in Ottawa, Ontario and manufactures collector spoons with owl designs on them for the many international visitors to Canada. The cost driver is the number of spoons manufactured. Design students on coop work terms form the majority of the direct labour pool and are paid on an hourly basis. Other factory workers are salaried. Canada Spoon Co has been tracking its utility costs including heat, hydro and water and has found that the costs are represented by the following formula: Utility costs = $500,000+ $0.75 X where X is the number of spoons manufactured. Last year the company manufactured 264,000 spoons. Actual utility costs for the year were as expected. Use the above information to answer all of the following questions. Question 1 (0.5 points) ✓ Saved What was the total utility cost for last year? A/ Question 2 (0.5 points) ✔ Saved What was the total fixed utility cost for last year? A Canada Spoon Co is based in Ottawa, Ontario and manufactures collector spoons with owl designs on them for the many international visitors to Canada. The cost driver is the number of spoons manufactured. Design students on coop work terms form the majority of the direct labour pool and are paid on an hourly basis. Other factory workers are salaried. Canada Spoon Co has been tracking its utility costs including heat, hydro and water and has found that the costs are represented by the following formula: Utility costs = $500,000+ $0.75 X where X is the number of spoons manufactured. Last year the company manufactured 264,000 spoons. Actual utility costs for the year were as expected. Use the above information to answer all of the following questions. Question 1 (0.5 points) ✓ Saved What was the total utility cost for last year? A/ Question 2 (0.5 points) ✔ Saved What was the total fixed utility cost for last year? A

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