Question: Let's try to determine the cost function for another company like ABC who makes sausages. Assume costs are as follows: 1. Monthly depreciation on buildings

Let's try to determine the cost function for another company like ABC who makes sausages. Assume costs are as follows: 1. Monthly depreciation on buildings and equipment is $15,395 2. Product costs are $0.99 per pound produced 3. Wages are $1.98 per pound produced 4. Supervisory Salaries total $11,013 per month 5. Utilities cost $4,206 per month plus $.20 per pound produced. What is the variable cost portion of their cost formula? (in other words, what is the "V" in y = f + vx) Enter your answer to two decimal places, and don't include dollar signs

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Question 1 2 pts A company's costs are shown below. What is total average cost per unit? 6,816 units $6,375 Total variable costs Total fixed costs ? ? Variable cost per unit Fixed cost per unit $2.40...

Let's try to determine the cost function for another company like ABC who makes sausages. Assume costs are as follows: 1. Monthly depreciation on buildings and equipment is $12,503 2. Product costs...

Let's try to determine the cost function for another company like ABC who makes sausages. Assume costs are as follows: 1. Monthly depreciation on buildings and equipment is $12,373 2. Product costs...

Let's try to determine the cost function for another company like ABC who makes sausages. Assume costs are as follows: 1. Monthly depreciation on buildings and equipment is $15,047 2. Product costs...

Let's try to determine the cost function for another company like ABC who makes sausages. Assume costs are as follows: Monthly depreciation on buildings and equipment is $11825 Product costs are...

Let's try to determine the cost function for another company like ABC who makes sausages. Assume costs are as follows: Monthly depreciation on buildings and equipment is $17528 Product costs are...

Let's try to determine the cost function for another company like ABC who makes sausages. Assume costs are as follows: 1. Monthly depreciation on buildings and equipment is $18,551 2. Product costs...

Let's try to determine the cost function for another company like ABC who makes sausages. Assume costs are as follows: 1. Monthly depreciation on buildings and equipment is $18323 2. Product costs...

Let's try to determine the cost function for another company like ABC who makes sausages. Assume costs are as follows: 1. Monthly depreciation on buildings and equipment is $18,373 2. Product costs...

Let's try to determine the cost function for another company like ABC who makes sausages. Assume costs are as follows: 1. Monthly depreciation on buildings and equipment is $17,029 2. Product costs...

How might having a clear, written mission statement benefit a small organization? Write a brief mission statement for a local business with which you are familiar.

Using the information from BE14- 9, determine the issue price of the bonds, assuming that the market rate of interest is 4%. In BE14-9 Jorge Corporation issued $ 100,000 par value, 6%, four- year...

1 Which recipients of the email can be seen by John, Mary and Karl? 2 Which recipients of the email can be seen by Tim, Ahmed and Dimitri? 3 Which recipients of the email can be seen by Nick, Ivan...

Joanie wants to encourage members of teams to work together to hit their targets. Michael plans to give his employees a financial reward when the organization achieves greater profit than the...

Is it practical to specify standards and procedures in the body of the job description, or should these be kept separate? Based on her review of the stores, Jennifer concluded that one of the first...

What data should be stored for each employee? How might the company use that data? Jennifer had been considering the benefits ofimplement-ing new technologies and systems into the organization to...

How should Jennifer go about collecting the infor-mation required for the standards, procedures, and job description? Based on her review of the stores, Jennifer concluded that one of the first...