Write a Linear Cost Function Equation for Each of the Following

question 28

Essay

Write a linear cost function equation for each of the following conditions. Use y for estimated costs and X for activity of the cost driver.
a.Direct manufacturing labor is $15 per hour.
b.Direct materials cost $25.60 per cubic yard.
c.Utilities have a minimum charge of $500, plus a charge of $0.25 per kilowatt-hour.
d.Machine operating costs include $250,000 of machine depreciation per year, plus $100 of utility costs for each day the machinery is in operation.

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Definitions:

English Civil War

A series of armed conflicts and political machinations between Parliamentarians ("Roundheads") and Royalists ("Cavaliers") from 1642 to 1651 in England, leading to the trial and execution of Charles I, and the establishment of a Commonwealth.

Legal Standing

The right of an individual or entity to bring a lawsuit to court based on their stake in the outcome of a controversy needing judicial resolution.

King Philip's War

A conflict between American Indian inhabitants of present-day New England and English colonists and their Indian allies in 1675–1678.

Algonquians

A group of Native American peoples speaking Algonquian languages, originally inhabiting areas of North America from the Atlantic coast to the Great Lakes region.