Write a Linear Cost Function Equation for Each of the Following

question 46

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 labour is $10 per hour.
B) Direct materials cost $9.20 per cubic metre.
C) Utilities have a minimum charge of $1,000, plus a charge of $0.05 per kilowatt-hour.
D) Machine operating costs include $200,000 of machine amortization per year, plus $75 of utility costs for each day the machinery is in operation.

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Definitions:

Reasonable Person

A hypothetical individual in law whose behavior serves as a standard of care to determine negligence by comparing actions to those expected of a typical person.

Ordinary Prudence

A standard of care that refers to the caution, attention, or skill a reasonable person would use under similar circumstances.

Standard Of Reasonable Care

A legal benchmark which dictates the level of care an ordinary, prudent person should take in a specific situation to avoid harm to others.

Blind Person

An individual who lacks visual perception due to physiological or neurological factors beyond normal refractive errors.