Write a Linear Cost Function Equation for Each of the Following

question 34

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 materials cost is $.75 per pound.
b. Direct labour cost is $16.75 per hour.
c. Auto rental has a fixed fee of $75.00 per day plus $.50 per mile driven.
d. Machine operating costs include $350 of maintenance per month, and $5.00 of coolant usage costs for each day the machinery is in operation.

---

Definitions:

Legal Remedy

The means by which a court of law enforces a right, imposes a penalty, or makes another court order to impose its will.

Fired

Term commonly used to describe the termination of employment due to an employee's performance or behavior.

Legal Recourse

The right of an individual or entity to seek legal intervention for resolving a dispute or enforcing a right.

Leave of Absence

A period of time that one must be away from one’s primary job, while maintaining the status of employee.