Write a Linear Cost Function Equation for Each of the Following

question 52

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 $1000,plus a charge of $0.05 per kilowatt-hour.
d.Machine operating costs include $200 000 of machine depreciation per year,plus $75 of utility costs for each day the machinery is in operation.
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Definitions:

Self-Serving Bias

The common tendency to attribute our successes to personal characteristics and our failures to external factors.

Total Egocentrism

A cognitive state where an individual is unable to differentiate between their own perspective and that of others, typically seen in early childhood development.

Types of Memory

The various forms in which the human brain can store information, typically classified as sensory, short-term (or working), and long-term memory.

Habituation

A psychological learning process wherein there is a decrease in response to a stimulus after being repeatedly exposed to it.