Write a Linear Cost Function Equation for Each of the Following

question 111

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 $1.50 per kilogram.
b.Direct labor cost is $33.50 per hour.
c.Auto rental has a fixed fee of $150.00 per day plus $1.00 per kilometre driven.
d.Machine operating costs include $700 of maintenance per month,and $10.00 of coolant usage costs for each day the machinery is in operation.

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Definitions:

Employee Assistance Programs

Workplace initiatives that provide confidential support and counseling services to employees dealing with personal or work-related problems.

Drug Screening

The process of testing individuals for the use of illegal or performance-enhancing drugs.

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The strategic approach to the effective management of people in an organization to help their business gain a competitive advantage.

Strategic Orientation

A company's strategic orientation involves its direction and approach towards achieving long-term goals, including its choice of markets and how it competes.