As Part of His Job as Cost Analyst,Max Thompson Collected

question 88

Essay

As part of his job as cost analyst,Max Thompson collected the following information concerning the operations of the Machining Department:

Required:
a.Use the high-low method to determine the estimating cost function with machine-hours as the cost driver.
b.If June's estimated machine-hours total 4,200,what are the total estimated costs of the Machining Department?

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Definitions:

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, which are used to either increase or decrease the likelihood of a behavior repeating.

Classical Conditioning

A training technique characterized by the recurrent pairing of two cues, leading to an outcome where the first cue alone can elicit a response initially caused by the second cue.

Generalization

The process in psychology of applying learned behavior and responses to similar stimuli that were not part of the original learning.

Secondary Reinforcement

A form of reinforcement where a stimulus gains its reinforcing power through its association with a primary reinforcer.