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Write a Linear Cost Function Equation for Each of the Following

question 67

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 yard.
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 depreciation per year, plus $75 of utility costs for each day the machinery is in operation.

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Definitions:

Material Alteration

A significant change to a document or agreement that affects its legal obligations or rights.

Unauthorized Acquisition

Obtaining assets, data, or information without permission from the rightful owner or authority, which may involve breaches of security or law.

Dishonored

Refused; specifically, a payment that has been refused despite a holder presenting an instrument in a timely and proper manner.

Holder in Due Course

A legal term referring to a person who has acquired a negotiable instrument in good faith and for value, and thus has certain protections against defenses and claims that could be raised by prior parties.

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