For Each of the Following Situations, Draw a Graph That $\$ 50$

question 4

Essay

For each of the following situations, draw a graph that best describes the cost behavior pattern. The vertical axis represents costs, and the horizontal axis represents volume.
a. Direct materials per unit
b. Depreciation expense on a building per urit
c. An employee paid $\$ 50$ per hour with a guarenteed salary of $\$ 1,000$ per week
d. A consultant paid $\$ 100$ per hou with a maximum fee of $\$ 2,000$
e. Salaries of teachers where each teacher can handle a maximum of 15 students

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Definitions:

Differentiate

To distinguish or set apart different items, concepts, or entities based on their unique characteristics or qualities.

Organization Anticipates

The process by which organizations attempt to foresee future challenges or opportunities and prepare accordingly.

Retrenchment

A retrenchment or turnaround strategy occurs when an organization finds that its current operations are not effective, and major changes are usually needed to rectify the problem. In most cases, this strategy involves rightsizing the organization by closing operations, shutting down factories, and terminating employees in order to get back on the right track.

Executive Succession

Involves systematically planning for future promotions into top management positions.