Liva Company Wants to Develop a Cost Function for Its

question 100

Multiple Choice

Liva Company wants to develop a cost function for its maintenance costs to estimate such costs for the coming year. The following data are available: Direct Maintenance
Month Labour Hours Costs Incurred
January 4,000 $ 900
February 6,500 1,325
March 7,000 1,500
April 5,500 1,150
Using the high-low method, what is the fixed maintenance cost?

• A)$500
• B)$300
• C)$200
• D)$100

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Definitions:

Adlerian

A psychological approach based on the theories of Alfred Adler, focusing on the importance of the feeling of inferiority and the striving for significance.

Ego

In psychoanalytic theory, the part of the personality that mediates between the demands of the id, the superego, and reality.

Object Relations Theory

The psychoanalytic study of interpersonal relations, including the unconscious images and feelings associated with the important people (“objects”) in a person’s life.

Dream Objects

Elements or items that appear in dreams, representing subconscious thoughts, desires, or fears.