Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. let's try to determine the cost function for anoth

Let's try to determine the cost function for another company like ABC who makes sausages....

70.2K

Verified Solution

Question

Accounting

image
Let's try to determine the cost function for another company like ABC who makes sausages. Assume costs are as follows: 1. Monthly depreciation on buildings and equipment is $18,093 2. Product costs are $0.9 per pound produced 3. Wages are $2.9 per pound produced 4. Supervisory Salaries total $11,476 per month 5. Utilities cost $3,369 per month plus $.20 per pound produced. What is the fixed cost portion of their cost formula? (in other words, what is the "f" in y=f+ Round your answer to two decimal places. Don't enter dollar signs

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Calculate the pH after 0.14 mole of NaOH is added to 1.09 L of a solution...

Chemistry
Q

How can the immune system determine if a host cell is “healthy” or “abnormal (infected or...

Medical Sciences
Q

Author’s conclusions: What is the author arguing and are they successful? Empire of the summer moon.

Psychology
Q

The following appeared in the Wall Street Journal, September 16, 2019 "Letters to the Editor" that...

Basic Math
Q

The World Bank collected data on the percentage of GDP that a country spends on health...

Basic Math
Q

Using operation and process management principles, explain why would an accident on the highway right in...

General Management
Q

The daily profit P in dollars of a company making tables is described by the...

Basic Math
Q

PART 6 GIFT SHOP TREE DIAGRAMS fill in the name you Your mascot for the...

Statistics
Q

Financial information is presented below: \table[[Operating expenses,32000],[Sales returns and,6000],[allowances,4000],[Sales discounts,154000],[Sales revenue,90000],[Cost of goods sold,]]...

Accounting
Q

Frederick Mining Company owns a large parcel of land which costs $950,000. It is estimated...

Accounting
Q

When estimating the cost of equity using the DDM, the factor that is the most...

Finance
Q

D Ltd, a profitable company, purchased a machine on 1 July 2023 at a cost...

Accounting