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Home Q & A Board Other Fields Homework Help Business Economics
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StormLrd StormLrd
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6 years ago
Compute the estimated costs for each of the following equations, assuming the following costs for July:

Fixed manufacturing cost   $40,000
Variable cost per machine-hour   6
Number of hours used   1,000

In addition, state whether each is for a variable, fixed, or mixed cost.
a.   Total estimated costs = intercept
b.   Total estimated costs = constant
c.   Total estimated costs = constant + (slope × cost driver)
d.   Total estimated costs = slope coefficient × cost driver
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
Authors:
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GarretAGarretA
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6 years ago
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Without mathematics, there's nothing you can do. Everything around you is mathematics. Everything around you is numbers.

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