Author Question: Variable cost per labor-hour is $0.82 Fixed cost is $18,500. Machine hours during the period are 90. ... (Read 64 times)

jasdeep_brar · **on:** Mar 6, 2021

Question 1

The conference method estimates cost functions ________.
◦ using quantitative methods that can be very time consuming and costly
◦ based on analysis and opinions gathered from various departments
◦ using time-and-motion studies
◦ by mathematically analyzing the relationship between inputs and outputs in physical terms

Question 2

Variable cost per labor-hour is $0.82 Fixed cost is $18,500. Machine hours during the period are 90. Calculate the total cost for 360 labor hours.
◦ $18,574
◦ $18,795
◦ $18,869
◦ $369

frre432 · **Reply #1 on:** Mar 6, 2021

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