Identify which of the following costs are fixed and which are variable:(a) Wages paid to temporary workers(b) Property taxes on a factory building( c) Property taxes on an administrative building(d) Sales commission(e) Electricity for machinery and equipment in a plant(f) Heat and air conditioning for a plant(g) Salaries paid to design engineers(h) Regular maintenance on machinery and equipment(i) Basic raw materials used in productionU) Factory fire insurance

Q: Suppose the following costs for a 10-hour round-trip flight apply to the time frame and expenses of…

A: Fixed cost refers to those cost that are not affected by the change in production. In other words,…

Q: Question 13 The cost index method is used estimate the cost of a component, system, or plant by…

A: Cost index are some of the time likewise alluded to as information records. The expense file…

Q: Kilt Company had the following information for the year: Direct materials used= $110,000 Direct…

A: The labor marketplace is a type of marketplace structure wherein the trade of labor services for…

Q: Which of the following is the best example of a variable cost? O annual insurance payments for a…

A: The production of the various goods and services involves the cost of production. The cost of…

Q: Cost functions are derived from

A: # Cost function is a representation which helps in predicting the cost of good or service with…

Q: If 209 labor hours were required to produce the 1st unit in a production run and 57 llabor hours…

A: The inputs such as capital, labor, and land are used to produce, and output in the market is known…

Q: The following cost-output data were obtained as part of a study of the economies of scale in…

A: Answer1:The shape of the curve of an output (enrollment)-cost graph is given below:

Q: Bags Fixed Cost Variable Cost Total Cost 0 $1,700 $ - $1,700 100 $1,700 $500 $2,200 200…

A: Break-even Analysis- Breakeven is the point at which a firm must cover its costs of production.…

Q: a) Using the line drawing tool, add the total cost graph for Stan to produce the assembly instead of…

A: In economics, the concept of total cost refers to the sum of all costs incurred in producing a…

Q: For a vending machine project, the site cost=5,000 SR/month, material cost=0.5 SR/unit, and…

A: Unit Contribution: The profit earned from each unit sold after covering the variable costs.

Q: Classification analysis as the method for approximation of variable and fixed costs a) Is using for…

A: Production and cost constitute the two basic economic concepts that impact business choices and…

Q: The following data relate to factory overhead cost for production of 7,000 computers Actual Variable…

A: Answer 1)

Q: Which of the following costs would not be included as part of manufacturing overhead? (A) supplies…

A: Manufacturing overhead is all secondary expenditures incurred throughout the production process.…

Q: The IT department allocates indirect costs to user departments on the basis of CPU time at the rate…

A: Indirect cot (IC) is $2,000 per second. First department usage (FD) is 900 seconds. Second…

Q: For a plastic material firm, the total revenue generated for the month of November was $5800 and the…

A: Data for the plastic material firm is:- Total revenue = $5800  Explicit cost = $1250  Accounting…

Q: Estimate the cost of expanding a planned new clinic by 14.2,000 ft². The appropriate capacity…

A: COST can be defined as a concept that shows the amount of expenditure and any other sacrifice such…

Q: Some commonly known costs associated with manufacturing operations arelisted below:(a) Paint shop…

A: Fixed cost is the cost incurred by the firms irrespective of the production level. For example:…

Q: The total cost (CT) of Holdins-up is CT = 4q2 + 4q + 16CT = 4q2 + 4q + 16. Get the fixed cost (CF)…

A: Total cost function: CT = 4q2 + 4q + 16 Total cost is the sum of variable cost and fixed cost.

Q: A certain company has a selling price of for their product of 1500-3/4x dollars per unit and fixed…

A: FC = $800 , Variable Cost = 1/4 x+1210 Total Cost (TC) = Fixed cost + Variable cost Xquantity Total…

Q: In a Project Cost-Duration Graph, total project costs are a sum of Labor, material and equipment…

A: Direct cost is the monetary cost of producing goods or services. It is also called variable cost.…