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Create formula to express the behavior of the firm

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Reference no: EM132633253

The Cafe produces one of the best meat products in north Texas. The company's controller compiled the following information by analyzing the accounting records:

a. Meat costs the company $3.25 per pound of sausage produced.

b. Compensation of production employees is $2.25 per pound of sausage produced.

c. Supervisory salaries total $23,000 per month.

d. The company incurs utility costs of $9,000 per month plus $0.35 per pound of sausage produced.

e. Insurance and property taxes average $6,400 per month.

Required:

Question A. Classify each cost as variable, fixed, or semivariable.

Question B. Create formula to express the behavior of the firm's production costs. (Use the form Y = a + bX, where X denotes the quantity of sausage produced.)

Reference no: EM132633253

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