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Question: Hey Transtutors im looking to find out the TOTAL COST for this problem since i already know the fixed cost. Please show work not on excel.
A company is analyzing its mixed costs. During July, its busiest month, a company had total labor hours of 14,000 and total costs of $40,000. During February, its slowest month, the company had labor hours of 8,000 and total costs of $25,000. The company is planning for 12,000 direct labor hours next April. How many dollars should the company budget for TOTAL COST during April?
A) $5,000
B) $6,000
C) $30,000
D) $35,000
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
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