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What is a cost driver

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Division of Mixed Costs into Variable and Fixed Components

The president and the controller of Toluca Transformer Company (Mexico) have agreed that refinement of the company's cost measurements will aid planning and control decisions. They have asked you to measure the function for mixed-cost behavior of repairs and maintenance from the following sparse data. Currency is the Mexican peso (P).

Monthly Activity in Machine Hours                      Monthly Repair and Maintenance Cost

7,900                                                                         P202,000,000

11,900                                                                         P272,000,000

Question 1: What is a cost driver? Give three examples Describe the methods for measuring cost of costs and their possible cost drivers. functions using past cost data.

Reference no: EM132470569

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