Answer:
$1,000
Explanation:
We know that
Total cost = Fixed cost + Variable cost
From the data given, we can calculate the variable cost using the high-low technique.
Variable cost per unit
=
=$15
Lease cost = FC + $15(Machine hours)
Lease cost -$15(Machine hours) = FC
Case,
i) 800 machine hours,
FC = Lease cost - $15(Machine hours)
= $16,000 -$15(1000) = $1,000
Answer:
The correct answer is letter "C": Product-process matrix.
Explanation:
The product-process matrix, also known as the Hayes-Wheelwright Matrix portraits a combination of a product's volume and other product features inherent in the process in which the two interact. The approach is useful to study the life cycle of the product related to the technology used. In other words, it helps understanding why and how to change production operations.
False. Price ceilings, provided there are no other government policies in place, will cause deadweight loss. Diagram provided.