COMMERCE 2AB3 Chapter Notes - Chapter 2: Direct Labor Cost, Kilogram, Variable Cost
11 Feb 2015
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Select the graph that matches the numbered manufacturing cost data. Indicate by letter which of the graphs best fits each of the situations or items described. The vertical axes of the graphs represent total dollars of cost, and the horizontal axes represent production output during a calendar year. In each case, the zero point of dollars and production is at the intersection of the two axes. ,000 reduced by for each direct manufacturing labour-hour worked in excess of. 200,000 hours, but a minimum rental fee of ,000 must be paid. Randy smith is paid an hour for straight-time and an hour for overtime. One week he worked 50 hours, which included 40 hours of regular time and 10 hours of overtime. The total amount of labor cost paid to randy for his work during that week was ,200.
