Lumberjack Inc.is a manufacturer of equipment for the forestry industry.The following account analysis represents account data for the past fiscal year:
The company produced 25,000 pieces of equipment in the past fiscal year.Required:
1.Create a linear cost function for total costs using the account analysis method.2.Forecast total cost for the upcoming year if production is budgeted at 30,000 pieces of equipment.

Question

Lumberjack Inc.is a manufacturer of equipment for the forestry industry.The following account analysis represents account data for the past fiscal year:
  The company produced 25,000 pieces of equipment in the past fiscal year.Required:
1.Create a linear cost function for total costs using the account analysis method.2.Forecast total cost for the upcoming year if production is budgeted at 30,000 pieces of equipment.

Quizplus · Accepted Answer

The Answer of Lumberjack Inc.is a manufacturer of equipment for the forestry industry.The following account analysis represents account data for the past fiscal year:
  The company produced 25,000 pieces of equipment in the past fiscal year.Required:
1.Create a linear cost function for total costs using the account analysis method.2.Forecast total cost for the upcoming year if production is budgeted at 30,000 pieces of equipment.