Bennet Company employs 30 individuals. Eighteen employees are paid $14 per hour and the rest are salaried employees paid $4,000 a month. How would total costs of personnel be classified?
A) variable
B) mixed
C) a variable cost within a relevant range
D) a fixed cost within a relevant range
Correct Answer:
Verified
Q2: A linear cost function can represent:
A)mixed cost
Q4: A cost function is a mathematical description
Q5: When plotted on a graph, cost functions
Q6: The cost function y = 10,000 +
Q8: A high correlation between two variables s
Q9: The longer the time horizon, the more
Q11: Which of the following does NOT represent
Q15: The cost function y = 150 +
Q16: One assumption frequently made in cost behavior
Q20: When estimating a cost function, cost behavior
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