question archive Stein Corporation wants to find an equation to estimate some of their monthly operating costs for the operating budget for 2021

Stein Corporation wants to find an equation to estimate some of their monthly operating costs for the operating budget for 2021

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Stein Corporation wants to find an equation to estimate some of their monthly operating costs for the operating budget for 2021. The following cost and other data were gathered for 2020 (Click the icon to view the cost and other data) Read the requirements Requirement 1. Which of the preceding costs is variable? Fixed? Mixed? Explain. Cost Cost ? function Mixed Maintenance Data table Explanation The cost neither remains constant in total nor remains constant per unit. Although the total cost varies from month to month, the cost driver remains constant. The cost per unit remains constant each month. Health insurance Fixed Shipping costs Variable Maintenance Costs Machine Hours Month Health Number of Insurance Employees $ 8,640 70 Shipping Costs Units Shipped 7,150 $ 4.470 167 $ 20,020 Although the cost driver varies from month to month, the total cost remains constant. $ 4,361 110 $ 8,640 76 $ 23,268 8,310 $ 4.685 238 $ 8,640 90 $ 22,260 7,950 Although the total cost varies from month to month, the cost driver remains constant. January February March April May June $ 4,800 300 $ $ 107 86 18,172 16,562 6,490 5,915 $ 5,130 8,640 8,640 8,640 456 $ $ The cost neither remains constant in total nor remains constant per unit. $ 4,751 276 $ 81 $ 25,928 9,260 The cost per unit remains constant each month. $ 4,990 348 $ 8,640 99 $ 24,472 8,740 $ 4,967 362 $ 8,640 83 $ 23,436 July August September October 8,370 6,760 $ 422 $ 8,640 94 $ 5,045 5,221 18,928 20.118 $ 482 $ 8,640 113 $ 7,185 November $ 5,222 520 $ 8,640 103 $ 15,428 5,510 December $ 4,715 283 $ 8,640 91 $ 27.132 9,690 Print Done 1

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