1. McDevitt Company employs six individuals. Each is paid $12.50 per hour. How would total costs of personnel be classified? Fixed cost within relevant range Variable Mixed Variable cost within relevant range 2. The cost components of an air conditioner include $35 for the compressor, $11.50 for the sheet-molded compound frame, and $80 per unit for assembly. The factory machines and tools cost is $55,000. The company expects to produce 1,500 air conditioners in the coming year. What cost function best represents these costs? y = 1500 + 126.5X y = 1,500 + 55,000X y = 55,000 + 1,500X y = 55,000 +126.50X 3. Which cost estimation method uses a formal mathematical method to develop cost functions based on past data? Quantitative analysis Industrial engineering Account analysis Conference