3. In July, Darnell predicts there will be 400 orders, 240 parts, and 5,800 machine hours. What is the total labor and overhead cost for July? Round interim computations to 1 decimal place and round final answer to the nearest dollar. $fill in the blank 17

4. What if Darnell buys a new machine in July for $30,000? The machine is expected to last 10 years and will have no salvage value at the end of that time. What part of the cost equation will be affected?

Cost per machine hourCost per orderCost per partFixed costMixed costVariable cost

How will this part of the cost equation be affected?

It will be increasedIt will be decreasedIt will be unchanged

What is the new expected cost in July? When required, round your answer to the nearest dollar. $fill in the blank 20

5. Students are asked to form a prediction or estimation of various costs based on the cost function they created using the

Account AnalysisFinancial Analysis

method.

Thus, their resulting estimates of various costs represent an example of

DescriptiveDiagnosticPredictivePrescriptive

data analytics as they provide useful inputs regarding what will happen financially if the decisions involving the associated costs are implemented.