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Imgur link in case the text isn't clear (just click on it and it will zoom in) : https://imgur.com/a/PQnPT Exercise 2.27 Wildhorse Co. recently opened
Imgur link in case the text isn't clear (just click on it and it will zoom in) : https://imgur.com/a/PQnPT
Exercise 2.27 Wildhorse Co. recently opened tor business. The owner wants a cost function estimate to help with future planning. The manager feels that last month's results tairly represent costs over the coming six months. Last month 800 pizzas were sold. From the following information, use account analysis to estimate the firm's cost function for pizzas sold. Wages for part-time help Pizza toppings Pizza dough Store rent Depreciation on furniture and ovens Napkins, paper plates, cups, and straws Liability insurance Advertising Cleaning supplies Managers' salary Utilities (electricity and telephone) Soft drink purchases $3,112 224 296 377 80 104 101 15 1,280 104 480 Your answer is incorrect. Try again. Develop a cost function using the data from the accounting records. (Round variable cost per unit to 2 decimal places, e.g. 15.25.) Cost function x Number of pizzas Your answer is incorrect. Try again. Use the cost function to estimate the total costs if 1,000 pizzas are expected to be sold next month. Total cost for 1,000 pizzasStep by Step Solution
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