Question

For​ February, the cost components of a picture frame include $ 0.31 for the​ glass, $ 0.60 for the wooden​ frame, and $ 0.92 for assembly. The assembly desk and tools cost $ 510. Two hundred fifty frames are expected to be produced in the coming year. What cost function best represents these​ costs

Answer 1

Y = 510 + 1.83X

where:

• Y = total costs
• X = units manufactured

Step-by-step explanation:

510 represents the fixed costs = $510

1.83 represents the total variable costs = $0.31 (glass) + $0.62 (wooden frame) + $0.92 (assembly)

since the estimated production output is 250 units, the total estimated costs = $510 + ($1.83 x 250) = $510 + $457.50 = $967.50

Answer 2

b = 560 + 1.83a

Step-by-step explanation:

A picture frame components are glass, wooden frame and assembly. The glass cost $0.31 , the wooden frame cost $0.60 and the assembly cost $0.92.

Glass cost = $0.31

wooden frame cost = $0.60

assembly cost = $ 0.92

The assembly desk and tools cost $ 510 . 250 picture frames are expected to be produced . The best representation of the cost function is as follow:

let

a = number of picture frames

b = cost

component sum of a picture frame = 0.31 + 0.60 + 0.92 = 1.83

b = 560 + 1.83a