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Cafe produces one of the best meat products in north Texas. The company's controller compiled...

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Accounting

  1. Cafe produces one of the best meat products in north Texas. The company's controller compiled the following information by analyzing the accounting records:
  1. Meat costs the company $3.25 per pound of sausage produced.
  2. Compensation of production employees is $2.25 per pound of sausage produced.
  3. Supervisory salaries total $23,000 per month.
  4. The company incurs utility costs of $9,000 per month plus $0.35 per pound of sausage produced.
  5. Insurance and property taxes average $6,400 per month.
  1. Classify each cost as variable, fixed, or semi variable.
  2. Write a formula to express the behavior of the firm's production costs. (Use the form Y = a + bX, where X denotes the quantity of sausage produced.)

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