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    acodrington Posts: 1, Reputation: 1
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    Oct 20, 2010, 09:17 PM
    I am trying to create a Cost Formula from this information.
    Lancaster Meat Company produces one of the best sausage products in southeastern Pennsylvania. The company's controller used the account- classification method to compile the following information.
    a. Depreciation schedules revealed that monthly depreciation on buildings and equipment is $ 21,000.
    b. Inspection of several invoices from meat packers indicated that meat costs the company $ 1.20 per pound of sausage produced.
    c. Wage records showed that compensation for production employees costs $. 85 per pound of sausage produced.
    d. Payroll records showed that supervisory salaries total $ 11,000 per month.
    e. Utility bills revealed that the company incurs utility costs of $ 5,000 per month plus $. 25 per pound of sausage produced.
    Required:
    1. Classify each cost item as variable, fixed, or semi-variable.
    A.
    B.
    C.
    D.
    E.
    2. Write a cost formula to express the cost behavior of the firm's production costs. (Use the form Y=a+bX, where Y denotes production cost and X denotes quantity of sausage produced.)

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