ACCOUNTING AND FINANCIAL ENGINEERING - EXAMPLE 34.32 : In the calculation of the total cost of production of an engineering material, a linear equation Y = MX + C could be applied. Let T = total cost, F = fixed cost, V = variable cost, Q = quantity produced, W = variable cost per unit produced. Form a linear equation that relates : (a) T, F and V; (b) V, Q and W.
ACCOUNTING AND FINANCIAL ENGINEERING - ANSWER 34.32 : (a) T = F + V; (b) V = QW + C where C = 0. The answer is given by Kang Chuen Tat; PO Box 6263, Dandenong, Victoria VIC 3175, Australia; SMS +61405421706; email@example.com; http://kangchuentat.wordpress.com.
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