Kohler Manufacturing typically achieves one of three production levels in any given year: 8 million
pounds of steel, 10 million pounds of steel, or 16 million pounds of steel.
In tracking some of its
costs, Kohler's controller discovered one cost that was $10 per pound at a production level of 8
million pounds, $8 per pound at a production level of 10 million pounds, and $5 per pound at a
production level of 16 million pounds. This is an example of a
A) fixed cost. B) semifixed cost.
C) semivariable cost. D) variable cost.
A
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Complete the following table. Identify which cognitive bias is represented in each example
Example Cognitive Bias The new manager at Danio Fisheries makes several investments on the company's behalf. Even though he has no experience related to investments, he is sure that he has made a smart move for the company. The audit team Bob, Chris, and Belle, are deciding which sampling methods to use on their current audit. Belle is bossy, and Bob and Chris defer to her choice without fully exploring the options. The manager at Betta Co. needs to determine the useful life for the new equipment used to filter water for the fish tanks. The owner has asked that he research the topic, but he decides to just assign it based on the claims made by the salesperson. What will be an ideal response?