1. If the initial purchase and installation price for a Point-of-Use system for a small community of 40 connections cost $250,000 in 2017, what is your estimate for the cost of a point-of-use system for a small community system of 25 connections in 2021 dollars? List your assumptions. Consider using a PPI to update the cost values.
Q: Every year, Danielle Santos sells 53,856 cases of her Delicious Cookie Mix. It costs her $1 per year…
A: N = 53,856 F = 748 C1 = 1 C2 = 4
Q: A coal-fired power plant can produce electricity at a variable cost of $0.04 per kilowatt-hour when…
A: Cost is the value of money which has in turn been used up in order to produce something or…
Q: Kilt Company had the following information for the year: Direct materials used= $110,000 Direct…
A: The labor marketplace is a type of marketplace structure wherein the trade of labor services for…
Q: Micromedia offers computer training seminars on a variety of topics. In the seminars each student…
A: Disclaimer: Since you have posted a question with multiple subparts, we answer the first one for…
Q: During your first month as an employee at Greenfield Industries (a large drill-bit manufacturer),…
A: 1. In following manner, selection may be impacted by the non-monetary considerations: The…
Q: The cost function of a large railroad corporation is Y=10^7+T, where Y is the total cost of shipping…
A: The cost function measures the minimum cost of producing a certain level of output for a certain…
Q: In your own words, describe the life-cycle cost concept. Why is the potential for achieving…
A: Life cycle cost LCC is an analysis that is used in selecting the alternatives which impacts both…
Q: Green Gardens Berry Farms is facing some harvesting decisions in order to decide how many ton…
A: Each firm in any organization is driven by profit motive. Profit is nothing but the difference…
Q: A local bagel company plans to keep and maintain its bagel factory, which is estimated to last 25…
A: A local bagel company plans to keep and maintain its bagel factory, which is estimated to last 25…
Q: The process for renewing a driver's license at the Archer County Courthouse is as follows. First,…
A: Labor economics: Labor economics aspects try to comprehend the working and elements of the business…
Q: A manufacturing company leases a building for $100,000 per year for its manufacturing facilities. In…
A: Suppose the manufacturing company produce = Q units The total fixed cost (TFC) = Building +…
Q: Qantas expects to cut its fuel bill by as much as $40 million a year thanks to a radical overhaul to…
A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If…
Q: SCENARIO: Investors put up $520,000 to construct a building and purchase all equipment for a new…
A: Given, Investment= $520,000 The minimum return on the investment = r= 10% of total investment The…
Q: During its first year of operations, Ontario made the following purchases 845 units at $108 874…
A: Given: Ontario made the purchases as: 45 units at $10874 units at $86171 units at $70 The total…
Q: For the following cost function TC = a + bQ – cQ2 + dQ3, determine the equations for TFC, TVC, AFC,…
A: Given: The cost function is: TC = a + bQ − cQ2 + dQ3 To Find: The equations for TFC, TVC, AFC, AVC,…
Q: Consider the following Cobb-Douglas production function for the bus transportation system in a city:…
A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Mary Graham worked as a real estate agent for Piedmont Properties for 15 years. Her annual income is…
A: Profit is the revenue generated by the firm after covering the cost. There are two types of profit…
Q: Define the problem. b. List key assumptions. c. List alternatives facing Greenfield Industries. d.…
A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: ACME Inc. currently sells a product for $1,100 which results in demand being 2,000 units. Management…
A: Product: It refers to the good and service that consumer purchases for doing variety of activities.…
Q: Florida Generation owns two generating units with the following cost curve: C_ =15+1.4P, +0.04P;…
A: A cost curve is a graph representing the production costs as a function of the total amount produced…
Q: Eng eco. Q2 Consider the following data of a company for the year 1997: Sales = Rs. 1,20,000 Fixed…
A: Fixed Cost: It is the cost that remains constant at every level of output which means it does not…
Q: Which of the following statements is correct regarding the use of an MRP system? A. Many firms have…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: Identify which of the following costs are fixed,which are variable, and which are mixed.•…
A: Since you have not mentioned which question you require an answer for, as per our standard procedure…
Q: Michelin is considering going "lights out" in the mixing area of the business that operates 24/7.…
A: Given, Mixing Cost : $600,000 per yearIncome-tax rate : 25%MARR : 10%
Q: Ace Manufacturing produces 1,000 hammers per day. The total fixed cost for the plant is $5,000 per…
A: Average fixed cost is the fixed cost divided by units of output. Average variable cost is the total…
Q: Milford Industries provides medical equipment to oncology and surgical units in major hospitals.…
A: Given, IDC allocation for three departments Production, subassemblies, and final assembly is given…
Q: At the beginning of the year, managers at King Industries estimated $420000 in manufacturing…
A: Given the manufacturing overhead at the beginning of the year = $420000 Actual manufacturing cost by…
Q: A New York renewable energy company pays $0.18 per kilowatthour (kWh) for the first 10,000 units of…
A: Given, Electricity used = 25,000 kW/month Cost of 1st 10,000 units = $0.18 per kilowatt hour…
Q: We find the traditional home land line telephones disappearing and being replaced by smart phones.…
A: The price-performance ratio refers to a product's ability to deliver performance, of any sort, for…
Q: The gross requirements for item A are specified for the beginning of weeks 1 through 12 in the table…
A: * SOLUTION :- Given that , The lead time = 2 weeks The order cost = 160 The inventory cost is…
Q: Rex Carr owns a junkyard which processes used cars into scrap metal. In the long-run Rex can use two…
A: Given The purchasing cost of a hydraulic car smasher is $200. The cost of a car smashed using a…
Q: You are considering opening a copy service in the student union. You estimate your fixed cost at…
A: Given: Total fixed cost = $15000 Price = $0.05 Variable cost = $ 0.01
Q: Given the following cost function: TC = 1500 + 15Q – 6Q2 + Q3 i. Determine the total fixed cost for…
A: Costs are the expenses that firms incur in the production activities. These are important for the…
Q: Is it possible or even desirable for strategic planning for project management to include ways to…
A: Strategic planning This process entails determining the order in which those goals should be…
Q: Identify whether each of the following costs of Granite Construction, Inc., would be classified as…
A: 1)Hourly wages paid to backbone operators Direct labor 2)Crankcase oil used in direct machinery…
Q: Consider the accompanying breakeven graph for an investment, and answer the following questions.(a)…
A: Break-even point: The breakeven point is the degree of creation at which the expenses of creation…
Q: An engineering firm recently conducted a study to determine its benefit and cost structure (total…
A: the marginal cost is the change in the total cost that arises when the quantity produced is…
Q: Draw a theoretical inverted abatement cost curve when the Marginal Rate of Transformation is…
A: Marginal abatement cost curve shows the relationship between the amount of pollution abated by a…
Q: 1. The Primary Metals production function in Table 7.4 of the MMH textbook, holding nonproduction…
A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…
Q: Paradise Pottery had the following costs in May when production is 800 ceramic pots: materials,…
A: Fixed and variable costs When a company manufactures a product, it will incur two types of costs:…
Q: Berry Is facing some harvesing decisions in order to decide hOw many tons berries to harvest and…
A: The total cost incurred by a firm operating in a market includes fixed costs and variable costs.…
Q: Given the following cost function: TC = 1500 + 15Q – 6Q 2 + Q3 i. Determine the total fixed cost for…
A: Given, the cost function: TC = 1500+15Q-6Q2+Q3 i) Total fixed: The cost that does not depend on the…
Q: Consider the following Cobb-Douglas production function for the bus transportation system in a city:…
A: Meaning of Production Function: The term production function refers to the situation under which a…
Q: The fixed cost related to the production of a product is $500,000 per year. Assume that the variable…
A: In economics, business, and specifically cost accounting, the break-even point is the point at which…
Q: Classify the following costs into either being product cost or period cost:(a) Raw material costs(b)…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: The input-output curve of a gas-fired generating unit is approximated by the following function:…
A: Given, Period 1 2 3 4 5 6 Price 12.5 10 13 13.5 15 11
Q: During your first month as an employee at Greenfield Industries (a large drill-bit manufacturer),…
A: Hello, thank you for the question. Since there are multiple sub-part questions asked here, only the…
Q: During your first month as an employee at Greenfield Industries (a large drill-bit manufacturer),…
A: a. Alternatives: Work on the old machinaries, make some adjustment for producing new drill bits by…
Step by step
Solved in 2 steps with 1 images
- Sally Statistics is implementing a system of statistical process control (SPC) charts in her factory in an effort to reduce the overall cost of scrapped product. The current cost of scrap is $X per month. If a 75% learning curve is expected in the use of the SPC charts to reduce the cost of scrap, what would the percentage reduction in monthly scrap cost be after the charts have been used for 6 months? (Hint: Model each month as a unit of production.)Assume an electricity generator can produce electricity from two different production technologies, a dirty technology and a clean technology. The quantity of electricity produced from the dirty technology is Qd in megawatt hours (MWh) and the amount from the clean technology is Qc. The dirty technology produces carbon emissions at a constant rate of d tons per MWh of electricity generation. The clean technology produces carbon emissions at a constant rate of c tons per MWh, where Bc < Bd. The cost functions for the two generation technologies are C(Qd) and C(Qc). The market price of electricity is P. Under these assumptions, the firm’s profit function is: Profit = PQd + PQc - C(Qd) - C(Qc). 1.) Take the partial derivative of profit with respect to each output (Qd and Qc) and set each equal to zero to find the profit maximizing (“first-order”) conditions for each type of electricity. Denote marginal costs of each type of electricity as MCd and MCc. Write down and interpret…Henleigh Hill, CFO of HH Corp., uses a decentralized company processing center for check collection. She estimates that the total annual cost of collections is currently $300,000. Henleigh is considering switching to a centralized company processing center, but she is worried about the required increase in fixed costs. Use the following assumptions to determine the maximum fixed cost of the centralized company processing center that would make Henleigh indifferent between a decentralized or centralized company processing center. Number of checks processed per year = 450,000 Average face value of checks = $1,000 Collection float for centralized processing = five days Variable processing cost per check for centralized processing = $0.25 Opportunity cost rate = 5 percent
- At the beginning of the year, managers at King Industries estimated $420000 in manufacturing overhead, 20000 direct labor hours and 50000 machine hours. Actual manufacturing costs at the end of the year were $425000 in manufacturing overhead. During the year, 22000 direct labor hours and 47000 machine hours were incurred. If overhead is applied based on direct labor hours, what is the predetermined overhead rate for the coming year? $21.00 per direct labor hour $8.40 per direct labor hour $19.09 per direct labor hour $9.04 per direct labor hourThe economically destructive price spike of 2007–2008 occurred when spare production capacity fell below 1 mbpd, causing a run-up in oil price from $50 to $145 per barrel. An issue for world oil spare capacity is the internal consumption of OPEC producers. OPEC production has ranged between 30 and 33 mbpd since 2004. Internal use is currently about 25% of total OPEC production, but it is growing by 2% per year. The internal consumption growth is largely for nonelastic end uses such as electricity generation, water treatment, and new buildings. If the current world spare capacity is 2 mbpd and the OPEC total production does not increase beyond 33 mbpd, how many years will it take for the spare capacity to fall below 1 mbpd again?Classify the following costs into either being product cost or period cost:(a) Raw material costs(b) Income taxes paid(c) Interest expenses on borrowed funds(d) Wages incurred in producing products(e) Fire insurance premium paid on factory buildings(f) Electric bill for the warehouse operation(g) Salary paid for engineers(h) Material handling cost related to production(i) Salary paid for plant managerU) Leasing expense for forklift trucks in warehouse operation(k) Mortgage payments on factory buildings
- Two automatic systems for dispensing maps are being compared by the state highway department. The accompanying breakeven chart of the comparison of these systems (System I vs. System II) shows total yearly costs for the number of maps dispensed per year for both alternatives. Answer the following questions. (a) What is the fixed cost for System I? (b) What is the fixed cost for System II? (c) What is the variable cost per map dispensed for System I? (d) What is the variable cost per map dispensed for System II? (e) What is the breakeven point in terms of maps dispensed at which the two systems have equal annual costs? (f) For what range of annual number of maps dispensed is System I recommended? (g) For what range of annual number of maps dispensed is System II recommended? (h) At 3000 maps per year, what are the marginal and average map costs for each system?A seasonal bus tour firm has 5 buses with a capacity of 60 people each. Each customer pays $25 for a one-day tour. Records show $360,000 in fixed costs per season, incremental costs of $5 per customer, and an average daily occupancy of 80%. The number of days of operation necessary each season to break even is closest to which value? (a) 50 days (b) 75 days (c) 100 days (d) 120 days?Suppose the cost of flying a 200-seat commercial airplane is as follows: Crew wages: 35617 AED Service of maintenance personnel and equipment: 16551 AED Cost of a passenger meal (provided complimentary to all passengers onboard): 45 AED Cost of issuing a boarding pass and luggage handling per passenger: 8 AED Just before departure, there are 10 empty seats. Just before departure, what is the minimum ticket price to allow one more passenger into the flight
- In your own words, describe the life-cycle cost concept. Why is the potential for achieving life-cycle cost savings greatest in the acquisition phase of the life cycle?Product X is sold for $500 per unit. The total cost of production per year, including capital recovery and a return, is given by the expression TC = 0.04n3 − 700n + 50, 000 where n is the number of units sold. If TC represents the total of all fixed and variable costs, determine the following: a. The value of n that maximizes profit. b. The maximum profit for a year. c. The fixed cost per year.Suppose that the ABC Corporation has a production (and sales) capacity of $1,000,000 per month. Its fixed costs—over a considerable range of volume—are $350,000 per month, and the variable costs are $0.50 per dollar of sales.a) What is the annual breakeven point volume (D')? b) What would be the effect on D' of decreasing the variable cost per unit by 25% if the fixed costs thereby increased by 10%?c) What would be the effect on D' if the fixed costs were decreased by 10% and the variable cost per unit were increased by the same percentage?
