A steel manufocturer sells its product per ton with a price PS274-0.04(0). If the overhead cost is $145,000 per year, and the variable cost is S13 per ton, what is the profit if the firm sels L852 ton Oa S16,933.52 O&S14.60854 Oa S16.250.00 Oa SI5,975 84 S19.707.04
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- What is die difference between accounting and economic profit?ACME Coal paid $5,000 to lease a railcar from the Reading Railroad. Under the terms of the lease, $1,000 of this payment is refundable if the railcar is returned within two days of signing the lease. 1. Upon signing the lease and paying $5,000, how large are ACME’s fixed costs? Its sunk costs? 2. One day after signing the lease, ACME realizes that it has no use for the railcar. A farmer has a bumper crop of corn and has offered to sublease the railcar from ACME at a price of $4,500. Should ACME accept the farmer’s offer?To automate one of its production processes, theMilwaukee Corporation bought three flexible manufacturing cells at a price of $400,000 each. Whenthey were delivered, Milwaukee paid freight chargesof $20,000 and handling fees of $15,000. Site preparation for these cells cost $45,000. Six foremen, eachearning $20 an hour, worked five 40-hour weeks toset up and test the manufacturing cells. Special wiring and other materials applicable to the new manufacturing cells cost $3,500. Determine the cost basis(amount to be capitalized) for these cells.
- Logan and Berkeley havea thriving dog grooming business which operates 5 hours a day for 4 days a week. They currently have one dog groomer and are considering hiring a second groomer. They believe that after a 12 week period, the second groomer should be able to groom 3 dogs per hour, but only groom 1 dog per hour inthe frst 12 weeks while they learn the ropes. By adding a second groomer, Logan and Berkeley would need to install an additional sink, costing $20,000, and also incur an additional $27 per hour in labour costs. Apart from labour, their current costs are $15 per dog groom (coveringitems such as dog shampoo) and $30,000 in fixed costs per year (eg. rent). They currently charge $50 per dog groom. How many weeks would it take for the second groomer to pay off and make a profit? A 116 B 23.6 C 37.7 D 49.7The cost, in millions of dollars, of building a three-story high school in NewYork State was estimated to be: 2C x x x x 1.7 0.14 0.0001 20 400where x is the number of thousands of square feet. Suppose that you arecontemplating building a for-profit three-story high school and estimate thatyour total revenue will be $0.2 million dollars per thousand square feet.(a) What is minimum area for a three-story high school in New YorkState, that this model covers? (b) What is the variable cost of building a three-story high school in NewYork State? (c) What is the fixed cost of building a three-story high school in NewYork State? (d) Determine the profit function,P x( ), for building a three-story highschool in New York State? . (e) Determine,P(250) , for building a three-story high school in New YorkState, and interpret the result. (f) How many thousands of square feet should a three-story high schoolbuilding in New York State be in order to break even?Question Given the following cost function: TC = 1500 + 15Q – 6Q 2 + Q3 (a) Determine the total fixed cost for producing 1000 units of output and 500 units of output. (b )What is AFC at: 1000 units of output b) 500 units of output iii. (c) Determine TVC, AVC, MC and AC at 50 units of output
- 9. Assume a constant marginal cost of $0.01/kwh for hydro and $0.09/kwh for natural gas given installed capacity. Assume that installed capacity can be bought at the beginning of the year and sold at the end of the year at the same price and that the discount rate or interest rate is 8.76% and that there are 8760 hours in a year. A kilowatt of natural gas capacity costs $1000 and a kilowatt of hydro capacity costs $10,000. Because you can buy and sell the capacity at the same price this means that the fixed cost of installed capacity is just the opportunity cost of capital, or the interest rate times the purchase price of the capacity.a. What is the average total cost of producing 8760 kilowatt hours in a year using one kilowatt of installed hydro capacity?b. What is the average total cost of producing 8760 kilowatt hours in a year using one kilowatt of installed natural gas capacity?Question: The total annual fixed costs of PAKEL Incorporated Company that manufactures and sells goods X are 9000 TL, the unit sales price is 6.25 TL, and the unit exchange cost is 3.25 TL. In case the enterprise works at full capacity, 6000 products are produced annually. With this information;a) The amount of production at the point of transition to profit,b) Calculate the sales income and Capacity utilization degree at this point.c) Show the transition point to Profit in a graph. (TL=Turkish Lira) I'd be happy if you solve a,b and c sections. Have a nice day!E4 ACME Corporation produces a variety of products for its diverse customer base, including the jet-powered pogo stick and jet-propelled tennis shoes, both of which are essential for catching roadrunners. Currently, they produce 40,000 engines per year that are used in the production of these two products. As the production manager for thisproduct line, you have determined that last year’s costs to produce the engines included: $99,600 in direct material expenses, $298,800 in direct labor expenses, $224,100 in variable overhead costs (i.e. power to operate the equipment), and $116,200 in fixed overhead costs (i.e. utilities to keep the factory operational). ACME plans to produce these engines only for the next 6 years. If they produce the engines in-house, they anticipate that direct material costs will increase at a rate of 5% each year. Further, they anticipate that labor costs will increase at a rate of 6% per year and variable overhead costs will increase at a rate of 3% per year.…
- On March 17, 2013, the Wildcat Oil Company began operations at its Louisiana oil field. Theoil field had been acquired several years earlier ata cost of $32.5 million. The field is estimated tocontain 6.5 million barrels of oil and to have a salvage value of $3 million both before and after all ofthe oil is pumped out. Equipment costing $480,000was purchased for use at the oil field. The equipment will have no economic usefulness once theLouisiana field is depleted; therefore, it is depreciated on a units-of-production method. In addition,Wildcat Oil built a pipeline at a cost of $2,880,000to serve the Louisiana field. Although this pipelineis physically capable of being used for many years,its economic usefulness is limited to the productivelife of the Louisiana field; therefore, the pipelinehas no salvage value. Depreciation of the pipelineis based on the estimated number of barrels of oil tobe produced. Production at the Louisiana oil fieldamounted to 420,000 barrels in 2015 and…A manufacturing company leases a building for $100,000 per year for its manufacturing facilities. In addition, the machinery in this building is being paid for in installments of $20,000 per year. Each unit of the product produced costs $15 in labor and $10 in materials. The product can be sold for $40. Use this information to solve, If the selling price is lowered to $35 per unit, how many units must be sold each year for the company to earn a profit of $60,000 per year? (a) 12,000 (b) 10,000 (c) 16,000 (d) 18,000 (e) 5,143. Select the closest answer.Complete the following table by calculating the contribution to profit and overhead for each of the 10 time periods and prices. Time Period Price Quantity Sold Total Contribution ($) (Million) ($ Million) 1 2,400 0.2 2 2,200 0.2 3 2,000 0.2 4 1,800 0.2 5 1,700 0.2 6 1,600 0.2 7 1,500 0.2 8 1,400 0.2 9 1,300 0.2 10 1,200 0.2 Over the 10 periods, the total contribution to profits and fixed costs from price skimming is million.
