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Economic cost is equal to the sum of exiplicit and implicit costs.
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- Consider the following data of a company for the year 1999:Sales = Rs. 1,20,000Fixed cost = Rs. 25,000Variable cost = Rs. 45,000Find the BEP.Cost in oil and gas operations may be classified into a number of non-mutually exclusive groupings for decision making. Discuss the possible major cost classifications and factors that will affect a decision-maker’s classification of cost into one or more of these grouping s.s.An architect-engineering firm is planning a parking lot to accomodate 400 vehicles. Each parking space will be 8.5 feet x 15 feet. It has been estimated that the space required for aisles will be 70 percentage of the space required for parking. A local paving company charges 8$ per square foot for paving and a flat fee of $10,600 for marking and painting the individual parking spaces. Based on this information, what is the estimated cost of paving and marking this parking lot? The estimated cost of paving and marking the parking lot is: $ ?
- Estimate the cost of an oil change (5 quarts of oil) and a new oil filter for your automobile at a local servicestation. It takes a technician 20 minutes to do this job. Compare your estimate with the actual cost of an oil change at the service station. What percent markup is being made by the service stationall average cost can be calculated by deriving the per unit cost. True or False44show complete solution, final answer should be in two decimal only, i will automatically give upvote.
- Need as soon as possible. Will upvote as long as correct and complete solution. Thank you! Correct Answers: DBM- 881,696.22 SFM- 3,896,123 SYD- 1,091,800 SLM- ?An architect-engineering firm is planning a parking lot to accommodate 500 vehicles. Each parking space will be 8.5 feet × 15 feet. It has been estimated that the space required for aisles will be 80% of the space required for parking. A local paving company charges $10 per square foot for paving and a flat fee of $12,000 for marking and painting the individual parking spaces. Based on this information, what is the estimated cost of paving and marking this parking lot?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?
- Rho Merchandising supplies T-shirts to AK Mart. Currently, Rho orders T-shirts from varioussuppliers. One of the T-shirts is ordered in batches of 150 units. It has been estimated that an annualdemand for T-shirts is 25,000 pieces. Furthermore, carrying cost is estimated to be P10 per T-shirt peryear. For the other policy to be optimal, determine what the ordering cost would have to be.The economic order quantity of Inc. is 1,000 unit. They sold their sole product for a selling price of P5. It takes P20,000 a year for Inc. in ordering 1,000 units per transaction. Carrying cost is P4 per unit per year. The lead time for this product is one week. How much sales revenue should Inc. have for this economic order quantity to be plausible? (Use 360 days a year)An executive receives an annual salary of P400,000 and his secretary a salary P100,000 a year. A certain task can be performed by the executive, working alone, in 4 hours. If he delegates the task to his secretary t will require him 30 minutes to explain the work and another 45 minutes to check the finished work. Due to the unfamiliarity of the secretary to do the Task it takes her an additional time of 6 hours after being instructed. Considering salary cost only, determine the cost of performing the task by each method, if the secretary works 2,400 hours a year and the executive 3,000 hours a year.