2) High- Low Method This table provides information about solid waste collection and disposal for local in United States. Presented is monthly cost and services information for one of them. governments Month Services Total Costs January February 6500 27800 6000 26400 March 4000 20400 April May June 2500 19200 7500 27600 1700 20400 ? July Using the high-low method, develop a cost-estimating equation for total monthly costs. Estimate total costs for July if the services will be 2000. 2000
Q: The table shows the marginal cost for a company's product at various production levels. Marginal…
A: Given data,
Q: a. ABC Company produces 100 pendants per day. The total fixed cost for the plant is $5000 and the…
A: a. Total fixed cost refers to the fixed cost per unit. Total fixed cost can be calculated as…
Q: Date 4f Maciable Cost = VC = 60 Rs Pee unit Selling Pice = SP = PS= 7 SR peaunit Fixed Cost =Fc=…
A: Given Information Variable cost = 60 Rs/unitSelling price = 75 Rs/ unitFixed cost = 12000 Rs
Q: a. ABC Company produces 100 pendants per day. The total fixed cost for the plant is $5000 and the…
A: Total fixed cos is the cost which does not change over a period of time in the economy. Variable…
Q: phia. Victoria. and Eve all would like a place to sit while waiting at their children's bus stop.…
A: Answer The correct answer is option 'b' i.e., Install the park benches because the benefits outweigh…
Q: Solve the problem. 16) A company estimates that the daily cost (in dollars) of producing x chocolate…
A: C(x) = 810 + 0.03x + 0.0002x2 . Company Produces 720 chocolate bars
Q: A) ABC company produces 100 pendants per day. The total fixed cost for the plant is $500 and the…
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Physical Units (pennants) 1,050 Work in process, November 1ª Started during November ? Good units…
A: Answer;
Q: Units of concrete panels produced and sold Sellling price Direct Materials (volume of concrete)…
A: Operating income is an amount determined from the income and expense statement. It is the amount…
Q: Metters Cabinets, Inc., needs to choose a productionmethod for its new office shelf, the Maxistand.…
A: Profits for a producer are maximized where the total cost per unit of production is least . Total…
Q: 1 Grass sod cost 35.00 per square meter and fencing cost 100.00 a linear foot. Display the total…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: A company produces and sells a consumer product and is able to control the demand by varying the…
A: Given demand function is p=38+2700D-5000D2 Note D>1 Total fixed cost =$1000 and variable…
Q: Revenue and cost (dollars per unit) $20 11 10 6 d MC ATC AVC b 0 200 250 300 At the profit…
A: Here, the given graph shows the the revenue and cost curves of a firm to explain the market…
Q: a. What is the unit rate price per ounce for each bag of popcorn? Mega Bag (32 oz) Giant Bag (24 oz)…
A: Mega Bag = 32 Oz , P = $10.24 Price per ounce = Price / total ounce
Q: A certain firm has a capacity to produce 650,000 units of a certain product per year. At present, it…
A: The firm enters into the industry and continues to operate in order to make profits. It will assess…
Q: A Commedity has a demand fucion modeied bI P= 100-0.5x² (x= number of units demand and pis Price per…
A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If…
Q: Q4: A project is considered to last for 10 weeks with a budget of $1,600,000. The cost behaviour of…
A: Cumulative cost variance considers the whole venture financial plan versus cost up a particular…
Q: Previous Question sported to an electric power plant where it will be used as fuel. Data for the…
A: Location Costs: Is the factor in the recipe expected to be applied to those additional costs which…
Q: Given the following information, how many units must be sold to achieve a profit of $25,000? [Note…
A: There are many different types of costs in the economy. They are the fixed cost, the variable cost,…
Q: MC Revenue and cost (dollars per unit) MR $40 ATC AVC e 24 20 14 12 8 100 150 200 Quantity 55
A: A perfectly competitive firm is a price taker and can sell any quantity of the commodity at the…
Q: If the seller manufacturing the books with costing $10 per book. the seller sells 500 books at a…
A: Total number of books (Q) = 500 Price of each book (P) = $100 Manufacturing cost per book = $10
Q: The "A" student did a quarterly cost breakdown analysis for Delicious Deserts. A month-to- month…
A: PLEASE BE NOTED AS PER THE GUIDELINES I HAVE DONE THE FIRST THREE SUB-PARTS. PLEASE POST ANOTHER…
Q: Problem 6.1. Tommy runs a small metal shop fabricating custom gates and other decorative work. Tommy…
A: a)All are explicit cost except entrepreneurial skill because it would come under implicit cost…
Q: A buyer placed an initial order with a supplior named Ronco that makes brakn assenblies. The order…
A: Given the costs and the productivity improvement. Calculate the impact of productivity improvement…
Q: A The fixed costs at Mahi consulting company are $120,000 annually. The annual revenue is $3,000 per…
A: The meaning of annual revenue is the money your business receives during the course of a year. Here,…
Q: A certain masonry dam requires 200,000 m³ of gravel for its construction. The contractor found two…
A: Total cost, in economic science, the total of all prices incurred by a firm in manufacturing a…
Q: For a firm total revenue is 120000, cost of raw materials is 40000, wages of labor 18000, other…
A: In a market, a firm computes its accounting profit by subtracting all the direct costs from the…
Q: Costs ($) 800 TVC 500 450 300 0 1 2 3 4 5 6 7 8 9 10 11 12 Units of output 1. Refer to the figure,…
A: Total cost has two components one is varaiable and another one is fixed.
Q: Source A Source B Average distance, gravel pit to dam site 3 km 1.2 km Gravel cost/m at pit P10…
A: here we can find the cheaper source which are as follow-
Q: If company A manufactures t-shirts and sells them to retailers for US$9.80 each.It has fixed costs…
A: The term “profit” is defined as the excess of total revenue (TR) over the total cost (TC). Total…
Q: A company has a production capacity of 500 units per month and its fixed costs are ₱250000 per…
A: Annual Production Capacity = Unit produced x 12 = 500 x…
Q: k Description Precedence Time (days) cost($) crash time (days) Per day revised cost Preparation of…
A: The Minimum time the Project could be done is 128days costs associated are crashing I, A, and B…
Q: 5. In an FEA simulation, you did a mesh independence study. The results were compared with an…
A: Answer in Step 2
Q: 1.Following is a summary of basic cost and revenue data for an Engineering Consultation Office.…
A:
Q: Production capacity of neck process. There are two alternatives, a and B. The annual fixed cost of…
A: Fixed cost of scheme A = $40000 Variable cost of scheme A = $10 per piece Fixed cost of scheme B =…
Q: Price and cost (dollars per pair) 150 MC 125- 100 ATC 75- 50+ 25- MR 100 200 300 400 Quantity (pairs…
A: Equilibrium is at the point where MR = MC and MC will be upward rising.
Q: Memriman Company provides the following ABC costing information: Activities Account inquiry hours…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: Tandem Bikes manufactures exercise bicycles built for two. It sells a cycle for $196 (custom painted…
A: Given: The selling price of the cycle: $196 Total variable cost=$77 Total fixed cost=$120,000
Q: (a) Analyze the data and identify the mostexpensive child. (b) Analyze the data and identify the…
A: The data can be interpreted according to the table given as the values in the table signify some or…
Q: II. Find The Minimum Cost and graph : 1. C = x2 - 16x + 74 2. C = x2 - 40x + 405 Thank you.
A: Given cost functions C=x2-16x+74 ......... (1) and C=x2-40x+405 .......... (2)…
Q: Company Dream Ltd has a demand of 75 Lakhs per year. Setup cost and holding cost are 29 and 35 per…
A: Given that; Annual demand = 75 lakhs per year Setup cost = $29 per unit Holding cost = $35 per unit…
Q: 2. Mang Oleh Kembang in Lembang has 10 major fields that are used to grow Mango. The productivity of…
A: Any firm operates with the primary objective of making a profit. The firm will only continue to…
Q: While a firm produces 200 units, the total cost of production is $ 4000. When they increase the…
A: Fixed Cost(FC) – It is the cost that does change with the changes in o/p Variable Cost(VC)- it is…
Q: When the price =50000- 200(Demand), the demand that maximize the profit=100 units, fixed cost=$500…
A: The demand shows the negative relationship between the price level and quantity demand. The curve is…
Q: Printer quotes a price of a birr7500 for printing 1000 copies of a book and birr.15000 for printing…
A: Here, it is given that the price of 1000 copies is birr7500, while the price of 2500 copies is…
Q: please help
A:
Q: 80 72 64 56 5 40 40 ATC 32 24 16 AVC 8 16 24 QUANTITY OF OUTPUT (Thousands of lamps) 32 40 48 56 64…
A:
Q: Example The following equations shows the effect of time (x) in year and salt concentration (y) in…
A: Total Cost Function = x2+xy+2y2+200
Q: 1. A furniture store sold picnic chair for $22.95 during a promotional sale. The store bought the…
A: Given: Cost of coffee maker = $36 less 40% and 15% Now the actual cost = 85% of (60% of 36) =…
Step by step
Solved in 2 steps with 1 images
- 1. Direct laborrate: $15.00perhour Production material: $375 per 100 items Factory overhead: 125% of direct labor Packing costs: 75%ofdirectlabor Desiredprofit: 20%oftotalmanufacturing cost use the above information to answer how many units must be sold to achieve a profit of $25,000? [Note that the units sold must account for total production costs (direct and overhead) plus desired profit. 2. A small textile plant was constructed in 2004. The major equipment, costs, and factors are shown below. Estimate the cost to build a new plant in 2014 if the index for this type of equipment has increased at an average rate of 12% per year for the past 10 years. Show work and Select the closest answer. a) $4,618,000 b) $10,623,000 c) $14,342,000 d) $ 14,891,000Metters Cabinets, Inc., needs to choose a productionmethod for its new office shelf, the Maxistand. To help accomplishthis, the firm has gathered the following production cost data: PROCESS TYPE ANNUALIZEDFIXED COST OFPLANT & EQUIP. VARIABLE COSTS (PER UNIT) ($)LABOR MATERIAL ENERGY MassCustomization $1,260,000 30 18 12Intermittent $1,000,000 24 26 20Repetitive $1,625,000 28 15 12Continuous $1,960,000 25 15 10Metters Cabinets projects an annual demand of 24,000 units forthe Maxistand. The Maxistand will sell for $120 per unit. a) Which process type will maximize the annual profit from pro-ducing the Maxistand? b) What is the value of this annual profit?Problem 6Cannes Croissants (not a real company) wishes to determine the optimum production quantity for its topselling product, almond croissants. The annual demandfor almond croissants is 12,000 units. The setup costs fora production run of the croissants is US$15. The holdingcost per unit per year is US$0.50. Production is mostefficient when 80 croissants are produced per day. Thecompany operates 300 days during a year.a What is the economic production quantity (EPQ)?b How many production runs will there by per year?c What is the maximum inventory level?d What is the total annual cost (in US dollars)?e What is the length of a production run in days?
- Problem 1. During your first month as an employee at Greenfield Industries (a large drill-bitmanufacturer), you are asked to evaluate alternatives for producing a newly designed drill bit on aturning machine. Your boss’ memorandum to you has practically no information about what thealternatives are and what criteria should be used. The same task was posed to a previous employeewho could not finish the analysis, but she has given you the following information: An old turningmachine valued at $350,000 exists (in the warehouse) that can be modified for the new drill bit.The in-house technicians have given an estimate of $40,000 to modify this machine, and they assureyou that they will have the machine ready before the projected start date (although they havenever done any modifications of this type). It is hoped that the old turning machine will be able tomeet production requirements at full capacity. An outside company, McDonald Inc., made themachine seven years ago and can easily do the…Q.(i) . Selling Price :Rs. 12 Per UnitVariable Cost : 2/3 of SPFixed Cost :Rs. 40,000You are required to calculate:(a) Sales to earn profit of Rs. 8000.(b) Also show the BEPs in Breakeven chart. Q.(ii). Use the following information and explain that how the reduction in selling pricewould affect the MOS?Particulars Rs.Selling price per unit 40Material per unit 12Labour per unit. 8Variable Overheads per unit 4Total Fixed cost is Rs. 8, 000. Full capacity of the Plant is 5, 000 units.Reduced selling price is Rs. 32 per unit.1. To resolve the issue of Coronavirus testing, a city decided to set up a plant to producelow cost testing kits. This facility will operate for 12 months and then it will bedismantled. It will cost the city $P to buy the main machine. In addition, the city willspend $45,000 as planning cost before the work commences. The monthly operating andmaintenance cost to run the facility will be $52,500. The city also expects to loseadditional $43,000 every month for the duration of the facility. It is estimated that, thisplant will save taxpayers who will use the testing facility about $15 per usage. The cityexpects 0.5% of its 2 Million citizens to use the facility every month for 12 months. Thefacility will be upgraded at a cost of $40,000 at the end of month 5, $75,000 at the end ofmonth 10, and will then be dismantled at the end of month 12 for $100,000. Afterdismantling, the city will sell the used machine at it salvage value of $72,000. Usingbenefit-cost ratio analysis with an interest…
- During your first month as an employee atGreenfield Industries (a large drill-bit manufacturer),you are asked to evaluate alternatives forproducing a newly designed drill bit on a turningmachine. Your boss’ memorandum to you haspractically no information about what the alternativesare and what criteria should be used. The same taskwas posed to a previous employee who could notfinish the analysis, but she has given you the followinginformation: An old turning machine valued at $350,000exists (in the warehouse) that can be modified for thenew drill bit. The in-house technicians have givenan estimate of $40,000 to modify this machine, andthey assure you that they will have the machine readybefore the projected start date (although they havenever done any modifications of this type). It is hopedthat the old turning machine will be able to meetproduction requirements at full capacity. An outsidecompany, McDonald Inc., made the machine sevenyears ago and can easily do the same…16 The expenses budgeted for production of 1,000 units in a factory are furnished below: Particulars Per Unit OMR. Material Cost 700 Labour Cost 250 Variable overheads 200 Selling expenses (20% fixed) 130 Administrative expenses (OMR. 200,000) 200 Total Cost 1,480 Prepare a budget for production of 800 units assuming administrative expenses are rigid for all level of production. a. OMR 1,239,300 b. OMR 1,229,200 c. OMR 1,350,000 d. OMR 1,250,00010--Two workers work one hour each to obtain 750 grams of yarn from 1.2 kg of cotton. The total cost of the inputs is 100 TL, while the total value of the output is calculated as 120 TL. Accordingly, which of the following is the total efficiency?A) 0.625B) 1.2C) NoneD) 1.6E) 0.833
- Q2) One of the energy companies incurred miscellaneous costs and a group of engineers analyzed the costs according to the long-term investment contract. Answer the following points based on the above situation: A) How would you classify these possible costs based on line of your study that will be included in each annual economic assessment. Within short clarification for each possible costs that you suppose to mentione it? B) Give an simple example about each costs-line. C) How will the level of revenue be determined economically? Clarify this statement?Zodiac Furniture is considering the production of anew line of metal offi ce chairs. Th e chairs can be producedin-house using either process A or process B. Th e chairs canalso be purchased from an outside supplier. Specify the levelsof demand for each processing alternative given the costs in thetable. Fixed Cost Variable Cost Process A $20,000 $30Process B $30,000 $50Outside Supplier $0 $50Ain a community of 10000 people, each is willing to pay Ksh 10 for each well dug. The cost of digging the wall is is given by C= Q2+20Q. Calculate the pareto efficiecy number of wells to be dug. If the government want to dug the well at a minimal cost, how many walls will it dig and how much will it spen if the projet is given to a private, profit making organization, how many well would the firm dig?