The cost of producing a certain commodity consists of P45.00 per unit for labor and material cost and P15.00 per unit for other variable cost. The fixed cost per month amounts to P450,000. If the commodity is sold at P250.00 each, what is the break-even quantity?
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The cost of producing a certain commodity consists of P45.00 per unit for labor and material cost and P15.00 per unit for other variable cost. The fixed cost per month amounts to P450,000. If the commodity is sold at P250.00 each, what is the break-even quantity?
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- company is buying mini computers. It costs Rs 5 lakh, and its running and maintenance costs are Rs 60,000 for each of the first five years, increasing by Rs 20,000 per year in the sixth and subsequent years. If the money is worth 10 percent per year, What is the optimal replacement period? Year 1 2 3 4 5 6 7 8 9 10 Running Cost 60,000 60,000 60,000 60,000 60,000 80,000 1,00,000 1,20,000 1,40,000 1,60,000The following data is extracted from the books of Gulf company, Fixed cost OMR 12.000. Selling price OMR.8 per unit and variable cost OMR 2 per unit. How many units will be sold in excess of the breakeven point if Gulf Company wishes to make a profit of OMR 6.000 ? a. 1,000 units b. 2,000 units C. 1.500 units d. 3.000 unitsTwo items are omitted from each of the following three lists of cost of goods sold data from a manufacturing company income statement. Determine the amounts of the missing items, identifying them by letter. Finished goods Inventory,June1 $61,600 $46,200 (e) Cost of goods manufactured 329,000 (c ) 484,800 Cost of finished goods available for sales (a) $260,400 $540,000 Finished goods Inventory ,June30 72,800 61,600 (f) Cost of goods sold (b) (d) $513,600
- A shoe manufacturer produces a pair of shoes at a labor cost of P8.50 and material cost of P23.50. The fixed charges on the business are P10,125 a month and variable costs are P2.50 a pair. If the shoes sell to retailers for P48.00 a pair, how many pairs must be produced and sold each month for the manufacturer to break-even?Assume a fixed cost of $900, a variable cost of $4.00, and a selling price of $5.50. a. What is the break-even point? (Roundup your answer to the next whole number.) b. How many units must be sold to make a profit of $500.00? (Roundup your answer to the next whole number.) c. How many units must be sold to average $0.25 profit per unit? (Roundup your answer to the next whole number.)Williams Inc. produces fluorescent lightbulbs for commercial use. The accounting manager isattempting to estimate the total cost for the next quarter using the high-low method. He has compileddata and found the high and low costs are $10,000 and $6,000, respectively, and the associated costdrivers are 7,000 and 3,000 packs, respectively. What is the value for b (the variable cost per unit)?What is the value for a (the fixed quantity)?
- How does the presence of one production constraint affect the relevant cost analysis model? Two ormore production constraints?A farmer uses K units of machinery and L hours of labor to produce C tons of corn, with the production function, C= 2L0.5 K. The farmer currently uses L = 20 and K = 10. Suppose the input price ratio is w/r = 1. What would you tell the farmer to do in order to minimize his cost of production given the current level of output? a. You should use more machinery and more labor. b. You should use more machinery and less labor. c. You should use less machinery and more labor. d. You should use less machinery and less labor. Suppose that a latte can only be produced by using exactly 1 ounce of espresso (E) and 3 ounces of milk (M). What is the firm's cost function if the price of espresso is 0.50 per ounce and the price of milk is 0.10 per ounce? a. C = 4q b. C = 0.8q c. C = 0.4q d. C = 160q e. C = 80qFind the cost minimizing amount of K for a producer to use when faced with the following production function, production goal, wage, and rent: q = L2K3; q = 243; w = $20; r = $30
- Given the below cost, c and price, p, functions for a product of quantity x: c(x)=100+e ln(x) p(x) =500-5x a. Does the problem indicate an elastic demand at price $250? b. How does the optimum quantity change if the government decides to apply 20% tax to the total revenue of this product?Heineken sells beer in 12 packs for $13, in 24 packs for $25, and in 5-liter mini- kegs for $21. Assume that there is 0.355 liter per beer in a multipack. On a cost-per-liter level, which offers customers the best price? In comparing the price of a 24-pack to 12-pack on a per-liter basis, what kind of price segmentation is being used? In comparing the price of a 24-pack to 5-liter mini-keg, what kind of price segmentation is being used? Which psychological effects might drive customers to purchase a 5-liter keg?Grand Styles Furniture Store is overstocked in (has excess inventory of) one type of chair. Based on the Price-Demand Relationship, what advice would you provide to the store manager to deal with this problem? Fancy Fashions sells jeans for $59 and sweaters for $39. To increase sales of jeans and sweaters, Fancy Fashions promotes this Product Price Bundle: “Buy a pair of jeans and a sweater for $98”. Will this Product Price Bundle will work well to increase the sales of jeans and sweaters?