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- Explain which cost concept should be used in decision making and why. The explanation should include the following terms/relationships;accounting profit,economic profit as wellownership of factors of productionEstimate the cost of expanding a planned new clinic by 25,000 ft2. The appropriate capacity exponent is 0.62, and the budget estimate for 185,000 ft2 was $17 million.In a building construction project, 7,500 feet of insulated ductwork is required. The ductwork is made from 14-gauge steel costing $8.50 per pound. The 24-inch-diameter duct weighs 15 pounds per foot. Insulation for the ductwork costs $10 per foot. Engineering design will cost $16,000, and labor to install the ductwork will amount to $180,000. What is the total cost of the installed ductwork for this project?
- When the production volume (Q)is(100)units the total costs (TC)is (1500)omani RIyals and fixed costs (900) Riyals so the Average Variable costs AVC will beA police department wants to allocate the indirect cost of speed monitoring to the three toll roads around the city. An allocation basis that may notbe reasonable is:a. miles of toll road monitored.b. average number of cars patrolling per hour.c. amount of car traffic per section of toll road.d. cost to operate a patrol car.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.
- Wiebe Trucking, Inc., is planning a new warehouse to serve the western United States. Denver, Santa Fe, and Salt Lake City are under consideration. For each location, annual fixed costs (rent, equipment, and insurance) and average variable costs per shipment (labor, transportation, and utilities) are listed in the following table. Sales projections range from 550,000 to 600,000 shipments per year. Location Annual FixedCosts Variable Costsper Shipment Denver Santa Fe Salt Lake City $5,000,000 $4,200,000 $3,500,000 $4.65 $6.25 $7.25 a. Plot the total cost curves for all the locations on a single graph. b. Which city provides the lowest overall costs?E-commerce has had an explosive growth in the last year due to the pandemic. Many different retail companies with home delivery have had a significant increase in sales. Imagine such a company with home delivery by trucks. Each truck costs NOK 600 per hour including all costs. The average distance per trip is 40 KM and they deliver approximately 60 packages per trip. a. Calculate the cost per delivery. Make your own assumptions for the parameters that affect the time of the processes, like speed, loading time and unloading time. What would be their price per delivery, if they want a profit of 5%? b. Discuss the risk for the transport provider in your price calculation.The decision-making process where costs and benefits are usually measured in dollars is called a(n) __________ analysis. Group of answer choices sum total quantitative aggregate cost–benefit
- A small plant manufactures riding lawn mowers. The plant has fixed costs (leases, insurance, and so on) of $24,000 per day and variable costs (labor, materials, and so on) of $1,200 per unit produced. The mowers are sold for $1,500 each. The cost and revenue equations are shown below where x is the total number of mowers produced and sold each day and the daily costs and revenue are in dollar y=24000 + 1200x Cost equation y= 1500x Revenue equation How many units must be manufactured and sold each day for the company to break even ?A company is planning to manufacture snowboards. The fixed costs are $125 per day and the total costs are $5,786 per daily output of 19 boards. What is the average costs per board tend to as production increases?Two people developed first-cut cost estimates to construct a new 130,000 square foot building on a university campus. Person A applied a generalpurpose per unit cost estimate of $180 per square foot for the estimate. Individual B was more specific: she used the area estimates and per unit cost factors shown below. (a) What are the cost estimates developed by the two people? (b) What is the percent increase between the lower and higher cost estimates? Type of Usage Area, % Cost per ft2, $ Classroom 30 125 Laboratory 40 185 Offices 30 110 Furnishings—labs 25 150 Furnishings—all others 75 25