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- Identify the following cost elements as first-cost (FC) components or annual operating cost (AOC) components for a piece of equipment in a chemical processing plant: rent, direct labor, equipment overhaul, overhead, supplies, insurance, equipment cost, utility cost, installation, delivery charges, salaried personnel, and periodic safety training.Which one is corect? An understanding of the underlying behavior of costs helps in all of the following EXCEPT: sales volume can be better estimated process inefficiencies can be better identified and as a result improved true costs can be better evaluated costs can be better estimated as volume expands and contractsCopper and nickel electroless plating processes are under consideration for printed circuit boards. The copper process has fixed costs of $110,000 per year with a variable cost of $66 per batch. The nickel process has a fixed cost of $89,500 per year and a variable cost of $90 per batch. Determine the number of batches that must be produced each year in order for the processes to break even. The number of batches that must be produced each year in order for the processes to break even is batches.
- Company A has fixed expenses of $15,000 per year and each unit of product has a $0.20 variable cost. Company B has fixed expenses of $6,000 per year and can produce the same product at a $0.60 variable cost per unit. At what number of units of annual production will Company A have the same overall cost as Company B? (i.e., find the breakeven point)Total revenue minus total cost is equal to: Question 24 options: A) dividends. B) liabilities. C) retained earnings. D) profit.Company A has fixed expenses of Php 15,000 per year and each unit of product has a Php 0.002 variable cost. Company B has fixed expenses of php 5000 per year and can produce the same product at a php 0.05 variable cost. At what number of units of annual production will Company A have the same overall cost as Company B?
- Hilton Enterprises sells a product for $119 per unit. The variable cost is $68 per unit, while fixed costs are $436,968. Determine (a) the break-even point in sales units and (b) the break-even point if the selling price were increased to $124 per unit. a. Break-even point in sales units units b. Break-even point if the selling price were increased to $124 per unit unitsi need Question no 4 Solution ( 3 is just for referenece data)Preliminary plans are under way for the construction of a new stadium for a major league baseball team. City officials have questioned the number and profitability of the luxury corporate boxes planned for the upper deck of the stadium. Corporations and selected individuals may buy the boxes for $340,000 each. The fixed construction cost for the upper deck area is estimated to be $5,780,000, with a variable cost of $170,000 for each box constructed. (a) What is the break-even point for the number of luxury boxes in the new stadium? x = (b) Preliminary drawings for the stadium show that space is available for the construction of up to 52 luxury boxes. Promoters indicate that buyers are available and that all 52 could be sold if constructed. (ii) What profit is anticipated? (Enter a negative value if a predicted loss.) $
- Determine the breakeven point in terms of number of units produced per month and draw its corresponding break-even chart using the following data:➢ Selling price/unit 600 PhP➢ Total monthly overhead expenses 428,000 PhP➢ Labor cost 115 PhP➢ Cost of Materials 76 PhP➢ Other variable 2.32 PhpFor the production of part R-193, two operations are being considered. The capital investment associated with each operation is identical. Operation 1 produces 2,000 parts per hour. After each hour, the tooling must be adjusted by the machine operator. This adjustment takes 20 minutes. The machine operator for Operation 1 is paid $20 per hour (this includes fringe benefits). Operation 2 produces 1,750 parts per hour, but the tooling needs to be adjusted by the operator only once every two hours. This adjustment takes 30 minutes. The machine operator for Operation 2 is paid $11 per hour (this includes fringe benefits). Assume an 8-hour workday. Further assume that all parts produced can be sold for $0.40 each. Should Operation 1 or Operation 2 be recommended?SCENARIO: ACE Manufacturers is a small firm that makes children’s clothing which it sells to a large retail store. Mrs Samuels, who started the business, enjoys managing the operation.The production process involves the designing, cutting, sewing, decorating and finishing of the various items. Currently the factory space is divided into areas allowing for each of the processes to take place efficiently. The factory facility is rented on a three-year contract basis. Mrs Samuels has recently signed a new contract for another three year period. Mrs Samuels is keen to correctly identify the different costs in the business and analyse each of the operations to identify whether she is maximising output. In order to do this she requires assistance with understanding the “economics” of the operation. question Discuss the different types of costs that this operation will face in the short run. Give appropriate examples in each case.[Hint: Use the economic theory you have studied relating…