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- Which costs are measured on per-unit basis: fixed costs, average cost, avenge variable cost, variable costs, and marginal cost?Refer to (Total Time = 20 minutes (VA time) + 10 minutes (NVA time) = 30 minutes; Total Cost = $11.67 (VA cost) + $5.417 (NVA cost) = $17.087) the restaurant value stream map, and recompute the total value-added and non-value-added time and cost given the following new information. The chef's time is valued at $30 per hour, oven operation at $10 per hour, precooking order waiting time at $5 per hour, and postcooking order waiting time at $60 per hour. The $60 estimate reflects the cost of poor quality for a dinner waiting too long that might be delivered to the customer late (and cold). If a restaurant uses iPads to place orders and notify waiters when the customer's order is ready, the time on the order board (now an electronic order board) decreases from five to four minutes, and the prepared order wait time decreases from five to two minutes. Round your answer for the total revised time to the nearest whole number and round your answer for the total revised cost to three decimal…Q.(i) . Selling Price :Rs. 12 Per UnitVariable Cost : 2/3 of SPFixed Cost :Rs. 40,000You are required to calculate:(a) Sales to earn profit of Rs. 8000.(b) Also show the BEPs in Breakeven chart. Q.(ii). Use the following information and explain that how the reduction in selling pricewould affect the MOS?Particulars Rs.Selling price per unit 40Material per unit 12Labour per unit. 8Variable Overheads per unit 4Total Fixed cost is Rs. 8, 000. Full capacity of the Plant is 5, 000 units.Reduced selling price is Rs. 32 per unit.
- Martinez Company's relevant range of production is 7,500 units to 12,500 units. The unit costs when it produces and sells 10,000 units are provided in the table. If 12,500 units are sold, what is the variable cost per unit sold? Amount per unit ($) Direct materials 6.00 Direct Labor 3.50 Variable manufacturing overhead 1.50 Fixed manufacturing overhead 4.00 Fixed selling expense 3.00 Fixed administrative expense 2.00 Sales commissions 1.00 Variable adminsitrative expense 0.50Output from a process contains 0.02 defective unit. Defective units that go undetectedinto i nal assemblies cost $25 each to replace. An inspection process, which would detectand remove all defectives, can be established to test these units. However, the inspector,who can test 20 units per hour, is paid $8 per hour, including fringe benei ts. Should aninspection station be established to test all units?a. What is the cost to inspect each unit?b. What is the benei t (or loss) from the inspection process?Show the total cost expression and calculate the EOQ for an item with holding cost rate 18%, unit cost P8.00, annual demand of 40000, and ordering cost of P48. *
- CEO of Ganymede company produces goods with 500 customers where the number of customers is equal to Q produced, with the cost function TC = 2Q2 + 400Q + 1,300,000. Questions a. Determine fixed costs, variable costs and average costs that the customer musr pay. Describe the calculations! b.If the item sells for 5,000 and 7,000, determine the position of the company and can the company grow?An explicit cost is: Select one: a) An implicit cost to the factor of production owner who recieves that payment b) a money payment made for factors of production not owned by the firm itself c) is the cost of the forgone alternative incurred by the individual after making choices d) omitted when accounting profits are calculated e) always in excess of a factor of production's oppurtunity costA manufacturer of cassette tapes expects a fixed cost of $55,000. It plans to work on margin of forty six percent of retail, and to incur other variable cost of $0.4 per cassette. Selling price of per cassette is $6 dollar. i. Find the revenue, cost, and profit functions using q for number of cassettes. ii. How much profit will be earned if 25000 cassettes are produced? iii. Construct the break-even chart. Label the cost & revenue lines, the fixed cost line and the break-even point.
- Metters Cabinets, Inc., needs to choose a productionmethod for its new office shelf, the Maxistand. To help accomplishthis, the firm has gathered the following production cost data: PROCESS TYPE ANNUALIZEDFIXED COST OFPLANT & EQUIP. VARIABLE COSTS (PER UNIT) ($)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?The total cost of an MBF plant is 35,000 units if it produces 500 products, and a total cost of 60,000 units if it produces 1,000 units of the same product. If each number of products is sold at a price of 100 monetary units, it is recommended: a. Draw a diagram to determine its breaking point. B. If we want to make a profit of 20,000 units by selling 1,500 products, what is the variable cost? P(Profit) = pQ-(F+vQ) TR=pQ Q=F/(p_v) TC=F+vQA manufacturer of cassette tapes expects a fixed cost of $55,000. It plans to work onthe margin of forty-six percent of retail, and to incur other variable costs of $0.4 per cassette.The selling price per cassette is $6 dollar.i. Find the revenue, cost, and profit functions using q for a number of cassettes.ii. How much profit will be earned if 25000 cassettes are produced?iii. Construct the break-even chart. Label the cost & revenue lines, the fixed cost line, and the break-even point.
