Using the Profit data create a two-way Data Table that calculates the profit using labor cost per item ranging from $5 to $7 with $0.2 increments and quantity from 1500 to 2500 units with 100-unit increments. Assumptions: Fixed cost: $ 5,000.00 Material costs per item: $ 2.25 Labor costs per item: $ 6.50 Shipping costs per 100 items: $ 200.00 Price per item: $ 12.99
Using the Profit data create a two-way Data Table that calculates the profit using labor cost per item ranging from $5 to $7 with $0.2 increments and quantity from 1500 to 2500 units with 100-unit increments. Assumptions: Fixed cost: $ 5,000.00 Material costs per item: $ 2.25 Labor costs per item: $ 6.50 Shipping costs per 100 items: $ 200.00 Price per item: $ 12.99
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter8: Cost Analysis
Section: Chapter Questions
Problem 2.1CE
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Using the Profit data create a two-way Data Table that calculates the profit using labor cost per item ranging from $5 to $7 with $0.2 increments and quantity from 1500 to 2500 units with 100-unit increments.
| Assumptions: | |
| Fixed cost: | $ 5,000.00 |
| Material costs per item: | $ 2.25 |
| Labor costs per item: | $ 6.50 |
| Shipping costs per 100 items: | $ 200.00 |
| Price per item: | $ 12.99 |
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