What is the impartance of estimating theaver age Vari able cast or AVC, Jatal VariableCost, Tatal Cost . average Fixed Cast, tatalphysical product . Tatal Fixed Coat .averageVariable Cast , average Tatal cast andMargimal Cast to Business and Plannedactivăties of a company!Fixed cast, tatal

Fixed Costs are the costs which remain fixed with changing output such as the cost of building a…

Answered: What is the impartance of estimating…

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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Which costs are measured on per-unit basis: fixed costs, average cost, avenge variable cost, variable costs, and marginal cost?
What is die difference between accounting and economic profit?
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?
Do step by step. No excel pls
Please answer correct explain please asap please Don't answer by pen paper plz.
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 cost
Please answer correct explain please asap Don't answer by pen paper plz.
No. of workers Output Fixed cost Variable cost = 30 x workers TC =FC +VC 0 0 30 0 30 1 50 30 30 60 2 90 30 60 90 3 120 30 90 120 4 140 30 120 150 5 150 30 150 180 true or false Grade It Now Save & Continue Continue without saving
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.
1. Direct laborrate: $15.00perhour Production material: $375 per 100 items Factory overhead: 125% of direct labor Packing costs: 75%ofdirectlabor Desiredproﬁt: 20%oftotalmanufacturing cost use the above information to answer how many units must be sold to achieve a proﬁt of $25,000? [Note that the units sold must account for total production costs (direct and overhead) plus desired proﬁt. 2. A small textile plant was constructed in 2004. The major equipment, costs, and factors are shown below. Estimate the cost to build a new plant in 2014 if the index for this type of equipment has increased at an average rate of 12% per year for the past 10 years. Show work and Select the closest answer. a) $4,618,000 b) $10,623,000 c) $14,342,000 d) $ 14,891,000
Please no written by hand Acme, Inc. is currently producing 12,000 gadgets per year. Acme’s average total cost (ATC) is $18 per year. What is Acme’s total cost (TC) per year? a. $667 b. $108,000 c. $216,000 d. $500 e. $1500
In the short term, the company produces 800 units of production. The average variable costs (AVC) 93 rubles, the average fixed costs (AFC) 3 rubles. Determine the total costs (TC) of the firm? Solution: ____________________________________ ____________________________________________ ____________________________________________ ____________________________________________ ANSWER: ________________

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What is the impartance of estimating the aver age Vari able Cast or AvC, Jatal Variable Cost, Tatal Cot .average Fixed Cast, tatal physical product . Tatal Fixed Coat .awerage Variable cast, average Tatal Cast and Margimal Cast to Business and Planned activăties of a cormpamy?