With the table started as indicated below, calculate the cell indicated as an Qx stands for quantity (units) of variable input (for instance, units of an equipment) Px price of the variable input = $3000/unit Price of output is $150 per unit TFC is assumed to be 7,500 (e.g. leasing an office space) Qx TPP MPP APP TVC TC AVC ATC TR MRP MC MR 0 0 1 20 2 50 3 30 50 36 6 200 7 8 -20 4.
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- Suppose the cost of flying a 200-seat commercial airplane is as follows: Crew wages: 35617 AED Service of maintenance personnel and equipment: 16551 AED Cost of a passenger meal (provided complimentary to all passengers onboard): 45 AED Cost of issuing a boarding pass and luggage handling per passenger: 8 AED Just before departure, there are 10 empty seats. Just before departure, what is the minimum ticket price to allow one more passenger into the flightBusiness Unit A, the supplying business unit, is selling to an outside market. It has excess capacity and can use it to transfer product to the receiving business unit, Business Unit B. Business Unit A does not incur incremental fixed costs in the production of the units supplied to Business Unit B. The formula to calculate the transfer price in this scenario is:? a. (Total variable costs + incremental fixed cost) ÷ total units supplied b. (Total variable costs + Contribution margin lost) ÷ total units supplied c. (Total variable costs + incremental fixed costs + Contribution margin lost) ÷ total units supplied d. Total variable costs ÷ total units suppliedA plant has sufficient capacity to manufacture any combination of four different products (A, B, C, D). For each product, time is required to be invested in four different machines, which is expressed in hours per kilogram of product, as shown in the following table as shown in the following table: (attached image) Each machine has an availability of 60 hours per week. Products A, B, C and D can be sold at $9, $7, $6 and $5per kilo, respectively. Variable labor costs are $2 per hour for machines 1 and 2, and $3 per hour for machines 3 and 4. The material costs for each kilogram of product A are $4. The material costs for each kilogram of products B, C, D and D are $4 each kilogram of products B, C and D are $1. What needs to be done:Formulate a profit-maximizing PL model given the maximum demand per product shown in the table (there are 16 variables). Note: Do it by hand, no computer
- Given the following information, 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.]Which of the following best defines a sunk cost? A. Costs that have already been incurred and cannot be recovered. B. The variable costs associated with increasing production. C. The total costs including both fixed and variable costs. D. Future costs that are expected to be incurred as a result of current decisions.The economically destructive price spike of 2007–2008 occurred when spare production capacity fell below 1 mbpd, causing a run-up in oil price from $50 to $145 per barrel. An issue for world oil spare capacity is the internal consumption of OPEC producers. OPEC production has ranged between 30 and 33 mbpd since 2004. Internal use is currently about 25% of total OPEC production, but it is growing by 2% per year. The internal consumption growth is largely for nonelastic end uses such as electricity generation, water treatment, and new buildings. If the current world spare capacity is 2 mbpd and the OPEC total production does not increase beyond 33 mbpd, how many years will it take for the spare capacity to fall below 1 mbpd again?
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- The total relevant cost (TRC) of holding inventory in a plant for purchased materials is given as: TRC = (6000)(60/Q) + (0.30)(12)(Q/2) + (6000)(12) where Q = economic order quantity. Determine the total optimum relevant cost (TRC).Henleigh Hill, CFO of HH Corp., uses a decentralized company processing center for check collection. She estimates that the total annual cost of collections is currently $300,000. Henleigh is considering switching to a centralized company processing center, but she is worried about the required increase in fixed costs. Use the following assumptions to determine the maximum fixed cost of the centralized company processing center that would make Henleigh indifferent between a decentralized or centralized company processing center. Number of checks processed per year = 450,000 Average face value of checks = $1,000 Collection float for centralized processing = five days Variable processing cost per check for centralized processing = $0.25 Opportunity cost rate = 5 percentThe Lead Zeppelin Company produces powered and steerable lighter-than-air craft. The company’s airships are specially lined and are therefore safer than normal dirigibles. The table below shows the weekly production of dirigibles, along with the associated Average Cost and Total Revenue figures (the Average Cost and Total Revenue figures are actually in thousands of dollars, so the $15 represents $15,000, but we have left off the zeros to save space). Quantity Average Cost Total Cost Total Revenue 0 -- 0 $0 1 $15 15 $10 2 $9 18 $20 3 $8 24 $30 4 $8.50 34 $40 5 $9 45 $50 6 $10 60 $60 7 $12 84 $70 The Lead Zeppelin Company has decided that it will produce at least 1 dirigible. Now the question becomes, how many more dirigibles should it produce to make as much profit as possible? Use the profit-maximizing rule to explain how many dirigibles the Lead Zeppelin Company should produce to…