A manufacturing company leases a building for $110,000 per year for its manufacturing facilities. In addition, the machinery in this building is being paid for in installments of $20,000 per year. Each unit of the product produced costs $14 in labor and $10 in materials. The product can be sold for $39. How many units must be sold each year for the company to earn a profit of $65,000 per year? Choose the closest answer below. A. 10,400 B. 13,000 C. 20,800 D. 7,800 E. 18,200

A manufacturing company leases a building for $110,000 per year for its manufacturing facilities. In addition, the machinery in this building is being paid for in installments of $20,000 per year. Each unit of the product produced costs $14 in labor and $10 in materials. The product can be sold for $39. How many units must be sold each year for the company to earn a profit of $65,000 per year? Choose the closest answer below. A. 10,400 B. 13,000 C. 20,800 D. 7,800 E. 18,200

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

new cruise missile guidance control. The i rst unit took 4,000 hours to complete and cost $30,000 in materials and equipment usage. The second took 3,200 hours and cost $21,000 in materials and equipment usage. Labor cost is charged at $18 per hour. The prime contractor has now approached URA and asked to submit a bid for the cost of producing another 20 guidance controls.a. What will the last unit cost to build?b. What will be the average time for the 20 missile guidance controls?c. What will the average cost be for guidance control for the 20 in the contract?
For a table manufacturing company, selling price for a table is $188.00 per Unit, Variable cost is $28.00 per Unit, rent is $4, 670.00 per month and insurance is $ 271.00 per month. Company wants to expand its business and improve the table quality, it wants to increase the selling price for a table to $350.00 per Unit, Variable cost to $48.00 per Unit, bigger area will have rent $6, 537.00 per month and insurance is $406.00 per month At what point will the company be indifferent between the current mode of operation and the new option?
Please no written by hand solutions
A process has a cycle time of 10 minutes. The throughput time is 10 hours. If the throughput time is reduced to 5 hours without changing the cycle time, what is the change in inventory (as a percentage)?
Question 1 4 pts Joan Zorba orders calculators for her office supply stores. Each calculator cost $35, currently she is ordering 230. Daily demand for these calculators is 5. The cost to re-order this item is estimated at $44, while the annual inventory holding cost is 22%. Orders are received two working days after an order is placed. The office operates 52 weeks per year, 5 days per week. What is the total annual cost using the EOQ? O Greater than or equal to $3377 and less than or equal to $3477 O Greater than or equal to $900 and less than or equal to $990 Greater than or equal to $4475 and less than or equal to $4576 Greater than or equal to $1688 and less than or equal to $1788 Next ▸
Frank is an engineer who had decided to leave his job making $150,000 per year to brew and sell craft beer. He spends $30,000 per year on ingredients and $20,000 per year to rent a space to brew. His sales revenue from selling his beer is $150,000 per year. (a) Assuming this information is complete and correct, calculate Frank's Accounting Profit. $ (Please enter your answer without the dollar sign) (b) Assuming this information is complete and correct, calculate the Frank's Economic Profit. $ (Please enter your answer without the dollar sign) 9:17 PM 72°F Clear pe here to search 5/13/202
Executive Letter of one page about the Engineering Financial Economic
Differentiate between the Capital (Ownership) Costs and Operating Costs?
Solutions for 8, and 12
Give examples of pre-start up expenses
average cost of producing 220 units
Complete solutions