The costs of production of the firm are composed of 125 in Fixed cost, variable costs of 36 per unit produced and depreciation charges are given by the expression 0.05Q2. Find the level of output which would minimize average cost of production per unit
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The costs of production of the firm are composed of 125 in Fixed cost, variable costs of 36 per unit produced and
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- Find the Break Even Quantity of production for the following information. Given: Investment = $300,000 Salvage = $20,000 interest = 15% N (period) = 7 Annual Expenses = $15,000 Gross Margin per unit = $75 Variable cost per unit = $15 Depreciation is Straight Line USE MICROSOFT EXCEL FORMAT SHOW FORMULAS USED12 Richmond, Inc. uses absorption costing for external reporting and variable costing for its internal analysis. For its first year of operations, the company showed the following: Production Selling/admin 30,000 45,000 Total Variable costs $ 272,000 $ Total Fixed costs $ 180,000 $ 30,000 units Units produced If the company's reported net operating income (NOI) under absorption costing was $21,000 higher than its internal NOI using variable costing, how many units were sold during the period? 26,500 units 27,200 units A. В. C. 32,800 units D. 33,500 units Е. None of the aboveCover-to-Cover Company is a manufacturer of shelving for books. The company has compiled the following cost data, and wants your help in determining the cost behavior. After reviewing the data, complete requirements (1) and (2) that follow. UnitsProduced TotalLumberCost TotalUtilitiesCost Total MachineDepreciationCost 7,000 shelves $84,000 $9,050 $140,000 14,000 shelves 168,000 17,100 140,000 28,000 shelves 336,000 33,200 140,000 35,000 shelves 420,000 41,250 140,000 For each cost, determine the fixed portion of the cost, and the per-unit variable cost. If there is no amount or an amount is zero, enter "0". Recall that, for N = Number of Units Produced, Total Costs = (Variable Cost Per Unit x N) + Fixed Cost. Complete the following table with your answers. Round variable portion of cost (per unit) answers to two decimal places. Cost Fixed Portionof Cost Variable Portionof Cost (per Unit) Lumber Utilities Depreciation
- Apple wants to launch a new product. it is observed that the fixed cost of the new product is $35,000 and the variable cost per unit is $500. The revenue function for the sale of D unit is 5000D-100 D2. The company's break even points areA firm wishes to determine the efficiency and utilization of a work center composedof 5 machines each working 16 hours per day for 5 days a week. A study undertakenby the materials management department found that over the past 50 weeks the workcenter was actually working for 16,000 hours, and work performed was 15,200 standard hours. Calculate the utilization, efficiency, and demonstrated weekly capacity.Store Local Department Store Across Town Neighboring City Travel Time Each Way (Minutes) 15 30 60 Juanita makes $16 an hour at work. She has to take time off work to purchase her skirt, so each hour away from work costs her $16 in lost income. Assume that returning to work takes Juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. As you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling. Store Local Department Store Across Town Price of a Skirt (Dollars per skirt) 103 87 64 Complete the following table by computing the opportunity cost of Juanita's time and the total cost of shopping at each location. Opportunity Cost of Time (Dollars) Neighboring City Price of a Skirt (Dollars per skirt) 103 87 64 Total Cost (Dollars) Assume that Juanita takes opportunity costs and the price of the skirt into consideration when she shops. Juanita will minimize the cost of the skirt if she buys it from the…
- Carl is curious about the original cost of the digital imaging equipment he uses at the First National Bank. Accounting cannot tell him the cost, butthey know the annual depreciation over an 8-year period is $18,900 per year. If all items are straightline depreciated and the salvage is always 25% of the first cost, estimate the original cost.The only owner-supplied input in a corporation is its equity, which is the value of the corporation's assets less any debts owed to its creditors. The equity of the XYZ Corporation this year is $1,000,000, and the owner forgoes a return of 8% per year by keeping the equity in the corporation. The accounting profits for the year are $50,000. This year, the XYZ Corporation O a. incurred an economic loss of $50,000. O b. earned zero economic profit. O c. incurred an economic loss of $30,000. O d. earned an economic profit of $30,000. O e. earned an economic profit of $50,000.Compute the interest paid on a 4-year lease for a $27,671 car if the annual rate of depreciation is 12% and the lease's annual interest rate is 4.3%.
- ackboard e x CO Remaining Time: 1 hour, 51 minutes, 17 sec = Question Completion Status: QUESTION 13 indicate whether the inputs below are variable (V) or fixed (F) in the short run. Output Input Meat hamburgers. in Fire insurance in dry cleaning. Tires in automobiles. Property tax in textile production. Gasoline in trucking services. Depreciation aircraft production. in For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 14px "lick Save and Submit to save and submit. Click Save All Answers to save all answers. !!!A company produces and sells a product and fixed costs of the company are a500000 Baisa and variable cost is RO. (35+K) per unit, and sells the product at RO. (70+M) per unit. Find the total cost function. b. Find the total revenue function. Find the profit function and determine the profit when 1250 units are sold. d. How many units must be produced and sold to yield a profit of RO. 20000? How many units must be sold to break even?A company makes a product with a selling price of $20 per unit and variable costs of $ 12 per unit. The fixed costs for the period are $34060. What is the required output level to make a target profit of $15,000?