A company's costs are shown below. What is total average cost per unit? Total variable costs Total fixed costs 15,647 units $6,375 ? Variable cost per unit? Fixed cost per unit Total average cost per unit $2.40 ? Round your answer to two decimal places. Do not round any intermediate calculations.
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- 3. The following information relates to CEE Company: (Refer to image). Assume that the company uses the average cost approach. What is the cost ratio? Express your answer in percentage and round up to two decimal points.Next, fill in average total cost in the table. (Enter your responses as real numbers rounded to two decimal places.) Labor Capital Output Total Cost Average Total Cost 0 1 0 $500 - 1 1 80 720 $nothing 2 1 240 940 nothing 3 1 320 1,160 nothing 4 1 360 1,380 nothing 5 1 380 1,600 nothingWhich of the following types of cost is shown in this table of cost data? Cost per Unit $6,000 3,000 2,000 1,500 b. fixed cost Number of Units C. variable cost d. period cost 1 A WN 2 3 4
- I need help figuring out the operating expenses Using the format y = mx + b, develop a cost formula for total expenses. (Round unit cost to 2 decimal places, e.g. 52.75 and all other answers to 0 decimal places, e.g. 5,275.) Operating expenses = $_________ X + $____________To determine the effect of different levels of production on the company’s income, move to cell B7 (Actual production). Change the number in B7 to the different production levels given in the table below. The first level, 100,000, is the current level. What happens to the operating income on both statements as production levels change? Enter the operating incomes in the following table. Does the level of production affect income under either costing method? Explain your findings.4. Compute gross profit earned by the company for each of the four costing methods. (Round your average cost per unit to 2 decimal places and final answers to nearest whole dollar.)
- Fill in the Blanks Calculate the missing values and express the answers rounded to two decimal places. Number Income of units (TR) per (TC) per (NI) per produced and sold (x) red Fixed costs Variable Selling Total (FC) per period Total price (S) Variable Revenue Costs Total Net Costs (VC) per per unit costs unit (TVC) perperiod period period period (TVC) (TC) (FC) (S) (x) (VC) (TR) (NI) $4 960,000 1,510,000 a) $ 82,500 $ 1520 $4 350 $4 650,940 b) $ 780 $2020 4800 $ 320,600 $4 975,300 1,700,000 $-15000 70 $ 5250 $ 40,000 d) a. VC %24A company's average cost per unit when x units are produced is defined to be Average cost = Total cost x . Suppose a company's average costs are given by Average cost = 6000 x + 35 + 0.2x. Express the average-cost formula as a single fraction. Average cost =Compute the missing amounts in the contribution income statement shown below: (Round "Per Unit" answers to 2 decimal places.) Number of units sold Sales Variable costs Contribution margin Fixed costs Income Company A Per unit Total S 374,100 $ 87.00 249,400 $ 86,000 Company B 2,250 Total 94,500 123,750 47,250 Per unit
- (1)Use the graph to answer the question that follows. Based on the chart above, if the product sells at a price of $3 per unit, what is the marginal revenue product of the second unit of labor? A-$30. B-$45. C-$90. D-$120. E-Indeterminate (2)The number of units of output that a machine will produce increases, ceteris paribus. How will this change in productivity affect demand for the machine? A-Demand for the machine will increase. B-Demand for the machine will decrease. C-There will be no change in demand for the machine. D-Demand will not change, but quantity demanded will decrease. E-Demand will not change, but quantity demanded will increase.Given the following information determine the FIXED COST at high volume using the high-low method: Sales = 48,000 , Supplies Costs = 4,750 ; Sales = 41,200 , Supplies Costs = 3,100 ; Sales = 43,000 , Supplies Costs = 4,210; Sales = 24,000 , Supplies Costs = 2,640. NOTE: USE up to 8 (eight) decimal places of the variable component in your computation.Compute the missing amounts in the contribution income statement shown below: (Round "Per Unit" answers to 2 decimal places.) Number of units sold Sales Variable costs Contribution margin Fixed costs Income Company A Total Per unit $ 567,100 $107.00 360,400 $ 132,500 Company B 2,500 Total 155,000 212,500 77,500 Per unit Ⓒ []