The cost of producing a certain commodity consists of 45.00 per unit for labor and material cost and 15.00 per unit for other variable cost. The fixed cost per month amounts to $450,000. If the commodity is sold at 250.00 each, what is the break-even quantity?
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- 1. A company in the process industry produces a chemical compound that is sold to manufacturers for use in the production of certain plastic products. The plant that produces the compound employ approximately 300 people. (12 pts) Develop a list of six different cost elements that would be fixed and a similar list of six cost elements that would be variable. FIXED COSTS VARIABLES COSTS 1. 2. 1. 3. 3. 4. 4. 5. 5. 6. 6. 2/345n62. Suppose you are given the following cost data for a product. q (units) C (dollars) 4693 4831 5001 405 420 440 (a) Use averaging to estimate MC(120) (give units of yOur answer). (b) If the revenue (in dollars) from sclling q units is R= 13.78q. estimate the effect on profit of producing and selling the 421st unit. %3DCover-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
- Which of the following cost functions exhibits cost complementarity? why? A -302 + 401 B. 5Q102 - Q1 C. Q201 - 201 D. -50102 - 701SuProse a liim hus revenue R=15t- 5q2 und (Ost (= 93-13.5e+ 50+ 40. Make a sketch of average Variable cOst, marginal (ost and maigina fevenue.Blake&Sons run a business of manufacturing animal trackers in Lansing, Michigan. It employs a total of 60 workers for $30 per hour wage rate. Expenses incurred on materials including metal and wiring sum up to $2800. Miscellaneous costs like energy and infrastructure are half of material costs.In January, the firm produced 10,000 trackers, with each employee working for 10 hours. If each tracker is sold for $20, find the following:a) Labor productivity per hourb) Labor productivity per dollarc) Multifactor productivity (Output income)d) Multifactor productivity (Output units)
- Pieces moved per day between work areas are Three departments-milling (M), drilling (D), and sawing (S)-are assigned to three work areas in Victor Berardis's machine shop in Vent, Ohio. The number of work pieces moved per day and the distances between the centers of the work areas, in feet, are shown to the right. M 22 34 20 It costs $2 to move 1 workpiece 1 foot. The total material handling cost of the layout = $ whole number). (enter your response as a %3D Distances in feet between centers of the work areas are: M MDS MDSMetters Cabinets, Inc., needs to choose a production method for its new office shelf, the Maxistand. To help accomplish this, the firm has gathered the following production cost data: Variable costs (per unit) ($) Process type Annualized fixed cost labor material energy Of plant & equip. Intermittent $1,000,000 24 26 20 Mass customization $1,190,000 30 18 12 Repetitive $1,385,000 28 15 11 Continuous $1,660,000 25 15 10 Determine the most economical…31. A company produces a certain commodity. The labor and material cost for each item produced is P65. Other variable cost is P28 per unit. The fixed monthly cost is P440,000. If each item is to be sold at P170 determine the number of units that must be produced per month in order to break-even
- A U.S. manufacturing company operating a subsidiary in an LDC (less-developed country) shows the following results: U.S. 90,000 20, 105 $19,550 (US) 63,000 Sales (units) Labor (hours) Raw materials (currency) Capital equipment (hours) (FC) Foreign Currency unit a. Calculate partial labor and capital productivity figures for the parent and subsidiary. (Round your answers to 2 decimal places.) This is a numeric cell, so please enter numbers only. Labor product Capital productivity LDC 20,010 15, 120 21,000 (FC) 5,1202-19. Acellphonecompanyhasafixedcostof$1,500,000 per month and a variable cost of $20 per month per subscriber. The company charges $39.95 per month to its cell phone customers. (2.2) a. What is the breakeven point for this company? b. The company currently has 73,000 subscribers and proposes to raise its monthly fees to $49.95 to cover add-on features such as text messaging, song downloads, game playing, and video watching. What is the new breakeven point if the variable cost increases to $25 per customer per month? c. If 10,000 subscribers will drop their service because of the monthly fee increase in Part (b), will the company still be profitable? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Using the following assumptions calculate the marginal cost of both a simple cycle and combined cycle gas generator: Simple Cycle hear rate (GJ/MWh) 10 Simple Cycle Variable O&M ($/MWh) $3.50 Combined Cycle heat rate (GJ/MWh) 7 Combined Cycle Variable O&M ($/MWh) $5.00 Gas Price ($/GJ) $3.00 Tonnes of CO2 per GJ 0.051 Carbon Price ($/Tonne of CO2) $20.00 a) What is the variable cost of a simple cycle and combined cycle plant? b) What do the differences in variable cost suggest about each technology’s capacity factor? c) What would happen if carbon prices when to $170/tonne? d) How do you think a $170/tonne carbon price would impact electricity prices?
