For a firm total revenue is 120000, cost of raw materials is 40000, wages of labor 18000, other expenses are 5000, Total implicit cost is 33000.What is accounting profit. Select one: O a. 68000 Ob. 24000 c. 57000 Od. 87000

Q: In Sheridan Company, total materials costs are $37,600, and total conversion costs are $61.560 for…

A: Materials Cost per unit = Total Materials Costs / Number of Units =$37,600/10,000 =$3.76…

Q: 8. Tom borrowed Php500,000 from her parents to open a spa. He pays her parents a 5% yearly return on…

A: Economic profit is the difference between revenue and total cost where total cost includes both…

Q: Variable Output -42 1 2 3 TVC TC AFC 400 700 O $200 O $250 1000 4 Use the above table and assume…

A: We have given the cost schedule in which fixed cost is $1000

Q: a. ABC Company produces 100 pendants per day. The total fixed cost for the plant is $5000 and the…

A: a. Total fixed cost refers to the fixed cost per unit. Total fixed cost can be calculated as…

Q: Hypothetical problem A corn farmer produces 300 sacks of corn at 50 kgs./sack. • Prevailing price of…

A: The total cost incurred by a firm in the market includes fixed costs and variable costs. Fixed costs…

Q: a. ABC Company produces 100 pendants per day. The total fixed cost for the plant is $5000 and the…

A: Total fixed cos is the cost which does not change over a period of time in the economy. Variable…

Q: baample 1 lat g= $(1,k) = ¢ K be P-30, w= 10 The prodmtion res. tind the' of tmum input gh Kambin…

A: Answer: Given production function: FL,K=L13K12 P=30 w=10 r=5 The total cost (TC) function of this…

Q: The University Café earned 20 TL by selling 10 bagels in one day. What is the price of the bagel in…

A: Price times quantity gives the total revenue of a firm.

Q: a) You have been given the following information on costs. Segregate them into fixed and variable…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: s AED 5300/- Direct labor cost per day is AED 8200.00 and factory over head is AED 4200.00 . If he…

A: Factory Costs are the expenses that are incurred by the business to manufacture goods that are…

Q: A firm is asked to find the company's Break-Even and Shut-Down points. Fixed Costs remains at…

A: Q TC VC FC ATC AVC AFC MC 0 1000 0 1000 0 0 0 0 110 3100 2100 1000 28.18 19.09 9.09 19.09 200…

Q: 13 Aabir, a milk farmer, earns $300k per month in revenue. His monthly costs include Administrative…

A: In economics, the difference between accounting profit and economic profit if accounting profit does…

Q: Hypothetical problem A corn farmer produces 300 sacks of corn at 50 kgs./sack. Prevailing price of…

A: Total cost = Total fixed costs + Total variable costs Average fixed costs = Total fixed costs /…

Q: 8. A dealer makes a net profit of 40% based on when he sells a computer for RM 1350. If the…

A: Breakeven price "it is amount of money or change in value for which  an asset must be sold to cover…

Q: 3. A plywood manufacturer produces a piece of plywood as a labor cost of PO.50 and material at…

A: Break-even point refers to the situation where the total revenue is equal to total cost.

Q: A manufacturer of cassette tapes expects a fixed cost of $55,000. It plans to work on margin of…

A: (i) The revenue function of a firm shows the total amount received by the firm from the sale of its…

Q: Metters Cabinets, Inc., needs to choose a productionmethod for its new office shelf, the Maxistand.…

A: Profits for a producer are maximized where the total cost per unit of production is least . Total…

Q: Menemenspor Company needs to determine the production plan for the 3 periods whose demand values are…

A: a) The number of items that a worker can produce in a day shows per day productivity of a worker. It…

Q: A firm can produce only 2900 units per month. The monthly total cost is given by C(x) = 400 + 200x…

A: A firm’s main objective is to maximize its profits which it does by producing at an output where the…

Q: 61. The average total cost pf producing 50 units is Rs.250 and total fixed cost is Rs.1000. What is…

A: There are basically two types of costs i.e. fixed costs and variable costs. Fixed costs remain…

Q: Hactory produces 20 units of output. Its average faed cost (AFC) - $25, everage total cost (ATC) -…

A: Output: Q=20 AFC=$25 ATC=$35 MC=$15   Variable cost is that cost which varies with output…

Q: 14) Sophie Corporation recently produced and sold 107,000 units. Fixed costs at this level of…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: A firm has the capacity to produce 650,000 units of product per year. At present, it is operating at…

A: a) Given that firm is operating at 64% of capacity. So,Annual Production = 650,000 x 64% = 416,000…

Q: A firm had sales revenue of $1 million lastyear .Its pent $600,000 on labor,$150,000 on capitaland…

A: The accounting profit refers to the profit which the firm receives after it has done for the…

Q: Lydia is trained as a statistician. She has a job offer with a buuness cons However, she wants to…

A: An economic profit is the difference between the revenue a commercial entity has received from its…

Q: You're company manufactures on large scale unit and it has been shown that marginal or variable cost…

A: Answer- Need to find- Determine by integration the total cost, the total revenue , the break even…

Q: Upon graduating with an accounting degree, you open your own accounting firm of which you and your…

A: Total revenue=$120,000 Cost=50000+30000=80,000

Q: For 9 units of a product, a manufacturer's cost is C(9) dollars and revenue is R(g) dollars, with…

A:

Q: A firm had sales revenue of $1 million last year. It spent $600,000 on labor, $150,000 on capital…

A: Given: Sales revenue=$1 million Labor=$600,000 Capital=$150000 Materials=$200000 To find: Firm’s…

Q: 1. Assuming that the company sells all that it produces, what is the profit function? P(z) = Hint:…

A: Note: The question has more than three sub parts. We shall solve the first three sub parts at a…

Q: Calculate accounting profit if :- Total revenue = $3000 Explicit cost = $3000

A: The data presented in the question above is:- Total revenue = $3000   Explicit cost = $3000…

Q: Problem 11. Calculate AVC and MC at each level of output from the following aatu. Gutput (Units) 4.…

A:

Q: 9. For the cost function CiO) = 100 - 20 -302 the marginal cost of producing 2 units of outout is b.…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: abour                    total product 0                             0  1…

A: "Factors of production are resources that are used to produce a good or service." There are various…

Q: business incurs the following costs per unit: Labor $125/unit; Materials $45/unit and rent…

A: Total variable cost is the aggregate amount of all variable costs associated with the cost of goods…

Q: 2. A certain firm has the capacity to produce 650,000 units of a certain product per year. At…

A: Answer: Given, Maximum capacity = 650,000 units Present output=650,000×62100Present output=403,000…

Q: Hypothetical problem A corn farmer produces 300 sacks of corn at 50 kgs./sack. Prevailing price of…

A: The functional relationship between the factors of production (inputs) and output is shown by the…

Q: eglt ots wn $10.000 nd imolick cots ae $72,000, economic profit is ting profit by E

A: An economic profit is the difference between the revenue a commercial entity has received from its…

Q: 2. Which one of the following is average total cost (ATC) if the output is 100 units and total cost…

A: Average cost or unit cost is equal to total cost divided by the number of units of a good produced…

Q: Thread Club produced 700 sweatshirts with a production cost $11.25 per sweatshirt. This month, they…

A: As per the question, it is given that Quantity of sweatshirts produced by Thread club = 700…

Q: QUESTION 9 A company currently sells for $100 a product that has a variable cost per unit of $48.…

A: Variable costs change in light of how much result created. Variable expenses might incorporate work,…

Q: How much overhead was applied during the year? I A. $231,000 B. $150,000 C. $166,000

A: The labor marketplace is a type of marketplace structure wherein the trade of labor services for…

Q: 9. For the cost function CIQ) = 100 - 20 - 302, the marginal cost of producing 2 units of outout is…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Printer quotes a price of a birr7500 for printing 1000 copies of a book and birr.15000 for printing…

A: Here, it is given that the price of 1000 copies is birr7500, while the price of 2500 copies is…

Q: A firm had sales revenue of $ 1million last year.It spent $600, 000 onlabor,$150,000 on capital and…

A: Accounting profit = Total revenue - Explicit costs Total revenue = $1,000,000 Explicit costs=…

Q: Jaynet spends $30,000 per year on painting supplies and storage space. She recently re a job offer…

A: ANSWER STEP-1 Accounting profit and Economic profit may be calculated as follows:…

Q: CV TR TC NB MR MC NMB 80 60 20 60 2. 140 30 3 180 90 40 4 200 140 50 (30) The profit maximizing…

A: CV TR TC (MCn + MCn+1) NB (TR-TC) MR (TRn -TRn-1) MC NMB (MR-MC) 0 0 0 0 0 0 0 1 80 20 60 80 20…

Q: Zach took $400,000 out of the bank and used it to start his new cookie business. The bank account…

A: Answer; Option d is the correct answer,