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- The figure shows graphs of the total cost function and the total revenue function for a commodity. (Assume cost and revenue are measured in dollars.) 500 400 300 200 100 میرا 10 20 30 (a) Label each function correctly. function A -Select- function B -Select- (b) Determine the fixed costs. (c) Locate the break-even point. A B 40 50 60 Determine the number of units sold to break even. units (d) Estimate the marginal cost MC and marginal revenue MR. MC = MR-IceLess is an anti-icing solution sold in gallon plastic jugs. It is poured into the windshield washer bottle of your car. Wash your windshield and the solution prevents the glass from icing over for about four hours. Production incurs the following fixed and variable costs. It is priced initially at $5.50 per gallon. 1. Fixed costs (per year) Rent Utilities Managerial salaries Flammability permit Other fixed expense Total fixed $18000 13200 20000 12000 2400 $65600 Variable Costs per gallon Glycol FreezeFree 312 Mfg labor Packaging Inert ingredients Advertising Total $1.50 .50 .20 .20 .60 .30 $3.30 What is the annual breakeven production quantity (use above data, show work)? 2. What revenue would the sale of the breakeven quantity for $5.50 per gallon generate? 3. The production department says 29000 gallons is its maximum production capability. Management insists on earning $94400 above fixed costs. All costs are as given initially. What price must be charged per gallon if only 29000…Automobile traffic creates two types of operating costs thatare not created by rail traffic. What are they?
- 1 points Save Answet A firm produces 200 units and the total cost of production is $4000. When they increase output to 220, the cost rises to $4200. Calculate the marginal cost? Show step by step calculation. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) BIUS Paragraph Arial 14pxGiven the cost information below if this firm increases its production and sales from 3 to 4 unites per day given a market price of $2500 per unito the profit margin: Quality produced/day Total Cost 0 $2k 1 $2500 2 $2800 3 $3300 4 $4100 5 $5300 6 $7k a.) will fall b.) will stay the same c.) will increasewhen studying the in formation related to Al- Kufa factory itis explained that selling price for one ton is 200 ID and 1- Variable cost for one ton reaching 150 ID 2- Fixed costincluding the project construction costs was 48 million ID 3- Suppose that the designed factory productivity reaches 46000 ton per year for one work shift Find the production volume and the time thatitmust be reach to Break- Even point
- sarah earns 400 per week and spends 15% of her earning on tranpotation every weekJony furniture store examines its inventory policy and considers using an economic order quantity (EOQ) approach. They have the following information about a table set: Annual demand Current order qu Carrying cost Order cost 3.920 sets 30 sets $80.00/set/year $200 a. What is the current total annual cost (TC) b. What is the economic order quantity (EOQ)? c. What is the total annual cost at the economic order quantity (EOQ)G IVEN: F IXEO COST - f 14,000 , 000.00 VARIABLE COST - P 8750.00/ UNT SE LLING PRICE = 15,000.'00/ UN 4) WHAT IS IFIE PRESENT BREAK-EVEN NUMBER OF UMTS ? B) N HIAT stHOULD BE THE NEW SELLINC PRICE IN ORDER 1HAT 11IE NEW BREAK EVEN NUMBER OF UNITS SHALL JUST BE 90% OF THE PRESENT BREAK EVEN NUMBER OFnite
- What is the total cost associated with producing eight units of the control varlable, a (identify point B in the tablej? 34 Marginal Harginal Harginal Net Bеnefit Control Total Net Costs Benefits Benefit Total variable Benefits Cost Sepped B(Q) C(Q) MB(0) MC(0) MND (0) 900 100 800 900 100 800 2 1,700 300 800 200 600 2,400 600 1,800 700 E 400 1,000 1,500 400 500 2,000 2,000 1,800 1,400 4 600 200 3,500 500 3,900 2,100 D 600 -200 4,200 4,400 4,500 2,800 300 700 -400 800 200 800 -600 4,500 100 900 -800 10 4,500 5,500 -1,000 1,000 -1,000 Mutiple Choice 3,000 3,600 3,800 4,200accounting profit by Weplit costs wn $160,000 and implick costs are $72,000, economic profit is3. A company in the US has traditionally been outsourcing toy production to Vietnam The table below shows the cost breakdown of its total landed cost on DDP Cost components $ $ $ $ $ $ $ Process Product price at factory Transport to port Customs clearance documentation at Vietnam port Ocean freight Insurance for ocean freight Customs duties at US port (assume 10% average) Inland trucking within US per trip $ 8,000 500 50 1,000 160 800 300 Total landed cost The company is looking into the use of robotics and automation to make the toys in the US. What is the maximum production price of the factory in order to be cost competitive with the import from Vietnam? ms. 10,810