C= 0.1q3 -0.5q2 +500q +200
When q=4000 ,that means q=4 thousand C = 0.1(4)3 - 0.5(4)2 + 500(4)+ 200
= 6.4 - 8 + 2000 +200 = $2198.4 thousand
When q=4100 , that means q=4.1 thousand . So, C = (0.1)(4.1)3 - 0.5(4.1)2 + 500(4.1) + 200
= 6.89 - 8.4 +2050 +200 = $2248.49 thousand
Because of change in quantity from 4000 to 4100 units, cost increases by $(2248.9-2198.4)= $50.09 thousand.
UL 4 MANUFACTURING A manufacturer's total cast is C(q) = 0.12% - 0.592 + 5000 +...
Suppose that the total cost in dollars of manufacturing q units is C(q) = 3 + + 500. Let A be the cost producing 41 unit we find by using marginal ansalysis and B be the actual cost producing 41". Then A - B is: Select one: a. O o b.-3 OC. 3 Od. 6 e. - 6
The total cost (in dollars) of manufacturing x auto body frames is C(x) = 20,000 + 500x. (A) Find the average cost per unit if 50 frames are produced. (B) Find the marginal average cost at a production level of 50 units. (C) Use the results from parts (A) and (B) to estimate the average cost per frame if 51 frames are produced. (A) If 50 frames are produced, the average cost is $_______ per frame. (B) The marginal average cost at a production level...
The total cost (in dollars) of manufacturing x auto body frames is C(x) = 50,000+ 900x. (A) Find the average cost per unit if 400 frames are produced. (B) Find the marginal average cost at a production level of 400 units.(C) Use the results from parts (A) and (B) to estimate the average cost per frame if 401 frames are produced. (A) If 400 frames are produced, the average cost is $_______ per frame.
8. 0.6/4 points | Previcus Answers My Notes This is Section 6.1 A company that produces skis has the Cobb Douglas production function Q=/(x,y)-180x0.,0.3 , where Q is the number of pairs of skis produced per month, x is the number of thousands of labor hours per month and y is the value of the equipment in units of thousands of dollars. The company currently has a labor force of 3,000 labor hours per month and $50,000 of capital skis...
1)A linear cost function is C(x) = 6x + 450. (Assume C is measured in dollars.) (a) What are the slope and the C-intercept? slope C-intercept (b) What is the marginal cost MC ? MC= What does the marginal cost mean? Each additional unit produced costs this much (in dollars). If production is increased by this many units, the cost decreases by $1. Each additional unit produced reduces the cost by this much (in dollars). If production is increased...
(Q.4) Gower, Inc., a manufacturer of plastic products, reports the following manufacturing costs and account analysis classification for the year ended December 31, 2012. Account Direct materials Direct manufacturing labor Power Supervision labor Materials-handling labor Maintenance labor Depreciation Rent, property taxes, and administration 0% variable Amount $300,000 225,000 37,500 56,250 60,000 75,000 95,000 100,000 Classification All variable All variable All variable 20% variable 50% variable 40% variable 0% variable Gower, Inc., produced 75,000 units of product in 2012. Gower's management...
The management of Shatner Manufacturing Company is trying to decide whether to continue manufacturing a part or to buy it from an outside supplier. The part, called CISCO, is a component of the company’s finished product. The following information was collected from the accounting records and production data for the year ending December 31, 2020. 1. 7,900 units of CISCO were produced in the Machining Department. 2. Variable manufacturing costs applicable to the production of each CISCO unit were: direct...
(4) (You must show all your work). Answer the following (independent) questions. (a) The approximate temperature T of the skin in terms of the temperature T, of the environment is given by T = 32.8 + 0.27(T,-20) where T and T, are in degree Celsius. Find the rate of change of T with respect to T (b) The value V of a certain machine after t years have elapsed is given by V = 120, 00-15, 50t where 0 t=47...
Problem 20-02A a-c The management of Shatner Manufacturing Company is trying to decide whether to continue manufacturing a part or to buy it from an outside supplier. The part, called CISCO, is a component of the company's finished product. The following information was collected from the accounting records and production data for the year ending December 31, 2020. 1. 7,900 units of CISCO were produced in the Machining Department. 2. Variable manufacturing costs applicable to the production of each CISCO...
a) Problem 1: What is your total for Inventory? See
circle on the printed exercise.
b) Problem 1: What is your total for Net Income? See
circle.
c) Problem 2: What is your total for Cost of Goods Sold?
See circle.
d) Problem 2: What is your total for Net Income? See
circle.
e) Problem 2: What is your total for Ending Inventory
(in dollars)?
Instructions: Use the horizontal analysis on the next page to record the following transactions. Remember,...