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![to monimize profit of Tz0 do TO 3109-0.292-20,000] =j 310-0140=0 $9.49 27310 Q = 310 9=775 So, P= $350-0.2 [775] 3350 -155 3](http://img.homeworklib.com/questions/88616170-7a42-11ea-99d6-6f23e83c617f.png?x-oss-process=image/resize,w_560)
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111 A firm is planning to manufacture a new product. As the selling price is increased,...
1)A farmer must decide what combination of seed, water, fertilizer, and pest control will be most...
1)A farmer must decide what combination of seed, water, fertilizer, and pest control will be most profitable for the upcoming year. following table; The local agricultural college did a study of this farmer's situation and prepared the Plan Cost/acre (S) Income/acre (S) 575 1700 1950 2325 900 2100 2250 2600 List the plans in order of most desirable to least, and briefly explain why. (2 pts) 2) A start-up company is planning on manufacturing a new product. the quantity that...
1-Towards the end of the 20th century, the U.S. government wanted to save money by closing...
1-Towards the end of the 20th century, the U.S. government wanted to save money by closing a small portion of its domestic military installations. While many people agreed that saving money was a desirable goal, people in areas potentially affected by a closing soon reacted negatively. Congress finally selected a panel whose task was to develop a list of installations to close, with the legislation specifying that Congress could not alter the list. Since the goal was to save money,...
Ionic Charge, is a newly organized manufacturing business that plans to manufacture and sell 60,000 units per year of a new product.
Ionic Charge, is a newly organized manufacturing business that plans to manufacture and sell 60,000 units per year of a new product. The following estimates have been made of the company’s costs and expenses (other than income taxes). FixedVariableper UnitManufacturing costs:Direct materials$25Direct labor15Manufacturing overhead$500,0008Period costs:Selling expenses2Administrative expenses300,000Totals$800,000$50 Required:a. What should the company establish as the sales price per unit if it sets a target of earning an operating income of $700,000 by producing and selling 60,000 units during the first year of operations? (Hint:...
A factory manager is planning for the manufacture of plywood to be sold overseas. The fixed...
A factory manager is planning for the manufacture of plywood to be sold overseas. The fixed cost of operation is estimated at $800.,000 per month while the variable cost is $155 per thousand board feet of plywood. The selling price will depend on how much will be produced and sold and is determined by the relationship, price per thousand board feet, p $600-0.05D, where D is the amount produced and sold in thousands of board feet. Determine the monthly production...
Suppose that in a city there are 100 identical stores selling the same product. The total...
Suppose that in a city there are 100 identical stores selling the same product. The total daily market demand function for the produce in the market is QD =250,000 – 10,000P, where P is expressed in dollars per unit. The daily market supply curve is QS = -50,000 + 20,000P a. Determine algebraically the equilibrium price and quantity of product. b. Now suppose the market is monopolized (e.g., a cartel is that determines price and quantity as a monopolist would)....
$51 $54 $75 $86 The management of Musselman Corporation would like to set the selling price...
$51
$54
$75
$86
The management of Musselman Corporation would like to set the selling price on a new product using the absorption costing approach to cost plus pricing. The company's accounting department has supplied the following estimates for the new product Per Unit Per Year $ 27 $ 16 Direct materials Direct labor Variable manufacturing overhead Fixed annual manufacturing overhead Variable selling and administrative expenses Fixed annual selling and administrative expenses $216,000 $ 3 $ 72,000 Management plans to...
du II 111 2-22 A small company manufactures a certain product. Variable costs are $20 per...
du II 111 2-22 A small company manufactures a certain product. Variable costs are $20 per unit and fixed costs are $10,875. The price-demand relationship for this product is P = -0.25D + 250, where P is the unit sales price of the product and D is the annual demand. • Total cost = Fixed cost + Variable cost • Revenue = Demand > Price • Profit = Revenue – Total cost Set up your graph with dollars on the...
A manufacturer is planning to sell a new product at the price of 360 dollars per unit and estimat...
A manufacturer is planning to sell a new product at the price of 360 dollars per unit and estimates that if x thousand dollars is spent on development and y thousand dollars is spent on promotion, consumers will buy approximately+ units of the product. 150y 250x \+4 + x+9 If manufacturing costs for the product are 220 dollars per unit, how much should the manufacturer spend on development and how much on promotion to generate the largest possible profit? Round...
Aldean Company wants to use absorption cost-plus pricing to set the selling price ona new product....
Aldean Company wants to use absorption cost-plus pricing to set the selling price ona new product. The company plans to invest $250,000 in operating assets to produce and sell 25,000 units. Its required return on investment (ROI) in its operating assets is 18%. The accounting department has provided cost estimates for the new product as shown below: Per Unit Total Direct materials $8.60 $6.60 $3.60 Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling...
Analysis
Delphi Company has developed a new product that will be marketed for the first time during thenext fiscal year. Although the Marketing Department estimates that 35,000 units could be sold at P36per unit, Delphi management has allocated only enough manufacturing capacity to produce amaximum of 25,000 units of the new product annually. The fixed expenses associated with the newproduct are budgeted at P450,000 for the year. The variable expenses of the new product are P16 perunit.Required:a. How many units of...
1)A farmer must decide what combination of seed, water, fertilizer, and pest control will be most profitable for the upcoming year. following table; The local agricultural college did a study of this farmer's situation and prepared the Plan Cost/acre (S) Income/acre (S) 575 1700 1950 2325 900 2100 2250 2600 List the plans in order of most desirable to least, and briefly explain why. (2 pts) 2) A start-up company is planning on manufacturing a new product. the quantity that...
A factory manager is planning for the manufacture of plywood to be sold overseas. The fixed cost of operation is estimated at $800.,000 per month while the variable cost is $155 per thousand board feet of plywood. The selling price will depend on how much will be produced and sold and is determined by the relationship, price per thousand board feet, p $600-0.05D, where D is the amount produced and sold in thousands of board feet. Determine the monthly production...
$51
$54
$75
$86
The management of Musselman Corporation would like to set the selling price on a new product using the absorption costing approach to cost plus pricing. The company's accounting department has supplied the following estimates for the new product Per Unit Per Year $ 27 $ 16 Direct materials Direct labor Variable manufacturing overhead Fixed annual manufacturing overhead Variable selling and administrative expenses Fixed annual selling and administrative expenses $216,000 $ 3 $ 72,000 Management plans to...
du II 111 2-22 A small company manufactures a certain product. Variable costs are $20 per unit and fixed costs are $10,875. The price-demand relationship for this product is P = -0.25D + 250, where P is the unit sales price of the product and D is the annual demand. • Total cost = Fixed cost + Variable cost • Revenue = Demand > Price • Profit = Revenue – Total cost Set up your graph with dollars on the...
A manufacturer is planning to sell a new product at the price of 360 dollars per unit and estimates that if x thousand dollars is spent on development and y thousand dollars is spent on promotion, consumers will buy approximately+ units of the product. 150y 250x \+4 + x+9 If manufacturing costs for the product are 220 dollars per unit, how much should the manufacturer spend on development and how much on promotion to generate the largest possible profit? Round...
Aldean Company wants to use absorption cost-plus pricing to set the selling price ona new product. The company plans to invest $250,000 in operating assets to produce and sell 25,000 units. Its required return on investment (ROI) in its operating assets is 18%. The accounting department has provided cost estimates for the new product as shown below: Per Unit Total Direct materials $8.60 $6.60 $3.60 Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling...
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