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Turbine INC, a turbine blade company produces 20 turbine blades. Its average fixed cost is $100...
The Blade Division of Dana Company produces hardened steel blades. Approximately one-third of the Blade Division's...
The Blade Division of Dana Company produces hardened steel blades. Approximately one-third of the Blade Division's output is sold to the Lawn Products Division of Dana; the remainder is sold to outside customers. Blade Division's estimated sales and cost data for the year ending June 30th are as follows: Sales to Lawn Products Division Sales to Outsiders Revenue $ 16,500 $ 44,000 Variable costs 11,000 22,000 Fixed costs 3,200 7,500 Gross margin $ 2,300 $ 14,500 Unit sales 11,000 22,000...
The Blade Division of Dana Company produces hardened steel blades. Approximately one-third of the Blade Division's...
The Blade Division of Dana Company produces hardened steel blades. Approximately one-third of the Blade Division's output is sold to the Lawn Products Division of Dana; the remainder is sold to outside customers. Blade Division's estimated sales and cost data for the year ending June 30th are as follows: Sales to Lawn Products Division Sales to Outsiders Revenue $ 19,500 $ 52,000 Variable costs 13,000 26,000 Fixed costs 3,600 10,500 Gross margin $ 2,900 $ 15,500 Unit sales 13,000 26,000...
The Blade Division of Dana Company produces hardened steel blades. Approximately one-third of the Blade Division's...
The Blade Division of Dana Company produces hardened steel blades. Approximately one-third of the Blade Division's output is sold to the Lawn Products Division of Dana; the remainder is sold to outside customers. Blade Division's estimated sales and cost data for the year ending June 30th are as follows: Sales to Lawn Products Division Sales to Outsiders Revenue $ 28,500 $ 76,000 Variable costs 19,000 38,000 Fixed costs 4,800 19,500 Gross margin $ 4,700 $ 18,500 Unit sales 19,000 38,000...
The Blade Division of Axe Company produces hardened steel blades. One-third of Blade's output is sold...
The Blade Division of Axe Company produces hardened steel blades. One-third of Blade's output is sold to the Forestry Products Division of Axe; the remainder is sold to outside customers. Blades' estimated operating profit for the year is: restry Division Outside Customers Sales Variable costs Fixed costs $ 17,000 $ 44,000 (10.200) (20.400) (3,100) || (6,050) Operating profits IS 3,700 $ 17,550 Unit sales || 10.200 || 20.400 The Forestry Division has an opportunity to purchase 10.200 blades of the...
Marginal Fixed Quantity cost cost cost 0 --- Variable cost Total Average fixed Average variable Average...
Marginal Fixed Quantity cost cost cost 0 --- Variable cost Total Average fixed Average variable Average total cost cost cost cost $40.00 $72.00 $105.00 $40.00 $380.00 What is the total cost when producing zero units? total cost: $ What is the marginal cost for the first unit? marginal cost: $ What is the average total cost when producing three units? average total cost: $ What is the average variable cost when producing four units? average variable cost: $ average variable...
5. For the cost function unction C(O) = 100+20 + 30%, the average fixed cost of...
5. For the cost function unction C(O) = 100+20 + 30%, the average fixed cost of producing 2 units of output is (Q 10 A 100 B. 50. C. 3. D. 2. w ou are an efficiency expert hired by a manufacturing firm that uses K and Las inputs. The firm produces and sells a given output. If w = $40. r = $100, MP = 20, and MPx = 40 the firme A is cost minimizing B should use...
Quantity of Tires 0 Fixed Cost $150 10 20 Total Variable Cost ? $100 $300 $600...
Quantity of Tires 0 Fixed Cost $150 10 20 Total Variable Cost ? $100 $300 $600 $1000 $1500 ? ? ? ? ? 30 40 50 The table above shows the costs for a tire factory. What is the average total cost for the factory to produce 30 tires? $20 $10 $15 $25
AGE MINDTAP Q Search thi 45 Table 13-14 Quantity Fixed Average Total Average Fixed Cost Average Variable Cost Varia...
AGE MINDTAP Q Search thi 45 Table 13-14 Quantity Fixed Average Total Average Fixed Cost Average Variable Cost Variable Cost $23 Total Cost $33 Output Marginal Cost Cost Cost $38 o 3 $60 o $54 o $80 o $88 o $113 o o Refer to Table 13-14. What is the average total cost of producing 6 units of output? a $19.67 1000 b. 520.00 $16.33 d. 21.86 MacBook Air
6. Total cost is calculated as a.the sum of total fixed cost and total variable cost....
6. Total cost is calculated as a.the sum of total fixed cost and total variable cost. b.the product of average total cost and price. c. the sum of all the firm's explicit costs. d. the sum of average fixed cost and average variable cost 7. The formula for the total fixed cost is a.TFC = TC + TVC. b.TFC = TVC -TC c.. TFC = TC/TVC. d.TFC = TC -TVC 8.The Lawn Ranger, a landscaping company, has total costs of...
19. Table 13-16 Quantity Total Cost Fixed Cost Variable Cost Marginal Cost Average Fixed Cost Average Variable Aver...
19. Table 13-16 Quantity Total Cost Fixed Cost Variable Cost Marginal Cost Average Fixed Cost Average Variable Average Total Cost 0 $24 $16 $50 $108 Refer to Table 13-16. What is the fixed cost of producing units of output? a. $16 b. $24 C. $12 d. $0 20. Refer to Table 13-16 in Question 19. What is the total cost of producing 2 units of output? a $76 b. $74 C. $58 d. $50 21. Refer to Table 13-16 in...
The Blade Division of Axe Company produces hardened steel blades. One-third of Blade's output is sold to the Forestry Products Division of Axe; the remainder is sold to outside customers. Blades' estimated operating profit for the year is: restry Division Outside Customers Sales Variable costs Fixed costs $ 17,000 $ 44,000 (10.200) (20.400) (3,100) || (6,050) Operating profits IS 3,700 $ 17,550 Unit sales || 10.200 || 20.400 The Forestry Division has an opportunity to purchase 10.200 blades of the...
Marginal Fixed Quantity cost cost cost 0 --- Variable cost Total Average fixed Average variable Average total cost cost cost cost $40.00 $72.00 $105.00 $40.00 $380.00 What is the total cost when producing zero units? total cost: $ What is the marginal cost for the first unit? marginal cost: $ What is the average total cost when producing three units? average total cost: $ What is the average variable cost when producing four units? average variable cost: $ average variable...
5. For the cost function unction C(O) = 100+20 + 30%, the average fixed cost of producing 2 units of output is (Q 10 A 100 B. 50. C. 3. D. 2. w ou are an efficiency expert hired by a manufacturing firm that uses K and Las inputs. The firm produces and sells a given output. If w = $40. r = $100, MP = 20, and MPx = 40 the firme A is cost minimizing B should use...
Quantity of Tires 0 Fixed Cost $150 10 20 Total Variable Cost ? $100 $300 $600 $1000 $1500 ? ? ? ? ? 30 40 50 The table above shows the costs for a tire factory. What is the average total cost for the factory to produce 30 tires? $20 $10 $15 $25
AGE MINDTAP Q Search thi 45 Table 13-14 Quantity Fixed Average Total Average Fixed Cost Average Variable Cost Variable Cost $23 Total Cost $33 Output Marginal Cost Cost Cost $38 o 3 $60 o $54 o $80 o $88 o $113 o o Refer to Table 13-14. What is the average total cost of producing 6 units of output? a $19.67 1000 b. 520.00 $16.33 d. 21.86 MacBook Air
19. Table 13-16 Quantity Total Cost Fixed Cost Variable Cost Marginal Cost Average Fixed Cost Average Variable Average Total Cost 0 $24 $16 $50 $108 Refer to Table 13-16. What is the fixed cost of producing units of output? a. $16 b. $24 C. $12 d. $0 20. Refer to Table 13-16 in Question 19. What is the total cost of producing 2 units of output? a $76 b. $74 C. $58 d. $50 21. Refer to Table 13-16 in...
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