Homework Answers
For y- intercept plug x = 0 into the cost function , become cost C(0) = 0.1(0) +2000 = 2000 , it represents the cost of zero production or daily fixed cost of operating the factory.
Answer : The daily fixed cost of operating the factory.
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A bread factory models its daily cost of operation (in dollars) using a linear model C=...
A bakery sells specialty handmade loaves of bread. Daily fixed costs of product on are $125, while the marginal cost per loaf is $1.60. A bit of experimenting with their pricing structure has determin...
A bakery sells specialty handmade loaves of bread. Daily fixed costs of product on are $125, while the marginal cost per loaf is $1.60. A bit of experimenting with their pricing structure has determined that 40 loaves will be sold if the selling price per loaf is $7.00; while 60 loaves will be sold if the selling price per loaf is $5.50. Assuming a linear price-demand relationship : (1) Show that the maximum daily profit is $110.20 when the price...
1)A linear cost function is C(x) = 6x + 450. (Assume C is measured in dollars.)...
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...
11. A soft-drink manufacturer has a daily production cost of C 70,000- 12x + 0.055x2 where...
11. A soft-drink manufacturer has a daily production cost of C 70,000- 12x + 0.055x2 where C is the total cost in dollars and x is the number of units produced. How many units should they produce each day to yield a minimum cost? 12. Write the standard form of the quadratic function whose graph is a parabola with a) The given vertex (-2, 8) and y-intercept Y-7 b) The given vertex (-2, -2) and a point (-1, 0)
Hyundai Motors is considering threesites—A, B,C —at which to locate a factory to build its new-model...
Hyundai Motors is considering threesites—A, B,C —at which to locate a factory to build its new-model automobile, the Hyundai Sport C150. The goal is to locate at a minimum-cost site, where cost is measured by the annual fixed plus variable costs of production. Hyundai Motors has gathered the following data: Site Annualized Fixed Cost Variable Cost per Auto Produced A $12,000,000 $ 2,400 B $ 20,000,000 $ 2000 C $ 30,000,000 $ 1,050 The firm knows it will produce...
a) b) c) d) Make or Buy A restaurant bakes its own bread for a cost...
a)
b)
c)
d)
Make or Buy A restaurant bakes its own bread for a cost of $140 per unit (300 loaves), including fixed costs of $33 per unit. A proposal is offered to purchase bread from an outside source for $97 per unit, plus $8 per unt for delivery Prepare a dilferential analysis dated July 7 to determine whether the company should make (Alternative 1) or buy (Alternative 2) the bread, assuming that fixed costs are unaffected by the...
Koontz Company manufactures two models of industrial components—a Basic model and an Advanced Model. The company...
Koontz Company manufactures two models of industrial components—a Basic model and an Advanced Model. The company considers all of its manufacturing overhead costs to be fixed and it uses plantwide manufacturing overhead cost allocation based on direct labor-hours. Koontz’s controller prepared the segmented income statement that is shown below for the most recent year (he allocated selling and administrative expenses to products based on sales dollars): Basic Advanced Total Number of units produced and sold 20,000 10,000 30,000 Sales $...
Koontz Company manufactures two models of industrial components-a Basic model and an Advanced Model. The company...
Koontz Company manufactures two models of industrial components-a Basic model and an Advanced Model. The company considers all of its manufacturing overhead costs to be fixed and it uses plantwide manufacturing overhead cost allocation based on direct labor-hours. Koontz's controller prepared the segmented income statement that is shown below for the most recent year (he allocated selling and administrative expenses to products based on sales dollars): Number of units produced and sold Basic 20,000 Advanced 10,000 Total 30,000 Sales Cost...
Koontz Company manufactures two models of industrial components-a Basic model and an Advanced Model. The company...
Koontz Company manufactures two models of industrial components-a Basic model and an Advanced Model. The company considers all of its manufacturing overhead costs to be fixed and it uses plantwide manufacturing overhead cost allocation based on direct labor-hours. Koontz's controller prepared the segmented income statement that is shown below for the most recent year (he allocated selling and administrative expenses to products based on sales dollars): Basic 20,000 Advanced 10,000 Total 30,000 Number of units produced and sold Sales Cost...
Your skateboard manufacturing operation is broken up into two separate production areas. The first, where the...
Your skateboard manufacturing operation is broken up into two separate production areas. The first, where the decks are made, is set up as a process cost environment -- all decks go through the same lamination process in their manufacture and are given the same sealant coating. After that, the decks are cut to three different sizes for the three different models of skateboards that are sold. Then, different wheels, bearings, trucks, and other components are added in the assembly area...
**Only [Harder] Question** Problem 2. Consider a firm that has a cost function of c(y) =...
**Only [Harder] Question** Problem 2. Consider a firm that has a cost function of c(y) = 5y 2 + 50, 000. In other words, this is a firm with a fixed cost of $50,000 (which might be something like the cost of rent on the firm’s building, which they have to pay whether they produce any output or not) and a variable cost of $5Y 2 , (which we’ll think of as the cost of the labor and machinery necessary...
11. A soft-drink manufacturer has a daily production cost of C 70,000- 12x + 0.055x2 where C is the total cost in dollars and x is the number of units produced. How many units should they produce each day to yield a minimum cost? 12. Write the standard form of the quadratic function whose graph is a parabola with a) The given vertex (-2, 8) and y-intercept Y-7 b) The given vertex (-2, -2) and a point (-1, 0)
a)
b)
c)
d)
Make or Buy A restaurant bakes its own bread for a cost of $140 per unit (300 loaves), including fixed costs of $33 per unit. A proposal is offered to purchase bread from an outside source for $97 per unit, plus $8 per unt for delivery Prepare a dilferential analysis dated July 7 to determine whether the company should make (Alternative 1) or buy (Alternative 2) the bread, assuming that fixed costs are unaffected by the...
Koontz Company manufactures two models of industrial components-a Basic model and an Advanced Model. The company considers all of its manufacturing overhead costs to be fixed and it uses plantwide manufacturing overhead cost allocation based on direct labor-hours. Koontz's controller prepared the segmented income statement that is shown below for the most recent year (he allocated selling and administrative expenses to products based on sales dollars): Number of units produced and sold Basic 20,000 Advanced 10,000 Total 30,000 Sales Cost...
Koontz Company manufactures two models of industrial components-a Basic model and an Advanced Model. The company considers all of its manufacturing overhead costs to be fixed and it uses plantwide manufacturing overhead cost allocation based on direct labor-hours. Koontz's controller prepared the segmented income statement that is shown below for the most recent year (he allocated selling and administrative expenses to products based on sales dollars): Basic 20,000 Advanced 10,000 Total 30,000 Number of units produced and sold Sales Cost...
Your skateboard manufacturing operation is broken up into two separate production areas. The first, where the decks are made, is set up as a process cost environment -- all decks go through the same lamination process in their manufacture and are given the same sealant coating. After that, the decks are cut to three different sizes for the three different models of skateboards that are sold. Then, different wheels, bearings, trucks, and other components are added in the assembly area...
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