A particular computing company finds that its weekly profit, in dollars, from the production and sale...
A particular computing company finds that its weekly profit, in dollars, from the production and sale of x laptop computers is Px)= -0.004x3 -0.4x2 + 500x - 800 Currently the company builds and sells 6 laptops weekly. a) What is the current weekly profit? b) How much profit would be lost if production and sales dropped to 5 laptops weekly? c) What is the marginal profit when x = 6? d) Use the answer from part (a)-c) to estimate the...
A one product company finds that its profit. P. in millions of dollars, is given by the following equation where x is the amount spent on advertising, in P(x,y)= 4xy +50y - 9y? 10 1 y-80 Find the values of x and y that maximize the profit function, the maximized function value, and interpret these results. The maximum function value occurs at POD-1 The maximum profit of $is attained when is spent on advertising and the company charges per item...
A production company A, made JITD strategic alliance with a distribution company B. The content of alliance is, Company A executes work for company B’s inventory management and all the inventory cost caused from B is responsible on A. The decision for inventory replenishment is made on every Saturday, An order quantity is arrived every Sunday night after the delivery-process from A to B. The amount of starting inventory is 50 at Week 0 Inventory...
7. The management of a bottling company estimate that their profit (in $) from the daily production and sale of x bottles is given by the equation P(x) = -0.0003 function in the window (0.150 x 10.200). How many bottles should be produced per day in order to + 9x - 420. Sketch the graph of the maximize the company's profit? What is the maximum profit? (10 pt) 8. The rate of growth of a particular type of pest can...
Q.2 As Engineering Manager in Your Company Ltd. you are responsible for maximising the profit from four product lines W, X, Y and Z. You have been provided with the following information Direct materials (kg) 75 90 85 70 Direct labour (h) 3.5 Fabrication Assembly Packaging 4.5 8 3.5 4.5 9.5 4 Selling price per unit (£) 1400 2350 3000 1200 300 450 Max. sales for the period (in units) 400 280 280 Budgeted production (in units) 300 270 270...
1. Grover Company has the following data for the production and sale of 2,000 units. Sales price per unit $ 800 per unit Fixed costs: Marketing and administrative $ 400,000 per period Manufacturing overhead $ 200,000 per period Variable costs: Marketing and administrative $ 50 per unit Manufacturing overhead $ 80 per unit Direct labor $ 100 per unit Direct Materials $ 200 per unit What is the prime cost per unit? a.) $100 b.) $280 c.) $300 d.)...
2.If C(x) is the cost of producing x units of a commodity, then the average cost per unit is c(x) = C(x)/x. Consider the cost function C(x) given below. C(x) = 24,000 + 290x + 6x3/2 (a) Find the total cost at a production level of 1000 units. (Round your answer to the nearest cent.) $ (b) Find the average cost at a production level of 1000 units. (Round your answer to the nearest cent.) $ per unit (c) Find...
16- Wren Pork Company uses the value basis of allocating joint costs in its production of pork products. Relevant information for the current period follows: Product Pounds Price/lb. Loin chops 3,000 $ 5.00 Ground 10,000 2.00 Ribs 4,000 4.75 Bacon 6,000 3.50 The total joint cost for the current period was $43,000. How much of this cost should Wren Pork allocate to Loin chops? Multiple Choice $0. $5,909. $8,600. $10,750. $43,000. 18- Marks Corporation has two operating departments, Drilling and...
september qato 190 Hoool A company that changes from the declining balance method of depreciation for previously recorded assets to the straight line method should report the change as ain a./ change in accounting principle. ( change in accounting estimate prior period adjustment Ud discontinued item 7. The term "comprehensive income" as defined by the FASB a, must be reported on the face of the income statement includes all changes in equity during a period except those resulting from ✓...
WoolCorp buys sheep’s wool from farmers. The company began operations in January of this year, and is making decisions on product offerings, pricing, and vendors. The company is also examining its method of assigning overhead to products. You’ve just been hired as a production manager at WoolCorp. Currently WoolCorp makes two products: (1) raw, clean wool to be used as stuffing or insulation and (2) wool yarn for use in the textile industry. The company would like you to evaluate...