A manufacturer hires temporary workers in its production plant to produce electric cars. The fixed costs...
A manufacturer hires temporary workers in its production plant to produce electric cars. The fixed costs are $300,000 for the depreciation of the facility and $80,000 for utilities. The only variable cost is $20 per hour of labor hired. The production of each car requires 50 hours of labor. Currently, the market price of the electric car is $20,000.
TR (Total revenue) = _____Q + ______
Total Costs (TC)= _____Q + ______
Total Profit = TR-TC= _______Q - ______
Average profit= _________ -________/Q
Marginal Profit= _____
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A manufacturer hires temporary workers in its production plant
to produce electric cars. The fixed costs...
Thabo 's shoe company hires workers at M500.00/ week and its total fixed cost is M1,000.00...
Thabo 's shoe company hires workers at M500.00/ week and its total fixed cost is M1,000.00 week. The table below sets out the company's short -run activities. Labor (Workers per week Output(Q) Units Fixed Costs (FC) Variable Costs(VC) Total Costs (TC) Marginal Cost (MC) Total Revenue(TR) Marginal Revenue(MR) 0 0 1000.00 1 30 2 70 3 120 4 160 5 190 6 210 7 220 Calculate the FC,VC,TC,MC and MR,fill your results in the table appropriately.
Widget Manufacturer A plant produces several related models of widgets. Production of each model involves the...
Widget Manufacturer A plant produces several related models of widgets. Production of each model involves the same machinery. The plant produces each model in separate production runs. Each production run has significant setup costs and the cost per setup is the same for every model. Also, the assembly of each unit requires hand labor (direct labor). The following costs were incurred during a recent year: a) direct labor costs. b) costs of placing orders to procure parts. c) costs of...
Before the Amplifier is a manufacturer of guitars. The company sells acoustic and electric guitars. The...
Before the Amplifier is a manufacturer of guitars. The company
sells acoustic and electric guitars. The electric guitar line is
not as profitable as expected despite high production levels.
Management is concerned that the price of the electric guitar line
is too high in comparison to its competitors and is considering
switching to ABC to improve costing accuracy. Currently,
manufacturing overhead is applied to production based on DL hours
and Before the Amplifier sets its sales prices by marking up...
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You manage a plant that mass-produces engines by teams of workers using assembly machines. The technology is summarized by the production function qequals=2020KL where q is the number of engines per week, K is the number of assembly machines, and L is the number of labor teams. Each assembly machine rents for requals=$50 comma 00050,000 per week, and each team costs wequals=$4 comma 0004,000 per week. Engine costs are given by the cost of labor teams and machines, plus $5...
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Before the Amplifier is a manufacturer of guitars. The company sells acoustic and electric guitars. The electric guitar line is not as profitable as expected despite high production levels. Management is concerned that the price of the electric guitar line is too high in comparison to its competitors and is considering switching to ABC to improve costing accuracy. Currently, manufacturing overhead is applied to production based on DL hours and Before the Amplifier sets its sales prices by marking up...
Before the Amplifier is a manufacturer of guitars. The company sells acoustic and electric guitars. The...
Before the Amplifier is a manufacturer of guitars. The company sells acoustic and electric guitars. The electric guitar line is not as profitable as expected despite high production levels. Management is concerned that the price of the electric guitar line is too high in comparison to its competitors and is considering switching to ABC to improve costing accuracy. Currently, manufacturing overhead is applied to production based on DL hours and Before the Amplifier sets its sales prices by marking up...
Bell Company, a manufacturer of audio systems, started its production in October 2020. For the preceding...
Bell Company, a manufacturer of audio systems, started its production in October 2020. For the preceding 3 years, Bell had been a retailer of audio systems. After a thorough survey of audio system markets, Bell decided to turn its retail store into an audio equipment factory. Raw material costs for an audio system will total $75 per unit. Workers on the production lines are on average paid $13 per hour. An audio system usually takes 6 hours to complete. In...
Bell Company, a manufacturer of audio systems, started its production in October 2017. For the preceding...
Bell Company, a manufacturer of audio systems, started its
production in October 2017. For the preceding 3 years, Bell had
been a retailer of audio systems. After a thorough survey of audio
system markets, Bell decided to turn its retail store into an audio
equipment factory.
Raw materials cost for an audio system will total $75 per unit.
Workers on the production lines are on average paid $13 per hour.
An audio system usually takes 6 hours to complete. In...
Bell Company, a manufacturer of audio systems, started its production in October 2020. For the preceding...
Bell Company, a manufacturer of audio systems, started its production in October 2020. For the preceding 3 years, Bell had been a retailer of audio systems. After a thorough survey of audio system markets, Bell decided to turn its retail store into an audio equipment factory. Raw material costs for an audio system will total $75 per unit. Workers on the production lines are on average paid $14 per hour. An audio system usually takes 6 hours to complete. In...
Question 5 Grouper Company, a manufacturer of audio systems, started its production in October 20...
Question 5 Grouper Company, a manufacturer of audio systems, started its production in October 2017, For the preceding 3 years, Grouper had been a retailer of audio systems. After a thorough survey of audio system markets, Grouper decided to turn its retail store into an audio equipment factory, Raw materials cost for an audio system will total $76 per unit. Workers on the production lines are on average paid $15 per hour. An audio system usually takes7 hours to complete....
Widget Manufacturer A plant produces several related models of widgets. Production of each model involves the same machinery. The plant produces each model in separate production runs. Each production run has significant setup costs and the cost per setup is the same for every model. Also, the assembly of each unit requires hand labor (direct labor). The following costs were incurred during a recent year: a) direct labor costs. b) costs of placing orders to procure parts. c) costs of...
Before the Amplifier is a manufacturer of guitars. The company
sells acoustic and electric guitars. The electric guitar line is
not as profitable as expected despite high production levels.
Management is concerned that the price of the electric guitar line
is too high in comparison to its competitors and is considering
switching to ABC to improve costing accuracy. Currently,
manufacturing overhead is applied to production based on DL hours
and Before the Amplifier sets its sales prices by marking up...
Before the Amplifier is a manufacturer of guitars. The company sells acoustic and electric guitars. The electric guitar line is not as profitable as expected despite high production levels. Management is concerned that the price of the electric guitar line is too high in comparison to its competitors and is considering switching to ABC to improve costing accuracy. Currently, manufacturing overhead is applied to production based on DL hours and Before the Amplifier sets its sales prices by marking up...
Before the Amplifier is a manufacturer of guitars. The company sells acoustic and electric guitars. The electric guitar line is not as profitable as expected despite high production levels. Management is concerned that the price of the electric guitar line is too high in comparison to its competitors and is considering switching to ABC to improve costing accuracy. Currently, manufacturing overhead is applied to production based on DL hours and Before the Amplifier sets its sales prices by marking up...
Bell Company, a manufacturer of audio systems, started its production in October 2020. For the preceding 3 years, Bell had been a retailer of audio systems. After a thorough survey of audio system markets, Bell decided to turn its retail store into an audio equipment factory. Raw material costs for an audio system will total $75 per unit. Workers on the production lines are on average paid $13 per hour. An audio system usually takes 6 hours to complete. In...
Bell Company, a manufacturer of audio systems, started its
production in October 2017. For the preceding 3 years, Bell had
been a retailer of audio systems. After a thorough survey of audio
system markets, Bell decided to turn its retail store into an audio
equipment factory.
Raw materials cost for an audio system will total $75 per unit.
Workers on the production lines are on average paid $13 per hour.
An audio system usually takes 6 hours to complete. In...
Bell Company, a manufacturer of audio systems, started its production in October 2020. For the preceding 3 years, Bell had been a retailer of audio systems. After a thorough survey of audio system markets, Bell decided to turn its retail store into an audio equipment factory. Raw material costs for an audio system will total $75 per unit. Workers on the production lines are on average paid $14 per hour. An audio system usually takes 6 hours to complete. In...
Question 5 Grouper Company, a manufacturer of audio systems, started its production in October 2017, For the preceding 3 years, Grouper had been a retailer of audio systems. After a thorough survey of audio system markets, Grouper decided to turn its retail store into an audio equipment factory, Raw materials cost for an audio system will total $76 per unit. Workers on the production lines are on average paid $15 per hour. An audio system usually takes7 hours to complete....
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