The Ujsag Printing Co. wants to calculate the cost of adding a third machine. Comment on...
The Ujsag Printing Co. wants to calculate the cost of adding a third machine. Comment on the following statement made by the company accountant: “If we add a third printing press, our total costs will increase from $1060 to $1191. Therefore the marginal cost of the third machine is $1191/3=$397.” Is the accountant correct? Explain your reasoning.
Homework Answers
No, the accountant is not correct. This is because what the accountant have calculated, i.e., $1191/3=$397 is the Average Cost of the 3rd unit and not the Marginal Cost. Marginal Cost of third machine = Change in Total Cost by adding third machine = 1191 - 1060 = $131. Thus, the marginal cost of third machine is $131.
Add Answer to:
The Ujsag Printing Co. wants to calculate the cost of adding a
third machine. Comment on...
2. When the printing preses was introduced to Europe in the mid-1000's, it reduced the cost...
2. When the printing preses was introduced to Europe in the mid-1000's, it reduced the cost of producing books. (Printing presses had been in se in China for over 700 years at the time.) Suppose the cost of production for each book publisher before the printing press was C@ = -397-594 (a) Derive expressions for the marginal cost and average cost of production for a publisher Comider the following the marginal and average cost curves for a book publisher before...
Third show was clarified as just the fixed cost according to my professor. I'm assuming all...
Third show was clarified as just the fixed cost according to my
professor. I'm assuming all else is the same pricing wise for it
too.
Gryffindor House is a small theater located in Pittsburgh Pennsylvania. The theater contains 1,500 seats. You have recently been hired to manage the theater. Profits at the theater have been all over the place and the board would like you to make some recommendations about pricing of tickets. The board would like to make a...
Gary G's is a small company that currently operates in Knoxville, TN and has a single...
Gary G's is a small company that currently operates in Knoxville, TN and has a single product - stadium seat cushions bearing the University of Tennessee logo. Eventually Gary wants to expand and sell this product for other university and professional sports teams, and to add other merchandise. In the meantime, Gary is having a little difficulty understanding margins, and operating income and product mix. "I'll never understand this accounting stuff, Gary yelled, waving the income statement he had just...
Gary G's is a small company that currently operates in Knoxville, TN and has a single...
Gary G's is a small company that currently operates in Knoxville, TN and has a single product - stadium seat cushions bearing the University of Tennessee logo. Eventually Gary wants to expand and sell this product for other university and professional sports teams, and to add other merchandise. In the meantime, Gary is having a little difficulty understanding margins, and operating income and product mix. "I'll never understand this accounting stuff," Gary yelled, waving the income statement he had just...
I just need help figuring out 5 through 8 ACC 299 Winter 2020 Prof. Graybeat Sis...
I just need help figuring out 5 through 8
ACC 299 Winter 2020 Prof. Graybeat Sis a small company that currently operates in Knoxville, TN and has a single product – stadium seat cushions bearing the University of Tennessee logo. Eventually Gary wants to expand and sell this product for other university and professional sports teams, and to add other merchandise. In the meantime, Gary is having a little difficulty understanding margins, and operating income and product mix. "I'll never...
Comprehensive CVP analysis (LO 1, 2.3, 5) "Tll never understand this accounting stuff." Blake Dunn yelled,...
Comprehensive CVP analysis (LO 1, 2.3, 5) "Tll never understand this accounting stuff." Blake Dunn yelled, waving the income statement he had just received from his accountant in the morning mail. "Last month, we sold 1,000 stuffed State University mascots and carned $6,850 in operating income. This month, when we sold 1.500, I thought we'd make $10275 But this income statement shows an operating income of $12,100! How can I ever make plans if I can't predict my income? I'm...
"I'll never understand this accounting stuff, Blake Dunn yelled, waving the income statement he had just...
"I'll never understand this accounting stuff, Blake Dunn yelled, waving the income statement he had just received from his accountant in the morning mail. "Last month, we sold 2,000 stuffed State University mascots and earned $6,565 in operating income. This month, when we sold 3,000 I thought we'd make $9,848. But this income statement shows an operating income of $11,615! How can I ever make plans if I can't predict my income? I'm going to give Janice one last chance...
"I'll never understand this accounting stuff, Blake Dunn yelled, waving the income statement he had just...
"I'll never understand this accounting stuff, Blake Dunn yelled, waving the income statement he had just received from his accountant in the morning mail. "Last month, we sold 2,000 stuffed State University mascots and earned $6,565 in operating income. This month, when we sold 3,000 I thought we'd make $9,848. But this income statement shows an operating income of $11,615! How can I ever make plans if I can't predict my income? I'm going to give Janice one last chance...
need help on 10 F "I'll never under and this accounting stuff" Blake Dunn yelled, waving...
need help on 10 F
"I'll never under and this accounting stuff" Blake Dunn yelled, waving the income statement he had just received from his accountant in the morning mail. "Last month, we sold 2,000 stuffed State University mascots and earned $6,565 in operating income. This month, when we sold 3,000 I thought we'd make $9,848. But this income statement shows an operating income of $11,615! How can I ever make plans if I can't predict my income? I'm going...
Comprehensive CVP analysis (LO 1,2,3,5)-rข never unkntand accounting stuer," Blake Dunn yellod, waving the inconw suament...
Comprehensive CVP analysis (LO 1,2,3,5)-rข never unkntand accounting stuer," Blake Dunn yellod, waving the inconw suament he had just received from his accountant in the morning mail. "Last month, we sold 1,000 stuffed State Univensity masoots and caned S6850 in operating income. This month, when we sold 1.500, I thought we'd make $10 275 But this income statement shows an operating income of $12,100 How can I ever make plans if I cant predict my income? Tm going to give...
2. When the printing preses was introduced to Europe in the mid-1000's, it reduced the cost of producing books. (Printing presses had been in se in China for over 700 years at the time.) Suppose the cost of production for each book publisher before the printing press was C@ = -397-594 (a) Derive expressions for the marginal cost and average cost of production for a publisher Comider the following the marginal and average cost curves for a book publisher before...
Third show was clarified as just the fixed cost according to my
professor. I'm assuming all else is the same pricing wise for it
too.
Gryffindor House is a small theater located in Pittsburgh Pennsylvania. The theater contains 1,500 seats. You have recently been hired to manage the theater. Profits at the theater have been all over the place and the board would like you to make some recommendations about pricing of tickets. The board would like to make a...
Gary G's is a small company that currently operates in Knoxville, TN and has a single product - stadium seat cushions bearing the University of Tennessee logo. Eventually Gary wants to expand and sell this product for other university and professional sports teams, and to add other merchandise. In the meantime, Gary is having a little difficulty understanding margins, and operating income and product mix. "I'll never understand this accounting stuff, Gary yelled, waving the income statement he had just...
Gary G's is a small company that currently operates in Knoxville, TN and has a single product - stadium seat cushions bearing the University of Tennessee logo. Eventually Gary wants to expand and sell this product for other university and professional sports teams, and to add other merchandise. In the meantime, Gary is having a little difficulty understanding margins, and operating income and product mix. "I'll never understand this accounting stuff," Gary yelled, waving the income statement he had just...
I just need help figuring out 5 through 8
ACC 299 Winter 2020 Prof. Graybeat Sis a small company that currently operates in Knoxville, TN and has a single product – stadium seat cushions bearing the University of Tennessee logo. Eventually Gary wants to expand and sell this product for other university and professional sports teams, and to add other merchandise. In the meantime, Gary is having a little difficulty understanding margins, and operating income and product mix. "I'll never...
Comprehensive CVP analysis (LO 1, 2.3, 5) "Tll never understand this accounting stuff." Blake Dunn yelled, waving the income statement he had just received from his accountant in the morning mail. "Last month, we sold 1,000 stuffed State University mascots and carned $6,850 in operating income. This month, when we sold 1.500, I thought we'd make $10275 But this income statement shows an operating income of $12,100! How can I ever make plans if I can't predict my income? I'm...
"I'll never understand this accounting stuff, Blake Dunn yelled, waving the income statement he had just received from his accountant in the morning mail. "Last month, we sold 2,000 stuffed State University mascots and earned $6,565 in operating income. This month, when we sold 3,000 I thought we'd make $9,848. But this income statement shows an operating income of $11,615! How can I ever make plans if I can't predict my income? I'm going to give Janice one last chance...
"I'll never understand this accounting stuff, Blake Dunn yelled, waving the income statement he had just received from his accountant in the morning mail. "Last month, we sold 2,000 stuffed State University mascots and earned $6,565 in operating income. This month, when we sold 3,000 I thought we'd make $9,848. But this income statement shows an operating income of $11,615! How can I ever make plans if I can't predict my income? I'm going to give Janice one last chance...
need help on 10 F
"I'll never under and this accounting stuff" Blake Dunn yelled, waving the income statement he had just received from his accountant in the morning mail. "Last month, we sold 2,000 stuffed State University mascots and earned $6,565 in operating income. This month, when we sold 3,000 I thought we'd make $9,848. But this income statement shows an operating income of $11,615! How can I ever make plans if I can't predict my income? I'm going...
Comprehensive CVP analysis (LO 1,2,3,5)-rข never unkntand accounting stuer," Blake Dunn yellod, waving the inconw suament he had just received from his accountant in the morning mail. "Last month, we sold 1,000 stuffed State Univensity masoots and caned S6850 in operating income. This month, when we sold 1.500, I thought we'd make $10 275 But this income statement shows an operating income of $12,100 How can I ever make plans if I cant predict my income? Tm going to give...
Most questions answered within 3 hours.
-
A strawberry farmer determines that the average weight of
individual strawberries produced by plants in his...
asked 10 minutes ago -
Chargaff's results yielded a molar ratio of 0.400 for A to G in
avian tubercle bacillus...
asked 2 hours ago -
Which of the following binds ATP/ADP?
a. microfilaments
b. microtubules
c. intermediate filaments
d. microfilaments and...
asked 2 hours ago -
Assume that the situation can be expressed as a linear cost
function. Find the cost function....
asked 4 hours ago -
(Sort ArrayList) Write the following method that sorts an
ArrayList: public static > void sort(ArrayList list)...
asked 4 hours ago -
2) A 9 volt battery is connected to a parallel plate capacitor
with an initial capacitance...
asked 4 hours ago -
Prince Equipment has to decide whether to obtain $1,000,000 of
financing by: (1) selling common stock...
asked 5 hours ago -
The terms electrical and electronic have similar but
different meanings which of the following statement is...
asked 5 hours ago -
You wish to test the claim that the mean GPA of night students
is than 2.5...
asked 6 hours ago -
A soft drink machine outputs a mean of 25 ounces per cup. The
machine's output is...
asked 6 hours ago -
Ross Co., Westerfield, Inc., and Jordan Company announced a new
agreement to market their respective products...
asked 6 hours ago -
What is the distance run by a runner 50m/hr and
60m/hr?
asked 7 hours ago