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2-22 A small company manufactures a certain product. Variable costs are $20 per unit and fixed...
du II 111 2-22 A small company manufactures a certain product. Variable costs are $20 per...
du II 111 2-22 A small company manufactures a certain product. Variable costs are $20 per unit and fixed costs are $10,875. The price-demand relationship for this product is P = -0.25D + 250, where P is the unit sales price of the product and D is the annual demand. • Total cost = Fixed cost + Variable cost • Revenue = Demand > Price • Profit = Revenue – Total cost Set up your graph with dollars on the...
3. A certain company has fixed costs of $15,000 for its product and variable costs is...
3. A certain company has fixed costs of $15,000 for its product and variable costs is given by 140 +0.04x dollars per unit where x is the total number of units. The selling price p of the product is given by 300 -0.06x dollars per unit. (6 pts) a) Set up the functions for total cost and total revenue. b) Find the minimum break even quantity. c) Set up the profit function and compute the number of units that will...
Suppose a company has fixed costs of $54,400 and variable cost per unit of 1/3x +...
Suppose a company has fixed costs of $54,400 and variable cost per unit of 1/3x + 333 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 2065 - 2/3x dollars per unit. (a) Find the break-even points. (b) Find the maximum revenue. (c) Form the profit function P(x) from the cost and revenue functions. Find maximum profit. (d) What price will maximize the profit
1. The fixed costs incurred by a small research are S 200,000 per year, Variable costs...
1. The fixed costs incurred by a small research are S 200,000 per year, Variable costs are 60 % of the annual revenue. If the annual revenue is $ 300,000, then the annual profit/loss is: a.$100,000 profit b.$120,000 profit . $80,000 profit d. $80,000 loss 2. Standard cost per unit of output is established: In advance of actual production or service delivery b. During actual production or service delivery c.After actual production or service delivery d None of the above...
16. XPA Inc, sells a single product for $22 per unit. Variable costs are $10 per...
16. XPA Inc, sells a single product for $22 per unit. Variable costs are $10 per unit, and the fixed costs are $30,000 per year. XPA expects to sell 12.000 units in 2018. The profit for each unit sold above the breakeven point is: a. $9.50 per unit. b. $12.00 per unit. c. $22.00 per unit. d. $19.50 per unit. 17. Gustavo Inc. has a breakeven point of 20,000 units. The selling price is $20 per unit and total fixed...
Suppose a company has fixed costs of $51,200 and variable cost per unit of 1 3...
Suppose a company has fixed costs of $51,200 and variable cost per unit of 1 3 x + 333 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1965 − 2 3 x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) x = (b) Find the maximum revenue. (Round your answer to the nearest cent.) $ (c) Form the profit function...
Jordan Inc. manufactures Product B, incurring variable product costs of $15.00 per unit and fixed product...
Jordan Inc. manufactures Product B, incurring variable product costs of $15.00 per unit and fixed product costs of $70,000. Total Selling and Administrative Expenses for the year are expected to be $15,700. Jordan desires a profit equal to a 10% rate of return on assets, $785,000 of assets are devoted to producing Product B, and 100,000 units are expected to be produced and sold. Compute the markup percentage, using the product cost concept. Compute the normal selling price of Product...
Compute the total of variable cost per unit and total fixed cost. Variable Cost per unit Fixed Costs: Utility $12,400...
Compute the total of variable cost per unit and total fixed
cost.
Variable Cost per unit Fixed Costs: Utility $12,400 3.00 Utility 10.50 Rent Direct Materials 36,000 14,000 $ 62,400 Direct Labor 4.50 Depreciation Total 18.00 Total USC has determined that the cost line for Utility Cost is 3x 12,400 y Prepare a C-V-P graph for USC. Use zero units and 7,000 units. Compute sales and total cost at those points Units 7,000 0 Sales Total Cost Include your graph...
2. Data: Selling price = $50, variable cost per unit = $30, total fixed costs =...
2. Data: Selling price = $50, variable cost per unit = $30, total fixed costs = $400,000, and target profit = $100,000. a. Calculate the breakeven point in units using the equation method. b. Calculate the breakeven point in units using the formula method. c. Calculate the sales in units needed to earn the target profit. d. Calculate the total sales dollars needed to earn the target profit. Show all calculations,
3. Total fixed costs are $1,000, the price is $30, unit variable cost is $20. Breakeven...
3. Total fixed costs are $1,000, the price is $30, unit variable cost is $20. Breakeven revenue in dollars A. $100 B. $1,000 C. $1,500 D. $3,000 E. not enough information need data on total revenue and total costs to determine CMR
du II 111 2-22 A small company manufactures a certain product. Variable costs are $20 per unit and fixed costs are $10,875. The price-demand relationship for this product is P = -0.25D + 250, where P is the unit sales price of the product and D is the annual demand. • Total cost = Fixed cost + Variable cost • Revenue = Demand > Price • Profit = Revenue – Total cost Set up your graph with dollars on the...
3. A certain company has fixed costs of $15,000 for its product and variable costs is given by 140 +0.04x dollars per unit where x is the total number of units. The selling price p of the product is given by 300 -0.06x dollars per unit. (6 pts) a) Set up the functions for total cost and total revenue. b) Find the minimum break even quantity. c) Set up the profit function and compute the number of units that will...
1. The fixed costs incurred by a small research are S 200,000 per year, Variable costs are 60 % of the annual revenue. If the annual revenue is $ 300,000, then the annual profit/loss is: a.$100,000 profit b.$120,000 profit . $80,000 profit d. $80,000 loss 2. Standard cost per unit of output is established: In advance of actual production or service delivery b. During actual production or service delivery c.After actual production or service delivery d None of the above...
16. XPA Inc, sells a single product for $22 per unit. Variable costs are $10 per unit, and the fixed costs are $30,000 per year. XPA expects to sell 12.000 units in 2018. The profit for each unit sold above the breakeven point is: a. $9.50 per unit. b. $12.00 per unit. c. $22.00 per unit. d. $19.50 per unit. 17. Gustavo Inc. has a breakeven point of 20,000 units. The selling price is $20 per unit and total fixed...
Compute the total of variable cost per unit and total fixed
cost.
Variable Cost per unit Fixed Costs: Utility $12,400 3.00 Utility 10.50 Rent Direct Materials 36,000 14,000 $ 62,400 Direct Labor 4.50 Depreciation Total 18.00 Total USC has determined that the cost line for Utility Cost is 3x 12,400 y Prepare a C-V-P graph for USC. Use zero units and 7,000 units. Compute sales and total cost at those points Units 7,000 0 Sales Total Cost Include your graph...
2. Data: Selling price = $50, variable cost per unit = $30, total fixed costs = $400,000, and target profit = $100,000. a. Calculate the breakeven point in units using the equation method. b. Calculate the breakeven point in units using the formula method. c. Calculate the sales in units needed to earn the target profit. d. Calculate the total sales dollars needed to earn the target profit. Show all calculations,
3. Total fixed costs are $1,000, the price is $30, unit variable cost is $20. Breakeven revenue in dollars A. $100 B. $1,000 C. $1,500 D. $3,000 E. not enough information need data on total revenue and total costs to determine CMR
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