(a) Formulate an optimization problem that will determine how much labor and capital are needed in order to produce 50,000 tons of steel at minimum cost. If your answer is zero, enter “0”.   Min  L +  C   s.t.    L0.30 C 0.70           L, C

Q: Use the following information for the next 2 questions (8 & 9). Division X produces and sells a…

A: The price which is used by various departments in an organization in their transactions is said to…

Q: he first two columns in the following table give a firm's short-run roduction function when the only…

A: Average Product (AP)= Total Product (TP)/ Labour (L). Marginal Product = Change in production…

Q: 0 is the total fixed cost. What is the total units to be sold to arrive a profit of 146,000?

A: The units to be sold must cover the fixed cost and earn target profit Therefore  Profit =…

Q: A company determined that the marginal​ cost, C′(x) of producing the xth unit of a product is given…

A: Given information: C'(x)=x3-2x Integrating both sides ∫C'(x) dx=∫(x3-2x) dxC(x)=x44+2x22+C…

Q: Which of the following is an ideal cost unit for the International Marble Company to extract marbles…

A: Cost per hour is used for labor work / machine work Cost per miles & Cost per Km is used for…

Q: The table below shows the long-run total cost of three different firms. Output Firm 1 Firm 2…

A: Economies of scale means where output increases but cost per unit decrease.   To determine economies…

Q: If fixed costs are $500,000 and the unit contribution margin is $40, what is the break-even point if…

A: Formula: Break even point = Fixed cost / Contribution margin

Q: The average variable cost of producing steel is $200 per ton in a mill owned by the Jepson Steel…

A: Total cost consists of 2 costs which are enumerated as below: 1. Variable costs  2. Fixed costs

Q: A company manufactures and markets three products that are made from the same set of machines.…

A: The following computations are done for the company manufacturing products A, B and C.

Q: The Puzzle Company had total revenue of $4,750,000, total fixed costs of $1,500,000, and total…

A: The total sales volume refers to the total goods sold in a year by a company. It is computed by…

Q: An industrial product can be manufactured by two different methods of production. Using Method X,…

A: Point of indifference is the level of production under which the cost of production under two…

Q: What will be the cost per unit for production at 60% capacity?   What will be the cost per unit for…

A: 1. 60 % plant capacity = 600 units Then,  80 % plant capacity = 600/60*80 = 800 units 2. Factory OH…

Q: a. What is the variable cost per ton of beach sand mined? What is the fixed cost to CM per month? b.…

A: As the question has three sub parts. As per your request firstly, I solved Part (b). I also solved…

Q: please find the attchement

A: Evaluate the cheapest technology with a capital cost at $100 per unit per day and labor cost as $70…

Q: its, a project has total costs of $95,000. The variable cost per unit is $10.80. a) What is the…

A: Total fixed costs square measure the total of all consistent, non-variable expenses an organization…

Q: How much is the savings amount for your chosen alternative if the firm is earning 7% return on its…

A: Machine A   Year PVF @ 7% Cash flow Present Value of Cash flow 5 0.7130          1,500…

Q: See information in image attached. Questions: Using the hi-lo method calculate the variable…

A: The Numerical has covered the concept of the High Low method to determine the fixed and variable…

Q: Use below information for Questions 1 to 2: Company X produces industrial robots for high-precision…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Consider the following production and cost data:   Product Q Product P Product K Contrib margin…

A:

Q: ) Calculate the contribution margin per pound of the constraining resource for each product. 2)…

A: “As the question has more than 3 sub-parts, the first 3 subparts are answered. If you want the…

Q: Usher Dash is president of Dash Manufacturing, a producer of Go-Kart tires. Dash makes 870,000 tires…

A: NOTE: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts…

Q: A company has annual fixed cost of Php 600,000 and a breakeven point at 42% of capacity. The ratio…

A: Contribution margin analysis is used to determine the various sales level. It mainly helps the firm…

Q: The internal manufacturing cost per unit of a component is as follows –  Direct Material…

A: "Since you have asked multiple questions, we will solve first question for you. If you want any…

Q: 3. If 26,000 units are produced, what is the variable manufacturing cost per unit produced? What is…

A: Variable cost means the cost which vary with the level of output and fixed cost means the cost which…

Q: The cost per unit of the three products, A, B and C of a concern is as follows : A B C $ $ Direct…

A:

Q: Total costs             $30.00 (a)   Given the information above, if the company buys the…

A: "Since you have asked multiple questions, we will solve first question for you. If you want any…

Q: Suppose that a company has fixed costs of $23 per unit and variable costs $9 per unit when 20,000…

A: *** fixed cost total will remain constant irrespective of the level of activity. *** fixed cost per…

Q: Using the least square (regression) analysis, compute the fixed cost. Using the least square…

A: Variable cost is the cost which changes with the change in the unit of output.

Q: Assume that the average cost function of a company is described by the following equation: AC = 2 x…

A: In this problem for Average Cost [AC] , the formula is given to…

Q: Rubber and Steel Company is planning to manufacture a new product. The variable manufacturing costs…

A: a. Calculate the contribution margin per unit by deducting the sum of variable cost per unit which…

Q: Suppose that both the direct material and rent costs are tied to the таниfаcturing of the equivalent…

A: Compute the average unit costs for direct materials assigned to 900,000 units as follows:

Q: What is the manufacturing overhead cost per unit?       13.) If the selling price is P2,200 per…

A: Variable manufacturing overhead / unit = 150 Therefore, variable manufacturing overhead of 12500…

Q: Suppose that a company has fixed costs of $22 per unit and variable costs $9 per unit when 15,000…

A: Fixed cost: Fixed cost refers to those costs that will incur irrespective of the production process.…

Q: f 8,000 units are sold, what is the total fixed manufacturing overhead costs to support this…

A: The above question is based on manufacturing cost and variable cost impact when we decrease or…

Q: The following data refer to a single product, the TECHWHIZ, made by the Markdata Computer Company:…

A: Break even point in units = Fixed cost/contribution margin per unit.

Q: Answer the attached question

A: "K" denoting capital is a fixed cost. THis accumulates to total fixed cost. "L" denotes labor, which…

Q: a) Write out the general form of the Company's total costs b) Suppose the Company's short-run…

A: 1. Write out the general form of the Company's total costs. Answer: Total cost = Total variable cost…

Q: Winny's Office Furniture has a contribution margin ratio of 16%. If fixed costs are $183,800, how…

A: Break even is a situation whereby the entity is neither in losses nor earning any profits.

Q: The total cost (in dollars) of manufacturing x auto body frames is C(x) = 30,000 + 600x. (A) Find…

A:

Q: Suppose that a company has fixed costs of $16 per unit and variable costs $9 per unit when 13,000…

A: The total cost of units consists of fixed cost and variable cost.

Q: A plant can manufacture 80 golf clubs per day for a total daily cost of $8,147 and 100 golf clubs…

A: Question is based on the concept of cost accounting

Q: The following data refer to a single product, the TECHWHIZ, made by the Markdata Computer Company:…

A: Contribution margin is the sales revenue which is over and above variable costs. Variable costs are…

Q: Use the following information and explain that how the reduction in selling price would affect the…

A: Margin of safety refers to the variation between the actual sales and break-even sales.

Q: Suppose that a company has fixed costs of $11 per unit and variable costs $6 per unit when 11,000…

A: Fixed costs are costs that do not change with change in level of activity.

Q: Please explain each anwer with formula. Regarding the following information, how many machines would…

A: Given,

Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.