given the total fixed cost =$600, variable cost /ynit =$20 and revenue/unit =$40, determine the profit...
Homework Answers
Total revenue=P*Q=40*40=1600
Total cost=TFC+TVC=TFC+AVC*Q=600+20(40)=1400
profit=TR-TC=1600-1400=200
Thus profit at 40unit is $200.
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given the total fixed cost =$600, variable cost /ynit =$20 and
revenue/unit =$40, determine the profit...
QUESTION 19 Total fixed cost = $420. Variable cost/unit = $20. Revenue/unit = $30. Determine the...
QUESTION 19 Total fixed cost = $420. Variable cost/unit = $20. Revenue/unit = $30. Determine the profit that can be made for a volume of 50 units. $500 O 420 O $80 $580
Zebra has a total fixed cost of $240,000 and a variable cost of $40/unit. They are...
Zebra has a total fixed cost of $240,000 and a variable cost of $40/unit. They are planning to hire a CFO as their business has grown. Determine the salary the company can pay the CFO if they have determined that they can sell 30,000 units at a price of $65 and desire to earn a profit of $250,000.
Suppose that the price is $40, unit variable cost is $32/unit, and total fixed costs are...
Suppose that the price is $40, unit variable cost is $32/unit, and total fixed costs are $3,600. Required: a) Compute the unit contribution margin and contribution margin ratio: unit CM= CM ratio= (enter CMR as a fraction of 1, not as %) b) Write down the CVP relation using CMR: profit as a function of sales revenue. (fill in the missing numbers in an equation like Profit = 0.35 * Revenue - 50). Profit = * Revenue - c) Based on the...
Question 11 Economic profit equals total revenue minus total costs including explicit fixed costs, explicit variable...
Question 11 Economic profit equals total revenue minus total costs including explicit fixed costs, explicit variable costs, implicit fixed costs, and implicit variable costs. True False Question 12 4 pt If Economic profit equals zero, then the firm should shut down in the short run and go out of business in the long run. True e False The period of time long enough to allow a firm to vary all of its inputs, to adopt new technology, and to increase...
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
Quantity of Tires 0 Fixed Cost $150 10 20 Total Variable Cost ? $100 $300 $600...
Quantity of Tires 0 Fixed Cost $150 10 20 Total Variable Cost ? $100 $300 $600 $1000 $1500 ? ? ? ? ? 30 40 50 The table above shows the costs for a tire factory. What is the average total cost for the factory to produce 30 tires? $20 $10 $15 $25
Average Marginal Total Cost Quantity Variable Variable Fixed Cost |Total Cost Variable Cost $60 $20 $50...
Average Marginal Total Cost Quantity Variable Variable Fixed Cost |Total Cost Variable Cost $60 $20 $50 $90 $140 $200 $270 60 S60R0 110 150 S60 200 20 25 -30 35 26045 80 20 30 40 50 60 70 $60 $60 $60 $60 50 50 52 4 40 330 Consider now that Caloi Bikes produces a quantity of 5 units that it sells for a price of $125 each. 2. What will be the company's profits or losses? How can you...
QUESTION 3 Sales revenue is $7,000, total variable costs are 55.600, and total foxed costs are...
QUESTION 3 Sales revenue is $7,000, total variable costs are 55.600, and total foxed costs are $1,000. How much sales revenue does a firm need to achieve tarpet profit of $2,500? A $17.500 B. $12.500 C. $5,000 D. Not enough information QUESTION 4 Which of the following is most likely to be a variable cost? A Rent for CEO's office B. Depreciation on production equipment Cost of merchandise D. Factory supervisor's salary QUESTIONS Gamma Company has a selling price of...
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...
Cost-Volume-Profit Chart For the coming year, Cabinet Inc. anticipates fixed costs of $62,000, a unit variable...
Cost-Volume-Profit Chart For the coming year, Cabinet Inc. anticipates fixed costs of $62,000, a unit variable cost of $75, and a unit selling price of $125. The maximum sales within the relevant range are $500,000. a. Construct a cost-volume-profit chart on a sheet of paper. Indicate whether each of the following levels of sales is in the operating profit area, operating loss area, or at the break-even point. 1,000 units 2,000 units $250,000 4,000 units $450,000 b. Estimate the break-even...
QUESTION 19 Total fixed cost = $420. Variable cost/unit = $20. Revenue/unit = $30. Determine the profit that can be made for a volume of 50 units. $500 O 420 O $80 $580
Question 11 Economic profit equals total revenue minus total costs including explicit fixed costs, explicit variable costs, implicit fixed costs, and implicit variable costs. True False Question 12 4 pt If Economic profit equals zero, then the firm should shut down in the short run and go out of business in the long run. True e False The period of time long enough to allow a firm to vary all of its inputs, to adopt new technology, and to increase...
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
Quantity of Tires 0 Fixed Cost $150 10 20 Total Variable Cost ? $100 $300 $600 $1000 $1500 ? ? ? ? ? 30 40 50 The table above shows the costs for a tire factory. What is the average total cost for the factory to produce 30 tires? $20 $10 $15 $25
Average Marginal Total Cost Quantity Variable Variable Fixed Cost |Total Cost Variable Cost $60 $20 $50 $90 $140 $200 $270 60 S60R0 110 150 S60 200 20 25 -30 35 26045 80 20 30 40 50 60 70 $60 $60 $60 $60 50 50 52 4 40 330 Consider now that Caloi Bikes produces a quantity of 5 units that it sells for a price of $125 each. 2. What will be the company's profits or losses? How can you...
QUESTION 3 Sales revenue is $7,000, total variable costs are 55.600, and total foxed costs are $1,000. How much sales revenue does a firm need to achieve tarpet profit of $2,500? A $17.500 B. $12.500 C. $5,000 D. Not enough information QUESTION 4 Which of the following is most likely to be a variable cost? A Rent for CEO's office B. Depreciation on production equipment Cost of merchandise D. Factory supervisor's salary QUESTIONS Gamma Company has a selling price of...
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...
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