You are given the following total costs for a production facility for calculators: Number of units...
You are given the following total costs for a production facility for calculators:
| Number of units Produced ('000) |
0 | 10 | 20 | 30 | 40 |
|---|---|---|---|---|---|
| Total Cost ($'000) | 400 | 1,400 | 2,000 | 2,500 | 3,500 |
How low can the price go and still cover the facility's variable
costs?
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You are given the following total costs for a production
facility for calculators:
Number of units...
You are given the following total costs for a production facility for digital watches: Number of...
You are given the following total costs for a production facility for digital watches: Number of units Produced ('000) 0 10 20 30 40 Total Cost ($'000) 400 1,400 2,000 2,500 3,500 Assume the production facility produces where average variable costs are minimized. If the price is $80 per watch, what is your gain or loss? (If a loss, enter it as a negative number. Don't enter this as 'thousands of dollars' -- take into account that costs and...
3 Felix & Co. reports the following information about its units produced and total costs Units...
3 Felix & Co. reports the following information about its units produced and total costs Units Produced Period Period 400 Units Produced 2,000 2,400 2,800 3,200 3,600 Total Costs $2,500 3,100 3,700 4,300 4,900 Total Costs $5,500 6,100 6,700 7,300 7,990 800 1,200 1,600 Estimate total costs of 3,000 units are produced Complete the below table to calculate the fixed cost and variable cost of sales by using the high-low method & Answer is not complete. Change in cost Change...
9. If production volume increases from 8000 to 10 000 units, a. total costs will increase...
9. If production volume increases from 8000 to 10 000 units, a. total costs will increase by 20 per cent. b. total costs will increase by 25 per cent. c. total variable costs will increase by 25 per cent. d. mixed and variable costs will increase by 25 per cent. 10. The direct material cost is £10 000 when 2000 units are produced. What is the direct material cost for 2500 units produced? a. £10 000 b. £8000 c. £15...
Felix & Co. reports the following information about its units produced and total costs. Period Units...
Felix & Co. reports the following information about its units produced and total costs. Period Units Produced Period 400 see 1. 209 1.609 Total Costs $2,500 3,100 3,700 4, 309 4,900 Units Produced 2. eee 2,400 2,800 3, 2ee 3,600 Total Costs $5, see 6, 10e 6,709 7 309 7,9ee Estimate total costs if 3.000 units are produced. Complete the below table to calculate the fixed cost and variable cost of sales by using the high-low method. High-Low method -...
You are given the following total cost information for four pharmaceutical facilities producing generic drugs. Costs...
You are given the following total cost information for four pharmaceutical facilities producing generic drugs. Costs are in thousands of dollars. Units produced are thousands of units per year. Each unit may consiste of a large number of pills, which are sold to the wholesale market. The value of buildings, land and equipment is in millions of dollars. Number of units produced ('000s) Facility # 0 10 20 30 40 50 60 1 750 2250 3450 5050 8250 13250 20250...
please show work thank you 5. The average total cost of production at 400 units is...
please show work
thank you
5. The average total cost of production at 400 units is $240. a. What is the total cost of production at 400 units? b. If the average revenue at 400 units is $265, what is your profit? 6. You have fixed costs of $200. You face a price of $40 per unit. If you sell 60 units and break-even, what is your average variable cost at 60 units?
3 You are considering starting a greenhouse tomato production facility. You estimate your total variable costs...
3 You are considering starting a greenhouse tomato production facility. You estimate your total variable costs will be $20,000 per greenhouse and your total fixed costs will be $15,000 per greenhouse. You anticipate receiving a price of $1.25/pound for your tomatoes. What is the minimum number of pounds of tomatoes you need to sell to be profitable in the long-run? If you were already producing, what is the minimum number of pounds of tomatoes you need to sell to continue...
If total costs are $50,000 when production levels are highest at 1,000 units and total costs are...
If total costs are $50,000 when production levels are highest at 1,000 units and total costs are $35,000 when production levels are lowest at 500 units, using the high-low method, how much are fixed costs? a. $30 b. $20,000 c. $15,000 d. $85,000
Figure and Table: Variable, Fixed, and Total Costs Total cost $2,500 Total cost, TC 2,000 1,500...
Figure and Table: Variable, Fixed, and Total Costs Total cost $2,500 Total cost, TC 2,000 1,500 1,000 500 F D E A B C 20 40 60 80 100 Quantity of wheat (bushels) Points on Graph Quantity of Labor (workers), L. Quantity of Wheat (bushels). Variable ariable Cost. VC Fixed Cost, FC $400 400 400 400 DOWN Total Cost, TC = FC + VC 400 600 800 1.000 1,200 1.400 1,600 1.800 2.000 400 400 12) (Figure and Table: Variable,...
UNTER COMPONENTS Star 150 150 Costs per unit Direct materials Direct labor Variable overhead Fixed overhead...
UNTER COMPONENTS Star 150 150 Costs per unit Direct materials Direct labor Variable overhead Fixed overhead Total cost per unit Price Units sold Star 100 130 $ 60 30 180 400 $ 580 $ 4,000 40 240 510 780 2,000 40 Additional Information: Variable overhead varies with quantity of direct labor-hours. Average wage rate per hour Plant capacity (in direct labor-hours) 20,000 Current production (in direct labor-hours) 10,000 Requirement a. Information: Star 100 2,500 400 $ Star 150 2,500 500...
3 Felix & Co. reports the following information about its units produced and total costs Units Produced Period Period 400 Units Produced 2,000 2,400 2,800 3,200 3,600 Total Costs $2,500 3,100 3,700 4,300 4,900 Total Costs $5,500 6,100 6,700 7,300 7,990 800 1,200 1,600 Estimate total costs of 3,000 units are produced Complete the below table to calculate the fixed cost and variable cost of sales by using the high-low method & Answer is not complete. Change in cost Change...
9. If production volume increases from 8000 to 10 000 units, a. total costs will increase by 20 per cent. b. total costs will increase by 25 per cent. c. total variable costs will increase by 25 per cent. d. mixed and variable costs will increase by 25 per cent. 10. The direct material cost is £10 000 when 2000 units are produced. What is the direct material cost for 2500 units produced? a. £10 000 b. £8000 c. £15...
Felix & Co. reports the following information about its units produced and total costs. Period Units Produced Period 400 see 1. 209 1.609 Total Costs $2,500 3,100 3,700 4, 309 4,900 Units Produced 2. eee 2,400 2,800 3, 2ee 3,600 Total Costs $5, see 6, 10e 6,709 7 309 7,9ee Estimate total costs if 3.000 units are produced. Complete the below table to calculate the fixed cost and variable cost of sales by using the high-low method. High-Low method -...
please show work
thank you
5. The average total cost of production at 400 units is $240. a. What is the total cost of production at 400 units? b. If the average revenue at 400 units is $265, what is your profit? 6. You have fixed costs of $200. You face a price of $40 per unit. If you sell 60 units and break-even, what is your average variable cost at 60 units?
Figure and Table: Variable, Fixed, and Total Costs Total cost $2,500 Total cost, TC 2,000 1,500 1,000 500 F D E A B C 20 40 60 80 100 Quantity of wheat (bushels) Points on Graph Quantity of Labor (workers), L. Quantity of Wheat (bushels). Variable ariable Cost. VC Fixed Cost, FC $400 400 400 400 DOWN Total Cost, TC = FC + VC 400 600 800 1.000 1,200 1.400 1,600 1.800 2.000 400 400 12) (Figure and Table: Variable,...
UNTER COMPONENTS Star 150 150 Costs per unit Direct materials Direct labor Variable overhead Fixed overhead Total cost per unit Price Units sold Star 100 130 $ 60 30 180 400 $ 580 $ 4,000 40 240 510 780 2,000 40 Additional Information: Variable overhead varies with quantity of direct labor-hours. Average wage rate per hour Plant capacity (in direct labor-hours) 20,000 Current production (in direct labor-hours) 10,000 Requirement a. Information: Star 100 2,500 400 $ Star 150 2,500 500...
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