A company produces a single, high-volume product. One year its production volume was 780,000 units, its fixed costs were $3.2 million and its variable costs were $16 per unit. What was the company's average cost per unit produced? Group of answer choices $20.10 $4.10 $16.00 $36.10
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- Melvin manufactures a single product. Total cost per unit is $70 when production is 100 units per week, and $62.50 when production is 160 units per week. What are the total fixed costs per week?Ace Shoe Company sells heel replacement kits for men's shoes. It has fixed costs of $6 million and unit variable costs of $5 per pair. If the company charges $15 per pair, how many pairs must it sell to break even? Ace Shoe Company sells heel replacement kits for men's shoes. It has fixed costs of $6 million and unit variable costs of $5 per pair. Ace would like to earn a profit of $2 million; how many pairs must they sell at a price of $15? Ace Shoe Company sells heel replacement kits for men's shoes. It has fixed costs of $6 million and unit variable costs of $5 per pair. Suppose a consultant tells Ace it can sell 700,000 heel repair kits, what price must it charge to achieve a profit of $2.5 million?average cost of producing 220 units
- Cost analysisMake a Cost-Driven Design Optimization similar to thieMake a copy of your spreadsheet and double the fixed costs. How does this change your answer to question 2? Explain in detail. Q TC TFC TVC AFC AVC ATC SMC TR MR Total Profit Average Profit Profit Margin 0 6000 6000 Infinity infinity 0 -6000 infinity 100 12000 6000 6000 60.0 60.00 120.0 60.0 30000 300.0 18000 180.0 240.0 200 15000 6000 9000 30.0 45.0 75.0 30.0 60000 300.0 45000 225.0 270.0 300 21000 6000 15000 20.0 50.0 70.0 60.0 90000 300.0 69000 230.0 240.0 400 33000 6000 27000 15.0 67.5 82.5 120.0 120000 300.0 87000 217.5 180.0 500 48000 6000 42000 12.0 84.0 96.0 150.0 150000 300.0 102000 204.0 150.0 600 65000 6000 59000…
- How do you find the average cost, AC(y)AC(y)? Select one: a. MC(y)×VC(y)MC(y)×VC(y) b. AFC(y)+AVC(y)AFC(y)+AVC(y) c. AFC(y)−AVC(y)AFC(y)−AVC(y) d. ATC(y)AFC(y)Bags/Participants Fixed Cost Variable Cost Total Cost 0 $1,700 $ - $1,700 100 $1,700 $500 $2,200 200 $1,700 $1,200 $2,900 300 $1,700 $2,700 $4,400 400 $1,700 $5,200 $6,900 500 $1,700 $9,000 $10,700 600 $1,700 $15,000 $16,700 700 $1,700 $23,800 $25,500 800 $1,700 $36,800 $38,500 900 $1,700 $55,800 $57,500 1,000 $1,700 $83,000 $84,700 Given the above information on cost, if you charge $15 per entry, what is the breakeven quantity of bags that you should order? At what quantity of bags will profits be maximized? A Use the profit maximizing rule, MR ≥ MC, buy 300 bags. B Use the profit maximizing rule, MR ≥ MC, buy 200 bags. C Use Qb = F/(MR-AVC) where Qb is the breakeven quantity to be determined, the optimal quantity of bags is 300. D Use Qb = F/(MR-AVC) where Qb is the breakeven quantity to be determined, the optimal quantity of bags is 200.An electronics firm is currently manufacturing an item that has a variable cost Of .50 per unit. Please write the answers clearly I am 60 years old and hard for me to understand thank you. Please write out the steps
- Bags/Participants Fixed Cost Variable Cost Total Cost $1,700 $- $1,700 100 $1,700 $500 $2,200 200 $1,700 इ1,200 $2,900 $1,700 $2,700 $4,400 300 $1,700 $5,200 $6,900 400 $1,700 $9,000 $10,700 500 $16,700 $1,700 $15,000 600 $1,700 $23,800 $25,500 700 $36,800 $38,500 $1,700 800 $55,800 $57,500 $1,700 900 $84,700 $83,000 $1,700 1,000 Given the above information on cost, if you charge $15 per entry, what is the breakeven quantity of bags that you should order? At what quantity of bags will profits be maximized? Please select any/all correct answers: Using Qb = F/(MR - AVC) where Qb is the break even quantity, the event would break even at 283 bags. %3D O Using the profit-maximizing rule, MR 2 MC, the quantity of bags that will maximize profits is 200 bags. O Using the profit-maximizing rule, MR > MC, the quantity of bags that will maximize profits is 300 bags. O The break even quantity cannot be determined in this case. «< Question 2 of 9 A Moving to another question will save this…Show clear and detailed solutionsHow would I find D and E? (Not graded, read file name)
