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- Get your Guns Up Photo sells three basic types of cameras for travelers. Their fixed costs are $60,000 per month and the rest of the information is as follows: What is the Multiproduct Break Even Point and is this a profitable business? ANNUAL ITEM FORECAST VARIABLE COST PRICE SALES UNITS 200 $ 300 $ 250 $ Nikon 800 500 Canon 1,000 600 Sony 500 400 O $435,576 and YES! Bear our Banners will make money! O $117,073 and YES! Bear our Banners will make money! O $435,576 and NO! Bear our Banners will lose money! O $117,073 and NO! Bear our Banners will lose money! O $1,404,878 and NO! Bear our Banners will lose money! O $1,404,878 and YES! Bear our Banners will make money!VT Company's breakeven point is 4,000 units. It's product sells for $20 per unit and has a variable cost of $15 variable cost per unit. What is the company's total fixed cost amount? O 40,000 O Not enough information O 80,000 O 20,000 60,000show solution An oil refinery produces one base type of crude oil. The total cost is given by the equation Total Cost, TC = 50,000+20.2D +0.0001D2. The sales price in dollars per barrel is 35. At what level of production in barrels/week is cost/barrel minimum? What is the minimum cost per barrel? What is the maximum weekly profit that the company can make? At what level of production is the maximum weekly profit attainable? and Over what range of production is profit possible? Express answers in whole numbers and write the numerical values only.
- Problem 1. During your first month as an employee at Greenfield Industries (a large drill-bitmanufacturer), you are asked to evaluate alternatives for producing a newly designed drill bit on aturning machine. Your boss’ memorandum to you has practically no information about what thealternatives are and what criteria should be used. The same task was posed to a previous employeewho could not finish the analysis, but she has given you the following information: An old turningmachine valued at $350,000 exists (in the warehouse) that can be modified for the new drill bit.The in-house technicians have given an estimate of $40,000 to modify this machine, and they assureyou that they will have the machine ready before the projected start date (although they havenever done any modifications of this type). It is hoped that the old turning machine will be able tomeet production requirements at full capacity. An outside company, McDonald Inc., made themachine seven years ago and can easily do the…Jerry Maguire is making two products Abra and Cadabra in its plant location in Smallville. The cost data for the products are listed below Selling Price Variable Cost O $128,000 O $230,000 O $142,500 Abra $60 $30 FIXED Cost / Quarter $30,000 The company made 4,500 units of Abra and 1,500 units of Cadabra respectively last quarter, what is the profit made? O $132,000 Cadabra $30 $25Question 15 From the Graph Provided Below: Non-Linear Break Even Chart 700000 600000 500000 DA0000 6300000 200000 100000 20 40 60 80 100 120 140 Production & Sales Quantity -FC VC -TC Rev - Which of the following options is correct? O I would expect to maximize profit if I produce and sell between 1 and 10 units. O I would expect to maximize profit if I produce and sell 104 units. O I would expect to maximize profit if I produce and sell between 70 and 80 units. O I would expect to maximize profit if I produce and sell between 30 and 40 units.
- Diseconomices of scale means O As output increases, long run avearge cost (LRAC) decreases As output increases, long run avearge cost (LRAC) will not change if we duble inputs, output will increase by double. As output increases, long run avearge cost (LRAC) increasesWhich of the following statements related to cost estimation methods is true? O a. The three methods determine a slope and an intercept. O b. The high-low method is the most accurate and reliable method to determine the cost behavior compared to scatter-graph plot and least-squares regression methods. O c. The most complex method of cost estimation is the high-low method. O d. The scatter-graph method is used to derive an estimated line of cost behavior by graphically connecting the two cost amounts identified with the highest and lowest volume levels. O e. None of the given answers.The Calhoun Textile Mill is in the process of deciding on a production schedule. It wishesto know how to weave the various fabrics it will produce during the coming quarter. Thesales department has confirmed orders for each of the 15 fabrics produced by Calhoun.These demands are given in the following table. Also given in this table is the variablecost for each fabric. The mill operates continuously during the quarter: 13 weeks, 7 daysa week, and 24 hours a day.There are two types of looms: dobbie and regular. Dobbie looms can be used to makeall fabrics and are the only looms that can weave certain fabrics, such as plaids. The rateof production for each fabric on each type of loom is also given in the table. Note that ifthe production rate is zero, the fabric cannot be woven on that type of loom. Also, if afabric can be woven on each type of loom, then the production rates are equal. Calhounhas 90 regular looms and 15 dobbie looms. For this problem, assume the time requirementto change…
- Completed 58 out of 60 uestion 31 of 60 If output falls below equilibrium, marginal cost will be higher than the price. O True O False LEGOQUESTION 9 When the lead time doubles, the economic production quantity will increase. True O False QUESTION 10 The annual demand for ice cream bars is 30,000 bars and the ordering cost is $200. The holding cost per year as a fraction of the unit cost is 0.30 or 30% and the unit cost per bar is $10. The economic order quantity (EOQ) is 2,000 bars. What is the annual ordering cost? Select the closest answer. O $6,000 $1,500 $3,000 Ⓒ$600,000QUESTION 4 te The management of a firm wants to introduce a new product. The product will sell for $3.50 a unit. Total costs are as follows: TC-$2,850+$2.75Q What is the break-even level of output? O2,600 units 2.975 units 3.550 units O 3.800 units O3.950 units