An understanding of the underlying behavior of costs helps in all of the following EXCEPT:     sales volume can be better estimated     process inefficiencies can be better identified and as a result improved     true costs can be better evaluated     costs can be better estimated as volume expands and contracts

Q: q4- Total cost increases from $500 to $600 when output increases from 20 to 30 units. Fixed costs…

A: Answer: option d (Average total cost falls) Explanation: Average total cost=Total costoutputAverage…

Q: Account inquiry (hours) Account billing (lines) Account verification (accounts) $69,000 $40,000…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: In the context of process analysis a. _____ can help eliminate or minimize bottlenecks. b. _____…

A: A bottleneck is a stage in a process that restricts the overall capacity of the process. In a…

Q: true or false The AFC curve approaches zero because of the diminishing marginal cost.

A: Fixed costs refers to those costs undertaken by the firm at the time of setting up of the business,…

Q: The main tool for managing the project scope, as described in PMBOK, is the O project charter O…

A: The phase of project planning known as project scope entails identifying and recording a list of the…

Q: Cost in oil and gas operations may be classified into a number of non-mutually exclusive groupings…

A: Cost is the expenditure that is incurred in the production of goods and services. It means the total…

Q: The decision-making process where costs and benefits are usually measured in dollars is called a(n)…

A: The decision making process is an important determinant for a firm or a business. It helps in…

Q: Adidas produces shoes for sale at Macys, JC Penny and Footlocker. The company makes a few different…

A: Since you have posted a question with multiple sub-parts, we will solve the first question for you.…

Q: The total mechanical and electrical unit costs for a library are listed as $40 per square foot,…

A: The total mechanical & electrical unit costs = $40 Total cost of project = $119

Q: Estimate the cost of expanding a planned new clinic by 25,000 ft2. The appropriate capacity exponent…

A: The capacity factor or the capacity exponent represents the slope of the log curve that graphically…

Q: Compare and contrast economies of scope and economies of scale. Be sure to include outside sources.

A: Average total cost signifies the amount of dollars expended on developing an average unit of the…

Q: A manufacturer of certain household goods caters primarily to the south Indian market. At present,…

A: Market demand is the sum total of demand in different market of a particular product. In simple…

Q: In your own words, describe the life-cycle cost concept. Why is the potential for achieving…

A: Life cycle cost LCC is an analysis that is used in selecting the alternatives which impacts both…

Q: Milford Industries provides medical equipment to oncology and surgical units in major hospitals.…

A: Given that; Milford allocates indirect costs to five departments. The below table summarizes that…

Q: You have an assignment to appraise a dairy heifer feedlot and discovered one recent sale that is…

A:

Q: SCENARIO: Investors put up $520,000 to construct a building and purchase all equipment for a new…

A: Given, Investment= $520,000 The minimum return on the investment = r= 10% of total investment The…

Q: E-commerce has had an explosive growth in the last year due to the pandemic. Many different retail…

A: Total cost refers to the expenditure incurred on producing goods and services. Total revenue is the…

Q: How to do a cost estimation with analysis paragraphs

A: Cost: It refers to the price that has been paid by the consumers for the goods and services. The…

Q: 12) Production Quantity Model If a company has an ordering cost of $250, a carrying cost of $4 per…

A: Given, Ordering cost (R) = $250 Carrying cost (H) = $4/unit  Annual product demand (D) = 6,000 units…

Q: Organizers of an Internet training session will charge participants $200 to attend. It costs $3000…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: A plant manager considers the operational cost per hour of five machine alternatives. The cost per…

A: The problem at hand falls within the topic of probabilistic decision-making. EMV stands for…

Q: Arthur crafts miniature chocolate dollhouses which he sells for $28 each. Arthur has calculated the…

A: The markets in an economy are made up of two sides, the demand side and the supply side. The markets…

Q: Eng eco. Q2 Consider the following data of a company for the year 1997: Sales = Rs. 1,20,000 Fixed…

A: Fixed Cost: It is the cost that remains constant at every level of output which means it does not…

Q: Which of the four characteristics of general purpose technologies have the least impact on…

A: In economics, a general purpose technology can be considered bas more beneficial than the technology…

Q: Which of the following statements related to cost estimation methods is false? a. The three methods…

A: Cost estimation accounts for each of the element being required for the project and in turn…

Q: Implicit and explicit costs are different in that: Multiple Choice the former refer to…

A: Implicit costs are opportunity costs, while explicit costs are expenses paid with a company's own…

Q: Focus on the difference between feasible alternatives (Principle 2) Insulated concrete forms (ICF)…

A: Cost of construction of a conventional wood frame house :$130 per sqft.Total Carpet area of house =…

Q: 2. This is a continuation of the previous problem. Suppose a Primary Metals company's ratio of PL to…

A: Given, Q = 1200 units PL/PK = 1.40 At optimum, MRTS = PL/PK = 1.40

Q: Antoine rents rooms in his hotel for an average of $100 per night. The variable cost per rented room…

A: it is given that, Antoine rents a room for $100 per night. variable cost per rented room is $20.

Q: 1. An industrial engineer has designed 2 alternative methods for accomplishing a production job.…

A: To judge whether a method of production is relatively economical or not we find the productivity of…

Q: variable production cost and the price of a product were both reduced by $1.00 per unit, which of…

A: Variable cost is the cost which keeps on changing with the change in the output level. Variable cost…

Q: Denver Enterprises recently used 14,000 labor hours to produce 7,500 completed units. According to…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: mall plant manufactures riding lawn mowers. The plant has fixed costs (leases, insurance, and so on)…

A: Break even situation refers to the economic condition where the firm earns zero profit or total…

Q: Awesome in cursive fix cost of dollar 4000 and variable cost of dollar 10000 and its total sales…

A: Given information: Fixed cost = $4000 Variable cost = $10000 Total sales = $15000

Q: A seasonal bus tour firm has 5 buses with a capacity of 60 people each. Each customer pays $25 for a…

A: Fixed costs =$360000; Variable costs =$5 per customer. Optimal Capactiy = 60*5 = 300 per day Average…

Q: All of the following questions may benefit from engineering economics, except for A Determining how…

A: Questions which benefit from engineering economics are as follows: 1) Determining which projects are…

Q: Multiple Choice Question : Please select all of the following that are true regarding cost structure…

A: Thank you for the question. Since you have posted multiple sub-parts. As per BNED policy we will…

Q: Which of the following is NOT a feature of capacity planning? OIt is required in the long-term and…

A: Capacity planning: Capacity planning will decide what will be the overall result and how much output…

Q: True/False Total cost can never be zero

A: # Total cost is given by the sum of total fixed cost and the total variable costs.  TC = TFC + TVC

Q: Wiebe Trucking, Inc., is planning a new warehouse to serve the west. Denver, Santa Fe, and Salt Lake…

A: We find that Salt Lake City and Denver intersect each other at some quantity X. Before quantity X,…

Q: Reems Corporation uses a standard cost system. Direct labor information for Product E for the month…

A: Labor efficiency variance =Standard rate*Actual hours-Standard rate*Standard hours   Labor…

Q: A county govemment has constructed a small dam across a local river in order to control flooding and…

A: A Benefit Cost Ratio (BCR) is defined as an indicator which portrays the relationship between the…

Q: In the early and conceptual design stages of a project, what are the cost estimates called?…

A: Cost estimates are considered important for a business as they need to check on to the costs before…

Q: Wiebe Trucking, Inc., is planning a new warehouse to serve the western United States. Denver, Santa…

A: Total Cost(TC) is the overall cost(C) that is incurred during the production process. The total…

Q: Which delivery system would you choose for each of the following 5 scenarios (AND WHY), if the item…

A: Projects are temporary in nature. They are not an everyday business process and have definitive…

Q: Alpha Associates has the following details: Fixed cost = Rs. 20,00,000 Variable cost per unit = Rs.…

A: Given pieces of information: Fixed cost, FC = 2000000 Variable cost per unit, V =100 Selling price…