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_______ refers to the cost which was spent but cannot be recovered anymore.
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- UNITS OF VARIABLE TOTAL MARGINAL AVERAGE PRICE OF INPUT PRODUCT PRODUCT PRODUCT INPUT TOTAL VARIABLE COST AVERAGE VARIABLE COST TOTAL FIXED TOTAL AVERAGE TOTAL MARGINAL COST COST COST COST 012345678 0 $1 $2 6 $1 2 15 $1 27 $1 37 $1 45 $1 50 $1 52 $1 50 $1 ଖ ଖ ଖ ଖ ଖ ଖ ଖ ଖ ଖ $2 $2 $2 $2 $2 $2 $2 $22t FI Search (Alt+Q) Draw Design View Help Table Design Layout Design Layout References Mailings Review As the manager of Lewis Inc., a company that produces lamps, you conducted a study of the production process. The study was based on 8 units of capital currently used by your firm. (This is the short run in which capital is fixed.) 1 Week 7 Assignment Compatibility Mode Saved to this PC Text Predictions: On @ 2 W 3 Per unit capital costs are $20 and the price of lamps is $12 each (this is a competitive market). Workers at Lewis Inc. are paid $60 per labor unit. (You can think of one unit of labor as one worker, and each worker is paid $60.) Fill in the blanks in the following table. Hint: Please follow Table 1 on page 364 of the textbook. Please note that a competitive, profit-maximizing firm hi 1 7 Labor (L) E 0 1 2 8 9 10 Accessibility: Unavailable $ 4 3 4 5 6 7 FI . R Q C Capital (K) F5 % 8 8 8 8 8 8 8 8 8 8 8 L T i F6 Output (Q) 6 0 10 30 60 80 90 95 95 90 80 60 Marginal Product…
- Inventory Costing Methods—Periodic MethodThe Luann Company uses the periodic inventory system. The following July data are for an item in Luann's inventory: July 1 Beginning inventory 30 units @ $9 per unit 10 Purchased 50 units @ $11 per unit 15 Sold 60 units 26 Purchased 25 units @ $13 per unit Calculate the cost of goods sold for July and ending inventory at July 31 using (a) first-in, first-out, (b) last-in, first-out, and (c) the weighted-average cost methods. Note: Round your cost per unit to three decimal places, if needed. Then round your final answers to the nearest dollar. A. First-in, First-out: Ending Inventory Answer Cost of Goods Sold: Answer B. Last-in, first-out: Ending Inventory Answer Cost of Goods Sold: Answer C. Weighted-average cost: Ending Inventory Answer Cost of Goods Sold AnswerThe Economic Service Life ( ESL ) for an the number of years at which the highest cost occurs . O. True O. False The amount expended in the past and be recovered is O. Opportunity Cost O. Sunk Cost O. First Cost O. M & O Cost The value at the end of the asset's expec O. salvage value O. purchase value O. annual value O. future valueThe Economic Service Life (ESL) for an the number of years at which the highest cost occurs. O. True O. False The amount expended in the past and be recovered is O. Opportunity Cost O. Sunk Cost O. First Cost O. M & O Cost The value at the end of the asset's expec O. salvage value O. purchase value O. annual value O. future value
- ФЫ В А П Р О ВАПРОЛДЗАПРОЛДЖЭ ЯЧСМИТНЧСМИТЬБНСМИТЬБЮ SOLVE STEP BY STEP 2 The maintenance foreman of a plant was 3 reviewing his maintenance records found that 4 one of the machines, a large press, had the 5 following maintenance cost record: 6 7 8 9 10 11 12 13 5 years ago $ 600 4 years ago 700 3 years ago 800 2 years ago 900 Last year 1000 After consulting with a lubrication specialist, he changed the preventive maintenance schedule. 14 15 16 He now estimates that maintenance will be 17 $900 this year, and it will decrease by $100 a year 18 in each of the following 4 years. 19 If his estimates of the future are correct, 20 what will be the equivalent uniform annual 21 maintenance cost for the 10-year period? Assume interest at 8%. 22 23 Build model -ИЦУКЕНГ ШУКЕНГ Ш ЩЗКЕНГШЩЗХЪThe following table shows a money demand schedule, which is the quantity of money demanded at various price levels (P). Fill in the Value of Money column in the following table. Quantity of Money Demanded Price Level (P) Value of Money (1/P) (Billions of dollars) 0.80 1.5 1.00 2.0 1.33 3.5 2.00 7.0 Now consider the relationship between the price level and the quantity of money that people demand. The lower the price level, the money the typical transaction requires, and the money people will wish to hold in the form of currency or demand deposits.I leave a like on all sections for your assistance, thank you.WATER TREATMENT PLANT PROCESS COSTSInformation: (Please see the attached image depicting the schematics + Text) The results obtained from the four operating modes showed that the hardness decreased by 4.7% when both processes were in operation (i.e., sludge recirculation and aeration). When only sludge was recirculated, the reduction was 3.8%. There was no reduction due to aeration only, or when there was neither aeration nor recirculation. For turbidity, the reduction was 28% when both recirculation and aeration were used. The reduction was 18% when neither aeration nor recirculation was used. The reduction was also 18% when aeration alone was used, which means that aeration alone was of no benefit for turbidity reduction. With sludge recirculation alone, the turbidity reduction was only 6%, meaning that sludge recirculation alone actually resulted in an increase in turbidity-the difference between 18% and 6%. Since…
- Please solve on a piece of paperCalculate and complete columns (3), (4), (5), (6) and (7) as instructed by quiz question # 8. (1) (2) (3) (4) (5) (6) (7) Quantity of Total Labor Product 10 50 11 54 12 60 13 64 14 66 15 67 Use this area for calculations if needed and to answer Q10A table planner machine which costs P 50 000 when brand new has a salvage value of x pesos and is expected to lasts for 23, 000 hours in a period of 5 years. In the first year of service it was used for 7 000 hours. What is the value of x if the book value of the machine at the end of first year is P 36 000? Show complete solution. Do not use excel A. 3 000 B. 5, 000 C. 4, 000 D. 2, 000
