Answered: For instance, say the total cost of…

For instance, say the total cost of producing 100 units of a good is P200. The total cost of producing 101 units is P204. What is the marginal cost?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: For conversion costs what was the formula you used to get 82,100?

A: Under this question, we have to use FIFO method for calculation of equivalent units.Equivalent units…

Q: If the unit selling price is P16, the unit variable cost is P12, and fixed costs are P160,000, how…

A: The question is related to Cost Volume Profit Analysis. The Basic Sales equation is as under Sales…

Q: If the selling price per unit is $10, the unit contribution margin is $5, and total fixed expenses…

A: Breakeven sales units are the quantity of units sold that leads to a net income of zero. This means…

Q: :The change in total cost from producing another unit of output equals the following Average total…

A: The marginal cost of production is the change in total production cost that comes from making or…

Q: 5. Asssume that the revenue for product A is $3,500. The variable costs are $425. What is the PV? O…

A: Variable cost means the cost which vary with the level of output where as fixed cost remain fixed…

Q: A company produces televisions. The cost of producing x televisions per month is given by C(x) =…

A: A company is in the business of production of televisions.The cost of producing televisions is given…

Q: Cost Analysis is based on the time value of money. This means a dollar today is worth more than a…

A: Cost Analysis is based on Time value of money. This means a dollar today is worth more than a dollar…

Q: Questions: 1.) How many people should attend the seminar to break-even? 2.) Given this BEP number,…

A: We will use the BEP analysis here. BEP analysis refers to breakeven point analysis.

Q: Raju is in a competitive product market. The expected selling price is $88 per unit, and Raju's…

A: Target cost=Expected selling price-Desired profit

Q: In the equation y = $11.75x + $550, "x" represents Question 28 options: number of units…

A: Here in this question, we are required to determine "X" denotes to which of the following options.…

Q: The contribution margin per unit is P5, while the direct fixed costs are P30,000 and the allocated…

A: The break-even formula is calculated by dividing the total fixed costs associated with production by…

Q: How do you calcuate the Lower-of-Cost-or-Market ? Problem : If cost is $13 Replacement…

A: Answer and calculations are given below

Q: NUBD is choosing between two alternative processes. Process A has a fixed costs of P150,000 and a…

A: Let, production in units = n so Fixed costs + Variable cost per unit in Process A x production in…

Q: ollute y mu

A: If MAC = 228 - 1.5Eand tax is 72 than optimal emission ----> 72 = 228 - 1.5E ----> E = 104…

Q: Suppose that the utility function for two goods X and Y is given by U = x2y. (a) Write the…

A: Ans. ) Given the utility function for two goods X and Y is given by: U = x2y, where x and y…

Q: uct is public good, analy

A: Demand Function- Demand function is what describes a relationship among one variable and its…

Q: Suppose the wage rate is $10 and the rental rate on capital is $20. Consider the total cost line…

A: Solution- Vertical axis intercept=Total CostCapital Price…

Q: compute the variable cost per unit if variable manufacturing cost per unit is 75.5 and variable…

A: Variable manufacturing cost per unit = 75.5 Variable selling cost per unit = 37.6 Variable cost…

Q: (3) Yasmin Co. can further process Product B to produce Product C. Product B is currently selling…

A: Differential cost means cost of doing one activity over the other activity.

Q: 1. The function of a company's product to produce output at the level of input use is Q=-1/3x3 +9x3…

A: Introduction Output Price The output price index estimates the average change in price of all…

Q: Consider a market with the following supply and demand. (It may help to draw a graph for these…

A: Financial Management: Financial management comprises of two words i.e. Finance and management.…

Q: If Actual sales are OMR 490000, Total Fixed costs OMR 135000, Selling price per unit OMR 50, and…

A: Margin of safety is the difference of actual sales revenue and breakeven sales revenue.

Q: TYU is choosing between two alternative processes. Process A has a fixed costs of P150,000 and a…

A: The cost that remains constant for all levels of output is known as the Fixed cost. On the other…

Q: Answer the question on the basis of the following marginal utility data for products X and Y. Assume…

A: The objective of the question is to determine the quantities of products X and Y that should be…

Q: If the total fixed costs Omr 75000, variable cost per unit Omr 15, contribution margin (CM) Omr 30…

A: Margin of safety(in value) = Profit/PE ratio

Q: Imagine that you could increase the price for a product that has a profit margin of 8% on its price.…

A: Suppose Sale price of the product is 100 and variable cost of product is 92 and the profit is 8. the…

Q: How much is the price charged per unit if breakeven point is 8,500 units, variable cost per unit is…

Q: Suppose a firm with a production function given by Q = 30K0.5L0.5 produces 4,000 units of output.…

A: Given information: Q = 30K0.5L0.5 ( assuming it based on the given equation)Q = 4000,w , wage rate…

Q: 4. What if the average price per unit increased to $25.50? Recalculate the following: a Contribution…

A: In Marginal costing we get contribution margin by deducting total variable costs per…

Q: Suppose that the profit (in dollars) from the sale of Kisses and Kreams is given by P(x, y) = 10x +…

A: Ans:

Q: Keller Company sells product ZR101 for $25 per unit. The cost of one unit of ZR101 is $18. The…

A: As per the lower-of-cost-or-net realizable value method, we need to recognize the cost of the…

Q: A factory is producing a new product, and it is your job to help decide what price will produce…

A: To determine the selling price that produces the maximum profit, we need to find the critical values…

Q: Which of the following is a mixed cost? A cost that is P40 per unit when production is 50,000 and…

A: The type of cost which remain fixed up to a certain level of production and there after it increase…

Q: Suppose the cost and the demand for a daily product is: C=10 d(p) = D(1 - w(p)) = 200-10p What is…

A: We have the demand and the cost function. We need to find the total contribution (profit) based on…

Question

For instance, say the total cost of producing 100 units of a good is P200. The total cost of producing 101 units is P204. What is the marginal cost?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Concept

VIEW

Answer

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

If selling price is $2.08 and cost is $1.60, what is the price/cost ratio?
28.2) Use this information for Carmen Co. to answer the question that follow. Carmen Co. can further process Product J to produce Product D. Product J is currently selling for $22.15 per pound and costs $14.65 per pound to produce. Product D would sell for $39.45 per pound and would require an additional cost of $10.35 per pound to produce. What is the differential cost of producing Product D? a.$8.28 per pound b.$12.42 per pound c.$6.21 per pound d.$10.35 per pound
If the food cost is $250,000 and the total labor cost is $300,000 and sales are $1,000,000, what is the prime cost in $?
using the price p=20 - .05x, use the Revenue function to find the marginal Revenue function R'(x), Find a. R'(100)= b. R'(175)= c. R'(250)= The marginal Revenue R'(x) approximates how the revenue will change on the sale of the next item. a. Given R(100) = 642 and R'(100)= 18 then R(101) ≈ b. Given R(400) = 16,250 and R'(400)= -10 then R(401) ≈ c. Given R(1000) = 3500 and R'(1000) = 3 then R(1001) ≈
Let C = 40+ 0.8y and /= 10. The value of the marginal propensity to consume is O A. 40. OB. 0.4. OC. 0.8. OD. 8. NE
Please explain this statement thoroughly. "To estimate what the profit will be at various levels of activity, multiply the number of units to be sold above or below the break-even point by the unit contribution margin."
How much would be the net effect on the total segment profit if product B is dropped and discontinued? Assume that by dropping product B, product A would increase A's sales by 80%. How much would be the net effect on the total segment profit? Assume that by dropping product B, product A would decrease A's sales by 20%. Moreover, 30,000 of common costs allocated are avoidable. How much would be the net effect on the total segment profit?
If, Total Fixed cost OMR 40000, Selling price per unit OMR 20, and Variable cost per unit OMR 12. What will be the amount of profit if actual sales are OMR 120000?
You are an industry analyst that specializes in an industry where the market inverse demand is P = 100 - 2Q. The external marginal cost of producing the product is MCExternal = 8Q, and the internal cost is MCInternal = 18Q.Instructions: Enter your responses rounded to the nearest two decimal places.a. What is the socially efficient level of output? unitsb. Given these costs and market demand, how much output would a competitive industry produce? unitsc. Given these costs and market demand, how much output would a monopolist produce? unitsd. Which of the following are actions the government could take to induce firms in this industry to produce the socially efficient level of output.Instructions: For correct answers place a check mark. check all that apply Nonrival consumptionunanswered Pollution taxesunanswered Pollution permitsunanswered
Need help solving this, please.
Find the profit maximizing output given the following revenue and cost functions:R(q) = 1000q – 2q2C(q) = q3 – 59q2 + 1315q + 2000