If the plant manager uses the average cost per unit to predict total​ costs, what would the forecast be for 1,900 ​mailboxes? 5. If the plant manager uses the cost equation to predict total​ costs, what would the forecast be for 1,900 ​mailboxes? 6. What is the dollar difference between your answers to questions 4 and​ 5? Which approach to forecasting costs is​ appropriate? Why?

3. The sales manager of Alpha Electronics submitted a proposal to increase its production of digital watches. As part of the data presented, he reported the total additional cost required for the propose increase in production. The increase in total cost is known as c. Opportunity cost. d. Relevant cost. a. Controllable cost. e. None of these. b. Incremental cost. 4. An increase or decrease in cost between alternatives is called a. Variable cost. b. Sunk cost. c. Differential cost. d. Controllable cost. e. None of these.

The table below shows cost data for producing different amounts of cleaning products. Use the given information to answer the questions below. Quantity Total Cost Variable Cost Marginal Cost Average Variable Cost Average Total Cost in $ in $ in $ in $ in $ 344 0 354 10 384 40 444 100 534 190 644 300 0 5 10 15 20 25 A What is the profit (loss) at that level of production? 2 6 12 18 22 How many cleaning products would a competitive firm produce if the market price was $18? 2.00 4.00 6.67 9.50 12.00 70.80 38.40 29.60 26.70 25.76

You are evaluating two capacity alternatives. You found a point of indifference of​ 5,000 units. Your planned quantity is​ 4,000 units which leads you to choose Capacity B over Capacity A. What can you say about the relative costs for the two​ alternatives? (Hint: sketching a diagram showing the total cost lines may​ help)     A. Capacity B has lower variable cost   B. Capacity A has higher total costs for all quantities   C. Capacity B has lower total costs for all quantities   D. Capacity A has lower variable cost

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Cost-estimating relationships (CER) have been defined that allow design variables (like speed, horsepower, and size) to predict costs: C2 = C(Q2/Q1)* Question: To successfully use this type of Cost-estimating relationship to estimate the cost of a similar piece of equipment, C2, which of the following must be true? O You need to know the size // capacity and the cost of a similar piece of equipment. O You need the CER correlating exponent value O The Size Range for the CER must include the size of the equipment you have the cost value for and the size of the equipment who's cost you want to estimate. O You must find a source that publishes correlating exponent values for the type of equipment you are interested in. • Previous Next 6. 80

A factory is producing a new product, and it is your job to help decide what price will produce maximum for your company. Your accounting department has told you that the profit can be estimated by the formula P(x)= 16=6x^2-x^3, where x is the selling price. Determine the selling price that produces the maximum profit. A.) Find the critical values. B.) Determine the selling price.

The following data, in physical units, describe a grinding process for January: (Click the icon to view the January data.) Requirement 1. Compute the normal and abnormal spoilage in units. Normal spoilage in units Abnormal spoilage in units C--- Data table Inspection occurs at the 100% completion stage. Normal spoilage is 5% of the good units passing inspection. Read the requirements. Work in process, beginning Started during current period To account for Spoiled units Good units completed and transferred out Work in process, ending Accounted for 19,300 145,400 164,700 12,000 128,000 24,700 164,700 X

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Which of the following is not an application of cost-volume-profit analysis? Setting prices for products and services. Performing strategic “what-if” analyses. Deciding whether to cut a product line. Determining the short-term cost or profit implications of many decisions. Deciding whether to make or buy a given product or service.