Suppose that input to a process is 1,000 units at a cost of K4.5 per unit. Normal loss is 10% which is sold at K0.9 per unit and there are no opening or closing inventories. if actual output were 860 units Prepare relevant accounts workings) (show all your (25 Marks)
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- A product is sold at $80 per unit, the variable expense per unit is $20, and total fixed expenses are $600,000, what are the breakeven sales in dollars? (Do not round intermediary calculations and round your final calculation to the nearest dollar.) OA. $450,000 OB. $472,500 OC. $22,500 OD. $800,000Suppose the marginal cost and marginal revenue (in ¢000) for a product produced by a company is estimated to be MC=q+35 MR=560+22q-q^2 Where q is the quantity produced and the firm’s break-even is 5 units per week You are Required to I. determine the total cost and the total revenue function in terms of q. II. estimate the output at which profit is maximize III. calculate the maximum profitAssume that sal=s are predicted to be $26,250, the expected contribution margin is $10,500, and a net loss of $1,750 is anticipated. The break-even point in sales Select one O a. 21,875 Ob.28,000 Oc30,625 Oa.14.583 O.e 20417
- Calculate the breakeven revenue (see Ch 5 p 107) where Total fixed costs are $78,000 and Gross profit is $250,000 and net sales is $375,000Solve the problem. Given the revenue and cost functions R-34x - 0.3x2 and C-S+ 14, where x is the daily production, find the rate of change of profit with respect to time when 20 units are produced and the rate of change of production is 5 units per day. $127.00 per day $70.00 per day $110.00 per day O $118.00 per dayIf marginal revenue is -0.006,r21 is expanded from 92 units to 145 units? Please round your answer to the nearest whole number. 1,213 and the cost per unit is 0.9, how much do profits increase by when output
- A company determined that the marginal cost, C′(x) of producing the xth unit of a product is given by C′(x)=x3−2x. Find the total cost function C, assuming that C(x) is in dollars and that fixed costs are $2000.A business has selling price of P 129.50 with an average variable cost of P 54.40. Fixed costs are P 1,400,000. Calculate the following: What is the breakeven sales revenue? Use 2 decimal places in computing CM Ratio (Answer the figures only; no decimal places)A product is currently reported on the balance sheet at a cost of $29. The selling price of the product is currently $30 and disposal costs are $3. If the company had to buy the product today, it would pay $28. The product has a normal profit margin on sales of 30%. What amount should the product be valued at under each of the following methods? Lower of Cost or Market (LCM) Lower of Cost of Net Realizable Value (LCNRV)
- Salalah Company has the following information: Sales = 5000 units @ OMR 10 per unit Break-even point = 3000 Units Fixed cost = OMR 6000 What is the correct amount of Profit? Select one:a. 4000b. None of the optionsc. 6000d. 5000For a certain company, the cost function for producing x items is C(x)=40x+200, and the revenue function for selling x items in R(x)=−0.5(x−80)2+3,200. The maximum capacity of the company is 110 items. The profit function P(x) is the revenue function R(x) (how much it takes in) minus the cost function C(x) (how much it spends). In economic models, one typically assumes that a company wants to maximize its profit, or at least make a profit!Assuming that the company sells all that it produces, what is the profit function?P(x)= Preview Change entry mode . Hint: Profit = Revenue - Cost as we examined in Discussion 3. What is the domain of P(x)?Hint: Does calculating P(x) make sense when x=−10 or x=1,000? The company can choose to produce either 40 or 50 items. What is their profit for each case, and which level of production should they choose?Profit when producing 40 items = Number Profit when producing 50 items = Number Can you explain, from our model, why the company makes less profit…Wildhorse Corporation manufactures a single product. Monthly production costs incurred in the manufacturing process are shown below for the production of 3,700 units. The utilities and maintenance costs are mixed costs. The fixed portions of these costs are $420 and $330, respectively. Production in Units Production Costs Direct materials Direct labour Utilities Property taxes Indirect labour Supervisory salaries Maintenance Depreciation 3,700 $7,881 15,133 1,863 1,120 4,958 2,100 1,514 2,700