Basics Of Engineering Economy
2nd Edition
ISBN: 9780073376356
Author: Leland Blank, Anthony Tarquin
Publisher: MCGRAW-HILL HIGHER EDUCATION
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THE SOLUTION SHOULD BE 500 WORDS
The total cost (in dollars) of manufacturing x auto body frames is C(x) = 80,000 + 900x.
(A) Find the average cost per unit if 500 frames are produced.
(B) Find the marginai average cost at a production level of 500 units.
(C) Use the results from parts (A) and (B) to estimate the average cost per frame if 501 frames are produced.
(A) If 500 frames are produced, the average cost is $per frame.
(B) The marginal average cost at a production level of 500 units is $
(Round to the nearest cent as needed.)
per frame.
(C) Using the results from parts (A) and (B), the estimate of the average cost per frame if 501 frames are produced is $
(Round to the nearest cent as needed.)
A buyer placed an initial order with a supplier named Ronco that makes brake assenblies. The order was for 100 pieces at a per-unit price of $281. The buyer
collected the following costs from Ronco:
Direct Matevial Costs
$100/mit
Direct Labor Costs
$50/unit (5 hours/unit at $10/hour labor rate
Overhead Costs
$75/anit Icalculated at 150% of direct labor)
Total Costs of Goods Sold
$225/unit
Seller's Profit (25% of total
$56 cost makup
Total price per unit
$281
At 200 units, what should the buyer erpect to pay for these units whon factoring in a 20 productivity ienprovenent deaning atai
O Not enou Information avalable
O 1250un
O $266.75nic
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