20221007ReviewForStudents
.xlsx
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School
Marist College *
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Course
388
Subject
Economics
Date
Jun 19, 2024
Type
xlsx
Pages
30
Uploaded by AdmiralDiscovery11948
A CPA firm has two branch offices: downtown branch and suburban branch. During the last m
to 14 April), the firm recruits college accounting majored students to meet the heavy demand.
structure for each branch during the month's activities (only variable costs incurred):
Downtown branch
Large size
10
$6,000 4
$4,000 $1,200 Medium si
15
$4,000 3
$4,000 $1,200 Small size
20
$2,000 4
$4,000 $1,200 Suburban branch
Large size
5
$5,000 2
$3,500 $1,200 Medium si
10
$3,500 3
$3,500 $1,200 Small size
30
$2,000 4
$3,500 $1,200 1. Downtown's productivity (multi-factor)?
2. Suburban's productivity (multi-factor)?
3. Overall's productivity (both branches together)?
4. Which group of students has the highest productivity (multi-factor)?
# of customers processed
Per customer's charge ($ inflow)
# students needed
Salary per month
Health insurance
per student
# of customers processed
Per customer's charge ($ inflow)
# students needed
Salary per month
Health insurance
per student
large size downtown? Medium size downtown? Small size downtown? Or, L.size suburban, M
5. This CPA firm believes Downtown Branch's low productivity from the small size's students
size customers. Based on the productivity you have found in question 4, how many more sma
students process (in addition to 20) to reach the same productivity as the one you have found f
are allowed to process a fraction of an integer firm.
6. What is the new total productivity once the firm can process additional small size customer
in question 5?
7. Which group of students has the highest productivity based on # firm/per student?
month of the tax season (say, 15 March
. The followings are the cost and revenue
$100 $103 $100 $100 $103 $100 Software cost
per customer
Software cost
per customer
M. size suburban, S. size suburban?
s is due to not having enough small all size customers should this group of from question 4? Assuming we
rs from the answer you have found
suburban small size
Lower bou
Vlookup
Frequency
If function
If(D10>H9
End Inv=
(if(BE-SD>
Begin Inv=
Demand
Day
Unit recd
Begin Inv
Low limit
Up limit
Demand
Prob.
25
0
0
1
0
2
25
3
0
4
0
5
6
Sum
0
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Related Questions
If accounting profits are $6000 and explicit cost are $2200
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Quantity of Labor
Total Product
Total Revenue
1
4
$ 18
2
8
36
3
11
50
4
13
59
5
14
63
Refer to the given data. This firm's product price is
A) $4.5.
B) $4.25.
C) $4.8.
D) $18.
Please explain/show your work, thank you!
Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer.
Take care of plagiarism.
Answer completely.
You will get up vote for sure.
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1-18 Katherine D’Ann is planning to finance her college education by selling programs at the football games for State University. There is a fixed cost of $400 for printing these programs, and the variable cost is $3. There is also a $1,000 fee that is paid to the university for the right to sell these programs. If Katherine was able to sell programs for $5 each, how many would she have to sell in order to break even?
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H.W 7/ For the following data:
Fixed cost = 100,000 ID
Variable cost per unit = 300 ID
Selling price per unit=500 ID
n = 500
Calculate BEP by using chart method
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The figure shows graphs of the total cost function and the total revenue function for a commodity. (Assume cost and revenue are measured in dollars.)
500
400
300
200
100
میرا
10
20 30
(a) Label each function correctly.
function A
-Select-
function B
-Select-
(b) Determine the fixed costs.
(c) Locate the break-even point.
A
B
40 50 60
Determine the number of units sold to break even.
units
(d) Estimate the marginal cost MC and marginal revenue MR.
MC =
MR-
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Firm Measures: Productivity, Costs, Revenues, and Profits
Labor Total Product (TP) Fixed Cost (TFC) Variable Cost (TVC)
$800,000
$
0
$800,000
$ 800,000
$800,000
$800,000
d.
e.
f.
g.
0
1
2
4
5
6
1.
0
8000
30000
45000
56000
60000
63000
$800,000
$800,000
$800,000
$1,500,000
$2,250,000
$3,130,000
$4,200,000
$5,040,000
a.
Solve for marginal product (MP) in each row, except for where labor = 0.
b. After which worker does the region of diminishing marginal returns begin?
c. Specialization and division of labor are observed in which one of the three
Price
$80
$80
$80
$80
$80
$80
$80
regions?
Solve for total cost (TC) in each row.
Solve for average variable cost (AVC) in each row, except for where labor = 0.
Solve for marginal cost (MC) in each row, except for where labor = 0.
Why are the MC and MP inversely related to one another? While it is because as
one increases, the other decreases, please explain the meaning behind the inverse
relationship that exists between worker productivity and…
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Task 3
3(a) Medi Pharma Company produces two products Mask and PPE kit (both are in high
demand due to covid19). The cost structure of these two products are as follows:
Selling price per unit
Variable cost
Contribution per unit
Mask $
100
60
PPE-kit $
70
40
40
30
Both the products need services of lab experts with special skills. Only six experts are
available with the company each working a 35 hours week (total 210 hours in total). The
production of Mask need 30 minutes (0.5 hours) of experts' time and PPE-kit needs 20
minutes (0.33 hours).
Required:
3(a) When there a a scarce resource, we undertake the activity that has the highest
contribution per unit of scarce resource. Do you agree? Explain your point using the data
of Medi Pharma.
3(b)
Smart auto garage bought a machine three years ago for $ 12000. The future of
this machine is uncertain and considering the replacement as it has no
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Smart auto…
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Total Total Revenue Cost Quantity (TR) (TC) Profit (MR) (MC) 0 0 8 1 8 10 2 16 11 3 24 13 4 32 16 5 40 20 6 48 27 7 56 36 8 64 47 9 72 65 10 80 90 Marginal Marginal Revenue Cost Fill in the table to determine the profit maximizing level of output, price, and profit. The optimal quantity is A/ A (number) units, the optimal price is (number) dollars, which maximizes (number) dollars. This table A profits at displays profit maximization under the (perfect competition / monopolistic competition / oligopoly / monopoly) market structure.
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PRINT YOUR NAME
(LAST)
(FIRST)
Aggregate Cost Data
Unit Cost Data
Average Average Average
I Fixed
Variable Total
Cost
TC
Marginal
Quantity Fixed Variable Total Change in I Cost
of
Output (FC) (VC)
Cost
ATC
Cost
Cost Total Cost
(TC) (ATC)
Plot
MC at
Output
Cost
Cost
IFC
VC
$600 $ 0 $ 600
I XX
XX
XX
XX
$3.00
$300
50
100
600
300
900
I $6.00
$3.00
$9.00
100
1.00
150
200
600
400
| 3.00
2.00
5.00
50
.50
- 250
300
1050
I 2.00
1.50
1.00
350
400
1150
I 1.50
1.38
2.88
200
2.00
- 450
500
600
750
1350
I 1.20
1.50
550
600
600
1200
1800
3.00
10.00 - 650
700
2200
2800
I.85
3.15
PLOT THE APPROPRIATE DATA FROM THE PRECEDING TABLE ON THE GRAPHS ON
P. 134 AND 135 BEFORE ANSWERING THE EIGHT QUESTIONS BELOW. QUESTIONS
5-8 ARE ON PAGE 136.
1. How is marginal cost (ATC/AQ) represented in your graph on page 134?
2. On your graph on page 135 Variable Cost per unit (VC/Q or average variable cost) is at a
minimum at an output level of,
units.
3. On your graph on page 135 Total Cost per unit (TC/Q or average…
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Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.
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Break Even Analysis -Exercise FINC15
Exercise : Figurine Maker
Data for the break-even analysis (per month)
Selling rice per unit
PhP 1,000
Variable cost per unit
PhP 600
Fixed costs
PhP 16,000
Instruction: Kindly fill out the required data.
Units
Variable Cost
Fixed Cost
Total Cost
Total Sales
(VC)
(FC)
(Т)
Revenue
10
20
30
40
50
60
70
80
90
100
B. Based on the above data, kindly prepare a Cost, Volume, and Profit (CVP)
graph.
C. Calculate the following: Show your SOLUTIONS/COMPUTATION.
BEP in Units
BEP in Sales
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\table[[\table[[Output], [per], [Month]], Price, \table[[Total], [Revenue]], Total Cost,Total Profit, \table [[Marginal], [
Revenue**
Output
per
Month
Price
0
$1,000
100
Total
Revenue
$0
1,000 100,000
Total Cost Total Profit
Marginal Revenue* Average
Revenue*
Profit per
Cost Total Cost
Unit (Price -
ATC)
$60,000 -$60,000
90,000
10,000
$1,000
$300
$900
$100
200
1,000 200,000
130,000
70,000
1,000
400
650
350
300
1,000 300,000
180,000
120,000
1,000
500
600
400
400
1,000
400,000
240,000
160,000
1,000
600
600
400
500
1,000
500,000
320,000
180,000
1,000
800
640
360
600
1,000 600,000
420,000
180,000
1,000
1,000
700
300
700
1,000 700,000
546,000
154,000
1,000
1,260
780
220
800
1,000 800,000
720,000
80,000
1,000
1,740
900
100
900
1,000
900,000 919,800 -19,800
1,000
1,998
1,022
-22
"Note that output levels are calibrated in hundreds in this example; that's why we have divided the change in total costs and
revenues from one output level to another by 100 to calculate marginal revenue and marginal…
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Quantity
(Q)
1
2
3
456700
8
Total
Fixed
Cost
(TFC)
50.00
50.00
50.00
50.00
50.00
50.00
50.00
50.00
Total
Variable
Cost
(TVC)
0.00
17.00
30.00
41.00
48.00
57.00
77.00
81.00
Total
Cost
(TC)
Average Average Average
Fixed
Variable
Total
Cost
Cost
Cost
(AFC)
(AVC)
(ATC)
Marginal
Cost
(MC)
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Bags/Participants
Fixed Cost
Variable Cost
Total Cost
$1,700
$-
$1,700
100
$1,700
$500
$2,200
200
$1,700
इ1,200
$2,900
$1,700
$2,700
$4,400
300
$1,700
$5,200
$6,900
400
$1,700
$9,000
$10,700
500
$16,700
$1,700
$15,000
600
$1,700
$23,800
$25,500
700
$36,800
$38,500
$1,700
800
$55,800
$57,500
$1,700
900
$84,700
$83,000
$1,700
1,000
Given the above information on cost, if you charge $15 per entry, what is the breakeven quantity of bags that you should order? At what quantity of bags
will profits be maximized?
Please select any/all correct answers:
Using Qb = F/(MR - AVC) where Qb is the break even quantity, the event would break even at 283 bags.
%3D
O Using the profit-maximizing rule, MR 2 MC, the quantity of bags that will maximize profits is 200 bags.
O Using the profit-maximizing rule, MR > MC, the quantity of bags that will maximize profits is 300 bags.
O The break even quantity cannot be determined in this case.
«< Question 2 of 9
A Moving to another question will save this…
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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
$2
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Please see the attached two pictures, one for the graph, and the other for the questions.
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Exhibit 21-3
Marginal Physical
Total
Total
Product of
Variable Marginal
Variable Fixed
Input
Input
Variable Input
Fixed
Cost
Cost
Cost
Output
(units) (units) (units)
(units)
(dollars) (dollars) (dollars)
1
$500
$0
1
1
10
(A)
$500
$200
(F)
1
25
(B)
$500
$400
(G)
3
1
45
(C).
$500
$600
(H).
4
1
60
(D)
$500
$800
(1)
5
1
70
(E.
$500
$1000
()
Refer to Exhibit 21-3. The total cost of producing 45 units of output is
а. $1,100.
b. $1,000.
c. $900.
d. $950.
e. $1,050.
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No hand written solution and no img
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Galley Company, a manufacturer of small kitchen appliances, had the following activites, allocated costs, and allocation bases:
Activities
Allocated Costs Allocation Base
$72,000
Account inquiry (hours)
Account biling (lines)
Account verification (accounts)
Correspondence (letters)
The above activities are carried out at two of its regional offices.
2,000 hours
$30,000
15,000 lines
$16,000
21,000 accounts
$12,000
1,600 letters
Activities
Northeast Office Midwest Office
140 hours
Account inquiry (hours)
Account billing (lines)
Account verification (accounts) 1,300 accounts
Correspondence (letters)
250 hours
12,000 lines
7,000 lines
700 accounts
40 letters
130 letters
What is the cost per line for the account billing activity? (Round your answer to the nearest cent.)
O A. $36.00
B. $4.80
C. $15.00
D. $2.00
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Do not use chatgpt
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Output quantity
Total variable cost
Total cost
0
$0
$250
25
450
50
300
X
75
375
100
600
850
125
X
1125
150
1200
X
175
1875
200
2000
2250
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Help
४
Mauro Products distributes a single product, a woven basket whose selling price is $23 per unit and whose variable expense is $20 per unit. The company's monthly fixed
expense is $5,100.
Required:
1. Calculate the company's break-even point in unit sales.
2. Calculate the company's break-even point in dollar sales.
e here to search
O
100
Font Family
31
Samp
T
Font Sizes
J
JF 58
PARKE
WAARME
A
WAR
www.
Shakle
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Total Fixed Total Variable
Labor
Output
(workers) (units per day) (dollars)
Cost
Cost
(dollars)
20
20
20
20
20
20
25
50
75
100
125
2
19
13
4.
16
1S
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