14. A manufacturer produces certain items at a labor cost of P115 each, material cost of P76 each and variable cost of P2.32 each. If the item has a unit price of P600, how many units must be manufactured each month for the manufacturer to break even if the monthly overhead is P428,800.

14. A manufacturer produces certain items at a labor cost of P115 each, material cost of P76 each and variable cost of P2.32 each. If the item has a unit price of P600, how many units must be manufactured each month for the manufacturer to break even if the monthly overhead is P428,800.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter7: Proudction Costs

Section: Chapter Questions

Problem 8SQP

See similar textbooks

Related questions

Q: major league baseball plans to sell special commemorative jerseys for the world series. the…

A: C(x)= 10x2-680x-20,000 MLB plans to sell them for 120 dollars each

Q: Method Units of Labor Units of Capital 1 50 10 2 20 40 3 10 70 A small company that…

A: The production process/cycle is characterized as the interaction in which the elements of…

Q: BC Company produces 100 pendants per day. The total fixed cost for the plant is $5000 and the total…

A: Company produces Q = 100 pendants Total fixed cost TFC = $5000 Total variable cost TVC = $15000

Q: A manufacturer produces certain items at a labor cost of P 115 each, material cost of P 76 each and…

A: Given: The labor cost is = P115 each The material cost is = P76 each The variable cost is = P2.32…

Q: The costs of producing a certain commodity consist of 125.00 per unit for labor and material cost…

A: The costs of producing a certain commodity consist of 125.00 per unit for labor and material cost…

Q: A manufacturing plant has a short-run cost function of C(q) = 100q - 4q2 + 0.2q3 + 450. (a) What is…

A: here we calculate the following costs by using the given functions , so the calculation of the…

Q: Economics In one company it was calculated that producing 20 units 7 years ago would cost the…

A: Introduction Cost capacity equations also known as sizing model. Capacity cost is an expenditure or…

Q: T/F The fixed cost incur at even zero level of output.

A: Cost in economics refers to the expenditures spent by a company or manufacturer during the…

Q: A company is going to buy a new machine for manufacturing its product Four different machines are…

A: Utilizing the annual cost method, the total annual cost of a machine or asset is calculated as…

Q: Fast pls solve this question correctly in 5 min pls I will give u like for sure Svtik The cost of an…

A: Cost capacity equation is used to find the cost of equipment when two different cost indexes are…

Q: A motorcycle company manufacturers produces a certain product at labor cost ₱500 each. Material cost…

A: A company has "broken even" if its net revenue and costs are equal, a concept known as the…

Q: sarah earns 400 per week and spends 15% of her earning on tranpotation every week

A: Given:- Earning per week= 400 Spend on transportation = 15%

Q: 1. The firm's fixed costs are $2,000, and the firm's total costs of producing 100 units is $4,000.…

A: Total cost is the sum total of fixed cost and variable cost.

Q: For PART B the unit cost row

A: To compute the predetermined rate for year 2 for the current product-costing system using direct…

Q: Please do fast, its important for me. Thanks in advance. Difference between the nominal cost and…

A: Cost can be defined as a monetary expenditure incurred by a firm on acquiring, materials, time and…

Q: ATC, AAC, AVC, MC ( 270.00 24000 210.00 180.00 150.00 120 00 90.00 6000 30:00 000 Unit Cost Curves…

A: Perfect competition is a theoretical market structure in which there are so many firms selling…

Q: 1 6. Cecilia and Jasper make up the entire demand side of the market for snow shoveling in…

A: Demand measures the willingness and the ability of the individual to pay for the commodity. The…

Q: Lightview produces and sells overhead projectors to schools and colleges. Each overhead projector…

A: Material Cost = $30 Labour Cost = $30 Selling price = $84.87 Fixed Cost = $264605

Q: Let F be the fixed cost of production, let VC be the variable cost of production, C be the total…

A: Expenses that alter in direct proportion to the quantity(Q) of services and items produced are…

Q: Big Boss Company produces 125 units of outputat a total cost of $2453. The marignal cost of the…

A: Total cost is the cost incurred in the production of a unit of output. Marginal cost (MC) is the…

Q: A heavy equipment manufacturing company has produced its first unit using 3500 hours and $300,000…

A: Production costs can include a variety of expenses, such as labor, raw materials, consumable…

Q: Assume you were hired as a Production Engineer in a global Bearing Manufacturer company and given…

A: Answer: Given, Equipment maintenance cost per month = $60,000.00 Utilities cost per month =…

Q: What is the formulae used to find unit cost?

A: A unit cost is a net cost borne by a business to manufacture, store, and sell one unit of a product…

Q: 31. A company produces a certain commodity. The labor and material cost for each item produced is…

A: Solution:- Let the number of units be x Therefore, Total labor and material cost = P65 * n Other…

Q: Determine the Total Cost if the Fixed cost are $16000 and the variable cost are $22000

A: Total cost is basically the sum of costs a business enterprise desires to manufacture a specific…

Q: HeatAll, manufacturer of radiant heaters (great for heating outdoor dining areas, a “hot” item these…

A: The total cost incurred by a firm includes fixed cost and variable cost. Fixed costs are the costs…

Q: a manufacturer produces certain items at a labor cost of 150 each, the material cost is 75 each, and…

A: Break-even units means the number of units that are needed by a company to sell.

Q: The total plant cost for manufacturing CO2 warning devices that have a compact gas detector and a…

A: The total plant cost for manufacturing CO2 is $1,154,400 and overall cost factor is 2.61.

Q: A company is going to buy a new machine for manufacturing its product. Four different machines are…

A: Given, A company has decided to buy a new machineFour different machines are available.Money is…

Q: ABC Company produces 100 pendants per day. The total fixed cost for the plant is $6000 and the total…

A: Total fixed cost = $6000

Question

14. A manufacturer produces certain items at a labor cost of P115 each, material cost
of P76 each and variable cost of P2.32 each. If the item has a unit price of P600, how
many units must be manufactured each month for the manufacturer to break even if
the monthly overhead is P428,800.

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

Step 1

VIEW

Step 2

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, economics and related others by exploring similar questions and additional content below.

Similar questions

Cost Analysis A company manufactures fuel tanks for cars. The total weekly cost (in dollars) of producing X fuel tanks is given by.. C(x) = 10000 +90x - 0.05x² %3D Find the exact cost of producing the 501st item. (Round to the nearest 2 decimal places, if needed) HINT: Steps to fiınd actual or exact (cost/revenue/profit) 1. Find the cost of x = 5003B 2. Then find the cost of x = 501%3; 3. Then subtract ASUS 3 近

sarah earns 400 per week and spends 15% of her earning on tranpotation every week
Lightview produces and sells overhead projectors to schools and colleges. Each overhead projector uses $30 of materials and requires 3 hours of labor at $10 per hour. Each overhead projector sells for $84.87. Lightview has fixed overheads of $264605. What is Lightview's break-even point in sales units?
show solution on a paper
A blant broduces dayof A 15000gallons per r chemical cost partiçular 2.5millions in 31987.when the Cost index was. 1674. The Cost now for louilding. that produces "40,000 gallous per day with fexponent) of08 Milligns. Similar plant cost capacity factor 5 Millions. what's the st indexi now. र
Plz fast
Metters Cabinets, Inc., needs to choose a production method for its new office shelf, the Maxistand. To help accomplish this, the firm has gathered the following production cost data: Variable costs (per unit) ($) Process type Annualized fixed cost labor material energy Of plant & equip. Intermittent $1,000,000 24 26 20 Mass customization $1,190,000 30 18 12 Repetitive $1,385,000 28 15 11 Continuous $1,660,000 25 15 10 Determine the most economical…
2. The total design and construction cost for a digester to handle a flow rate of o.5 million gallons per day (MGD) was $1.7 million in 2o0o. Estimate the cost today fora flow rate of 2.0 MGD. The exponent for the MGD range of 0.2 to 40 is o.14. The cost index in 2000 of 131 has been updated to this year. 225 for
Equipment purchased in 2006 for $36,000 must be replaced in late 2017. What is the estimated cost of the replacement equipment based on the following cost indices? TITI End of Year Index End of Year Index 2011 202 209 222 134 2004 2005 2006 2007 2008 2009 2010 2012 2013 149 155 2014 2015 2016 242 263 156 170 183 278 194 2017 289 (estimated) The estimated cost of the replacement equipment based on the cost indices provided is S (Round to the nearest dollar.) Enter your answer in the answer box.
ATC, AAC, AVC, MC (/uni 270.00 24000 21000 180.00 150.00 120.00 10:00 60.00 30.00 0:00 02 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 Units of Output (0) Unit Cost Curves Refer to the graph above. The curves are not labeled. To help get this question right, you must first label the curves. An output level of 18 is identified with the dark vertical line. The shaded rectangular area (height times width) is the O average sunk cost. O total sunk cost O total avoidable fed cost. O total avoidable cost. O None of the above
No AI answer should not found plagiarism in your answer
Assume you were hired as a Production Engineer in a global Bearing Manufacturer company and given the following inputs: Equipment Maintenance Cost per Month Utilities Cost per Month Material Cost per Unit Labor Cost per Unit Selling Price per Unit S60,000.00 $12.000.00 $12.00 $3.00 $24.00 Calculate Total Fixed Cost per Month Calculate Total Variable Cost per Unit = Calculate number of Units to be sold to reach Break-Even Point = Calculate number of Units that must be sold to eam profit of $90,000.00