number 8 is already solved. I just need help with 9 and 10 Material cost = $25 per unitDirect labor cost = 2*$20 = $40Overhead expenses = 80% of $40 = $32Thus, total manufacturing cost = $25 + $40 +$32 = $97(Note: Fixed cost are not included inmanufacturing cost) 8. Tech Engineering in TN is making a product for the overseas market.The following cost data for the product has been compiled.ItemSelling priceMaterials and purchased partsDirect LaborCost$167$25/unit2 hrs at $20 per hour$1,400,000Fixed CostIf the overhead expenses are charged at 80 % of labor cost, determine the manufacturing cost perunit.9. Using the data from Question #8, what is the breakeven volume for the product?10. Using the data from Question #8, what is the profit per unit if 30,000 units are sold?

Here in this question we calculate the break even point and profit per unit Q.8 Manufacturing Cost…

8. Tech Engineering in TN is making a product for the overseas market. The following cost data for the product has been compiled. Cost $167 $25/unit 2 hrs at $20 per hour $1,400,000 Item Selling price Materials and purchased parts Direct Labor Fixed Cost If the overhead expenses are charged at 80 % of labor cost, determine the manufacturing cost per unit. 9. Using the data from Question # 8, what is the breakeven volume for the product? 10. Using the data from Question # 8, what is the profit per unit if 30,000 units are sold?

8. Tech Engineering in TN is making a product for the overseas market. The following cost data for the product has been compiled. Cost $167 $25/unit 2 hrs at $20 per hour $1,400,000 Item Selling price Materials and purchased parts Direct Labor Fixed Cost If the overhead expenses are charged at 80 % of labor cost, determine the manufacturing cost per unit. 9. Using the data from Question # 8, what is the breakeven volume for the product? 10. Using the data from Question # 8, what is the profit per unit if 30,000 units are sold?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: When managing time, consumers should consider time as if it were: (a) money or a scare resource (b)…

A: Having a resource that is scarce, including money and also time, is something that will be of…

Q: (Trade Restrictions) Suppose that the world price for steel is below the U.S. domestic price, but…

A: When a country wants to restrict its imports of foreign goods it can use two devices: Tariffs…

Q: This is practice and I need it explained in detail please.

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: Answer the questions a through f

A: As per company policy we are only supposed to answer one question up-to 3 subsets in one session, so…

Q: I'm having trouble deciding whether to work a full shift or work overtime as well. If I work the…

A: The marginal cost refers to the change in the total cost when worker works for additional one hour.…

Q: part A is incorrect and Part B is incorrect can you re try

A: Present Worth, also known as Net Present Value (NPV), represents the total value of cash flows (both…

Q: 24 20 Price and co st (dollars per arate)

A: In short run a firm should shut down when the price is equal of less than the average variable cost.…

Q: what kind of data is used in BI

A: BI Stands for Business Intelligence it refers to the applications, technologies & practices for…

Q: You have been working as a manager of fashion store. During your work you have saved $50,000. You…

A: Explicit cost = utility + salary of clerk + material = 8000 + 20000 + 50000 = 78000 implicit cost =…

Q: Please have the answers written to a formula bc I do not use excel to complete the calculations…

A: The term "maturity risk premium" (MRPs) describes receiving a higher return for keeping a securities…

Q: could you also help with question g ?

A: Ariel's opportunity cost for 1 book 2/3=0.67 problem set.So Ariel will accept price when her…

Q: ICD-10 was implemented in October 2015. Summarize how the industry handled it.

A: The first international classification list called as international list of causes of death was…

Q: how is the graph numbered? from what number to what number ?

A: The lowest production frontier is war-hit frontier. That reduces production of both sectors.The…

Q: An equation for Aggregate Expenditure is: AE = $3600 0.8Y, In equilibrium, Income 'Y' = Aggregate…

A: Given:

Q: Is there anything more I can add to make this answer worth 8 marks?

A: Investment increases the capital stock, and the amount of capital that is available to an economy is…

Q: Connor started with $10 and is saving $2 a week. Carlie started with $16 spending 1 a week. How many…

A: Present worth is a financial concept used to determine the value of future cash flows in today's…

Q: writr Cost–volume symbols?

A: Cost volume is a kind of cost accounting useful for short run consequences and also for primitive…

Q: Jasmine was interested in how many days it would take an order from Amazon to arrive at her door.…

A: Given; Total number of shipment= 19 shipments Number of shipments arrived on day 1= 4 Number of…

Question

number 8 is already solved. I just need help with 9 and 10

Material cost = $25 per unit
Direct labor cost = 2*$20 = $40
Overhead expenses = 80% of $40 = $32
Thus, total manufacturing cost = $25 + $40 +
$32 = $97
(Note: Fixed cost are not included in
manufacturing cost)

8. Tech Engineering in TN is making a product for the overseas market.
The following cost data for the product has been compiled.
Item
Selling price
Materials and purchased parts
Direct Labor
Cost
$167
$25/unit
2 hrs at $20 per hour
$1,400,000
Fixed Cost
If the overhead expenses are charged at 80 % of labor cost, determine the manufacturing cost per
unit.
9. Using the data from Question #8, what is the breakeven volume for the product?
10. Using the data from Question #8, what is the profit per unit if 30,000 units are sold?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

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

I just need help with problem D. If you can please show the work
When I entered my answer in my online math assigment it said it was wrong
You have 5 kids and work 2 jobs to help support your family. You work a day job from 8:00 am to 4:00 pm Monday through Friday. You also cut hair at one of the local barber shops on Saturdays and Sundays. On Saturdays you normally work from 7:00 am to 7:00 pm and make pretty good money because the shop is always full on the weekends. Your wife is concerned that you are not spending enough time with the children because you work all of the time. Using production possibilities analysis, show a situation where you decide to increase the amount of time on Saturdays that you hang out with the kids from 2 to 5 hours.
all the answers are incorrect. Can you please re-do?
can u solve d and e
Where are you getting the number 11?
I need help with 4 and 5
For distract driving
Fill in the table below, giving a numerical value for letters A, B, C, and D. TC AFC AVC 50 1 90 A B D 30 2.
please type this, don’t write it. Thank you!
please answer second question as a different question now!
There are 15 dozen eggs in a case. The case costs $ 22.56. What doe one egg cost?