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Engineering economy: The fixed costs incurred by the engineering department are $280,000 per year. Variable costs are 20% of the annual revenue. If annual revenue is $560,000, determine the annual profit or loss.
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- MC $35 ATC AVC 15 10 500 Units of output Cost per unit ($)Awesome in cursive fix cost of dollar 4000 and variable cost of dollar 10000 and its total sales receipts are $15000. Determine actual profit.At what output level is variable costs per unit at a minimum? Supporting Materials Steel Costs $ per ton MC ATC $175 AVC $115 $70 4,000 9,000 11,000 16,500 Steel Outp ut (in tons)
- The owner shop is contemlating adding anew product which will require additional mouthly payment of 6000, variable costs would be brirr. 2 per new product & its selling price is brirr. 7 each What would be the profit(loss) be if 1000 unit were sold in month?Activity Rob Otics Ltd, a small business that specializes in manufacturing electronic- control equipment produces units as follows: No. of Units 100 Units 200 Units 300 Units You are required to calculate: (a) Find the variable cost per unit. (b) Find the Total Fixed cost. (c) Estimate the total cost if output is 250 units. (d) Estimate the total cost if output is 500 units. Total Costs (In Omani Rial) 5000 6000 7000Subject is engineering economic
- The owner shop is contemlating adding anew product which will require additional mouthly payment of 6000, variable costs would be brirr. 2 per new product & its selling price is brirr. 7 each How many new products must be sold in order to break even point?If total revenue is $3600 and the per unit price is $30 What is the output soldWhen the production volume (Q)is 50 units the total costs (TC)is (1500)omani RIyals and fixed costs (900) Riyals, What is the Average Variable costs AVC ?
- T/F The fixed cost remains same at all level of output.When the production volume (Q)is 50 units the total costs (TC)is (1500)omani RIyals and fixed costs (900) Riyals. Calculate the Average Variable costs AVC ?BC Company produces 100 pendants per day. The total fixed cost for the plant is $5000 and the total variable cost is $15000 per day. Calculate the oer unit total cost ?