in relation to measuring the performance of organizational units, please explain the 5 center types (cost center, revenue center, profit center, investment center and expense center). In continuation of this, mention the advantages and disadvantages for each. Also explain for under what conditions the individual center types should be chosen

Q: If total variable cost is $68 and average variable cost is $4, quantity of output equals Now,…

A: Fixed Cost remains fixed at all units of output. Variable Cost varies with the changes in output. It…

Q: What is the total output changes due to changes in all inputs in the same proportion is called as?…

A: In the field of financial matters, especially in the creation hypothesis, understanding how the…

Q: Cost, Revenue & Profit For these problems, xx will represent the number of items and yy will…

A: Slope intercept form: Y=AX + B

Q: graph the marginal cost, average total cost, average variable cost on one graph based on the data…

A: The average cost is equal to the per unit cost. The average cost is equal to the total cost divided…

Q: Use the table to compute the marginal revenue and marginal cost

A: Marginal revenue is given as the additional revenue generated by producing one more unit of a good.…

Q: QUESTION 15 Costs per unit The vertical difference between curves F and H measures O marginal cost O…

A: The marginal cost is the ratio between the change in the total cost and the change in output.  The…

Q: Hypothetical problem A corn farmer produces 300 sacks of corn at 50 kgs./sack. Prevailing price of…

A: Total cost = Total fixed costs + Total variable costs Average fixed costs = Total fixed costs /…

Q: Hint: Once you have positioned the rectangle on the graph, select a point to observe its…

A: A perfectly competitive firm is a price taker, which means it takes the price set by the market…

Q: Fill in the table  What are the profit-maximizing price and quantity, and what profit will be…

A: We use the following formulas to solve the missing values in the table: 1) Total Revenue = Price…

Q: ABC is a small business producing instructional modules for disabled children in public schools. The…

A: Since you have posted a question with multiple sub-parts, we will provide the solution to only the…

Q: When traditional absorption costing is employed, which of the following is false? A In a…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: 2. Using a linear model, find the breakeven point for a company with $30 per unit sales price, $10…

A: Step 1: Break even is the point at which cost and income are equal and there is neither profit nor…

Q: Use the information in picture 1 and picture 2 to graphically show the maximum profit. Please kindly…

A: Total Output Price Total Cost (TC) Total Revenue (TR) Profit = TR -TC Marginal Revenue Marginal cost…

Q: Below is the cost structure for Syarikat Maju Jaya. Output (unit) Total Cost (RM) Total Fixed Cost…

A: 1. We can calculate Total variable cost by subtracting total fixed cost(RM) from Total cost(RM) for…

Q: Can you plot this chart

A: The Cost-Volume-Profit (CVP) analysis is a tool used by businesses to understand how changes in…

Q: Use economic theory to detail and examine the reason why electricity network and gas pipeline…

A: LACE=SACE=PmPrice ,Revenue ,Cost .LMCE=SMCE=P In the above diagram ,. AR (=D) is the average…

Q: Question 4 Pizza Inn Company Ltd is a new company in Accra that produces pizza, Lasagna, and…

A: Costs refers to the sum of money incurred in producing a good or providing a service. It can come in…

Q: I need an explanation for part b) of the following questions. Scatter Diagrams and High-Low Cost…

A: First we have to know that a cost estimating equation develop with a fixed cost and variable cost.…

Q: The law of diminishing returns or variable proportion is only applicable in the

A: Law of Diminishing returns or variable proportion states that in the short run, when more of…

Q: Which of the following statements related to cost estimation methods is false? a. The three methods…

A: Cost estimation accounts for each of the element being required for the project and in turn…

Q: Output Total Fixed Cost (TFC) Total Variable Cost (TVC) Total Cost (TC) Average Fixed Cost (AFC)…

A: Total cost is the sum of fixed cost and variable cost.=> TC = FC + VC Fixed cost is the cost that…

Q: lassify each individual element of cost according to its behavior pattern (fixed, variable, or…

A: Fixed costs, variable costs, and semi-variable costs are types of costs that are classified based on…

Q: 2. With reference to Example 9.5.1, let R(Q) = 80Q and C(Q) = Q2 + 10Q + 900. The firm can produce…

A: Here we have to draw and analyse the profit maximizing output of the firm.The costs a company…

Q: (a) Explain clearly the difference between accounting cost and economic cost. (b) Explain whether…

A: Running a company necessitates a constant awareness of the financial factors that influence net…

Q: As a producer and seller of some commodity, you have learned that, if you produce and sell x itmes…

A: Profit is the difference between total revenue and total cost.

Q: Select all statements that are true using the attached chart. A.)Breakeven is the quantity where TR…

A:

Q: When a firm can increase its output with a less than proportional increase in total costs, which of…

A: In economics, a firm is an organization that brings together resources, including labor, capital,…

Q: We have looked at different methods for calculating the cost of meals (food cost + production cost +…

A: Actual food costs can be used for the calculation of meal costs. A cost-plus pricing strategy can be…

Q: Which of the following statements about cost drivers in ABC systems is FALSE? 1 cost driver for a…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: In relation to individual performance measurement and reward, please explain the purposes thereof.…

A: The method of performance measurement is used to evaluate the efficacy and efficiency of…

Q: Q5. Typical perfectly competitive firm with Total Cost Function TC = 200 + 25Q - 6Q + (1/3)Q', faces…

A: As given TC = 200+ 25Q -6Q2 +(1/3)Q3 Price = $70

Q: (2 of 2) Steve's Best Company has the following ABC costing information: Activities Total Costs…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: (b) A firm has an average cost function 125 q? A(q) + 4. 16 where q is the firm's output. (i)…

A: Hi, thanks for the question. As per the guidelines we are allowed to attempt the first question. If…

Q: 10. Chef Company makes and sells pre-packed lunches. The variable cost of each lunch is $4. The…

A: The breakeven point implies the point at which a company fully covers its variable and fixed costs…

Q: Define the following costs faced by Tesco when they open a new branch and explain the short run…

A: When Tesco opens a new outlet, it faces various operating costs. Define and explain the short-run…

Q: There is economies of scale if the average cost of production is lower for bigger scale of…

A: At the marketplace, firms produces output at different scale based on their market share, ability…

Q: 145,000, a building company increases its production of houses from 20 houses per year to 21 houses…

A: Marginal benefits show the maximum cost a consumer will pay for an additional product or service. A…

Q: Which does not come under Schroeder's decision-making category of process? (Select one) 1) Layout of…

A: The objective of the question is to identify which of the given options does not fall under…

Q: Which of the following statements is true about the price of fertilizer? Check all that apply. The…

A: A large number of sellers and buyers in a market selling homogeneous products is known as a…

Q: (ii) The total cost C(Q) of a firm is C(Q) = Q² - 6 Q? + 10 Q +100 where Q denotes the output. (a)…

A: ii)a) Variable cost is the cost which depends on output while fixed cost is independent of level of…

Cost of Production

The entire idea of the cost of production or production cost is applied corresponding, or we can say that it is related to monetary cost. Money cost refers to any money expenditure which the firm or supplier, or producer undertakes in purchasing or hiring factor of production or factor services.