Suppose a manufacturer finds that the cost y of producing x units is given by a formula of the form y=mx+b. If it costs $1,300 to produce 20 units and $1,750 to produce 35 units, what is the fixed cost? A. $30 B. $450 C. $700 D. $2,050 OE. None of these
Q: Required: Compute Berclair's basic and diluted earnings per share for the year ended December 31,…
A: The average weighted number of common shares outstanding throughout the period is used to compute…
Q: Inventory balances for Spirit Light Ventures for November are as follows: Materials Work in process…
A: Cost of goods manufactured:— It is the total cost of completed finished goods transferred from work…
Q: K At December 31, MediStat Precision Instruments owes $52,000 on Accounts Payable, Salaries Payable…
A: BALANCE SHEET Balance sheet is one of the important financial statements of the company. Balance…
Q: Prepare any necessary adjusting entries that are associated with the asset retirement obligation and…
A: Dismantle costDismantle cost is one of the costs that is related to the removal or dismantling of…
Q: Bonny Corp. has a defined benefit pension plan for its employees who have an average remaining…
A: Other comprehensive loss is the accumulated net acturial loss or gain that is recorded as a separate…
Q: Required information [The following information applies to the questions displayed below.] Trey has…
A: A taxpayer is eligible to claim child and dependent care credit if he/she paid expenses for the care…
Q: 5. Vasilika, Lily, and Denise decide to liquidate their partnership. All assets are sold for cash…
A: Partnership liquidation is the process of ending a partnership business. It involves selling all the…
Q: Problem 9-19 (Algo) More Than One Cost Driver [LO9-2, LO9-3, LO9-5, LO9-6] Milano Pizza is a small…
A: A flexible budget performance report is prepared to compare the actual expenses and income with the…
Q: the year ending considering the following transactions and events. All of the items described below…
A: Partial income statements are frequently created for a variety of objectives, including delivering…
Q: Packaging Solutions Corporation manufactures and sells a wide variety of packaging products.…
A: The budget report is prepared to compare the actual and budgeted production data. The variance is…
Q: In its first year of operations, Roma Company reports the following. • Earned revenues of $45,000…
A: Cash basis of accounting involves ascertainment of net income by using only the actual cash payments…
Q: AA 1-2 Comparative Analysis LO A1, A2 Key comparative figures for both Apple and Google follow Apple…
A: The term return on assets (ROA) refers to a financial ratio that indicates how profitable a company…
Q: Assume a company had net operating income of $300,000, sales of $1,500,000, average operating assets…
A: Residual income :— It is the difference between net operating income of the company and the amount…
Q: Brief Exercise 11-7 Computing Fixed Overhead Variances (LO2- CC11, 12) Primara Corporation has a…
A: The fixed overhead variance can be defined as the result of the difference between the budgeted…
Q: Cullumber Corporation reported net sales $640,000, cost of goods sold $358,400, operating expenses…
A: Gross Profit Margin = (Gross Margin / Net Sales) X 100Gross Margin = (Net Sales - Cost Of Goods…
Q: Exercise 8-7 (Algo) Cash Budget [LO8-8] Garden Depot is a retailer that is preparing its budget for…
A: Cash Budget is a schedule company can calculate where company is maintaining enough cash in the…
Q: Problem 6-4A (Algo) Report inventory using lower of cost and net realizable value (LO6-6) A local…
A: Since you have posted a question with multiple sub-parts, we will do the first three sub-parts for…
Q: Matt and Meg Comer are married and file a joint tax return. They do not have any children. Matt…
A: Income tax is compulsory for all taxpayers. However, incomes from different sources are taxed at…
Q: 40 Assets 50 60 What is the firm's weighted average cost of capital at various combinations of debt…
A: Note: since fill the blanks options were not provided, the most appropriate ones are used to fill…
Q: Required information [The following information applies to the questions displayed below.]…
A: Calculation of VAluation of InventoryIn costing we use several methods to value the inventory…
Q: Marr Co. had the following sales and accounts receivable balances, prior to any adjustments at year…
A: Bad debt expense :— It is the amount that are no longer collectible from customer during the period.…
Q: Oriole Company reported the following amounts in the stockholders' equity section of its December…
A: The Stockholder's equity statement includes the issuance of common stock and preferred stock. The…
Q: A linear cost equation O is derived from two elements - the relevant range and the level of…
A: In accounting costs are of two main types – fixed costs and variable costs. Fixed costs are constant…
Q: Date 12/31/14 12/31/15 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 12/31/21 12/31/22 Fidelity…
A: The average discrete return formula is used to calculate the average rate of return for a series of…
Q: The Old Country Company purchased the following instruments during the year. Assume the company's…
A: The adjusting journal entries are posted at the end of the accounting period to adjust revenues and…
Q: You are the payroll manager for a women's apparel company. Your workers are paid per garment sewn on…
A: Employees' gross pay is their salary before any payroll deductions such as taxes, benefits, and…
Q: product line for several years. The most recent quarterly contribution format income statement for…
A: Decision-making for discontinuation of a product or product line is based on the financial…
Q: ← makes adhicial Towers and reports the following data for the month (Click the icon to view the…
A: Companies that manufacture one-of-a-kind, specially designed, or specialized goods or services…
Q: Black Diamond Company produces snowboards. Each snowboard requires 2 pounds of carbon fiber.…
A: Budgeting is a process of estimation of future income and expenditure for a particular period of…
Q: Waterway Corp sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is…
A: INVENTORY VALUATIONInventory Valuation is a Method of Calculation of Value of Inventory at the End…
Q: Assume the following (1) selling price per unit = $30. (2) variable expense per unit = $18, and (3)…
A: MARGINAL COSTING INCOME STATEMENTMarginal Costing Income Statement is one of the Important Cost…
Q: In this problem, you will be given three errors that may or may not affect the trial balance. You…
A: A trial balance is an accounting worksheet which consists of balances of the accounts maintained on…
Q: Sweet Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of…
A: Sales Revenue is a ledger used to record the sales made by the organization. This ledger is recorded…
Q: Jill Harrington, a manager at Jennings Company, is considering several potential capital investment…
A: The question is based on the concept of Cost Accounting.Payback period is the period in which the…
Q: Spiro Hospital is investigating the possibility of investing in new dialysis equipment. Two local…
A: Net Present Value is the net benefit from the asset or project adjusted against the time value of…
Q: The charges to Work in Process-Assembly Department for a period, together with information…
A: Work in process are the company’s partially finished goods which are yet to be completed. The…
Q: Marlin Liquidators is considering the purchase of a new $175,000 crane. If Marlin expects the cash…
A: Net Present Value (NPV) represents the current value of a project, calculated by discounting the…
Q: By the end of 2022, Reed has had a falling out with Carrie and Doug and has decided to leave the…
A: Partnership is the relation between two or more person, it has the following characteristicsThey…
Q: At the beginning of Year 2, Oak Consulting had the following normal balances in its accounts.…
A: Journalizing is the process of recording financial transactions in a journal or ledger, summarizing…
Vinubhai
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 4 images
- If you have the following cost equation Y = 3000 + 10 X units produced 1500 units . The total fixed cost is: Select one: a. The correct answer not available Ob. OMR 18000 x c. OMR 3000 d. OMR 15000In the equation y = $11.75x + $550, "x" represents Question 28 options: number of units produced. total fixed costs. total costs. None of these.Based on analyzing the production cost (Y) to units produced (X), the following relationship was found: Y=$5,000+$20X. The $20 in the equation represents: Select one: Oa. Variable production costs per unit Ob. None of the answers given Oc Total variable production costs. O d. Total fixed production costs Oe. Fixed production costs per unit. Next page age
- If you have the following cost equation Y = 3000 + 10 X units produced 1500 units. The total fixed cost is: Select one: O a. The correct answer not available O b. OMR 3000 c. OMR 18000 O d. OMR 15000 Clear my choiceAssume that the situation can be expressed as a linear cost function. Find the cost function in this case. Marginal cost: $60; 120 items cost $8000 to produce. The linear cost function is C(x)= FEESuppose a ceiling fan manufacturer has the total cost function C(x) = 35x + 1200 and the total revenue function R(x) = 65x. (a) What is the equation of the profit function P(x) for this commodity? P(x) = (b) What is the profit on 20 units? P(20) = Interpret your result. The total costs are less than the revenue. The total costs are more than the revenue. The total costs are exactly the same as the revenue. (c) How many fans must be sold to avoid losing money? fans
- The cost equation of YTS Inc. is y = 35x + 400,000. y is the profit, 35 is the contribution margin per unit, x is the number of units sold, and 400,000 is the total fixed cost. What is the total units to be sold to arrive a profit of 146,000?Assume that the linear cost and revenue models apply. An item costs $13 to make. If fixed costs are $1600 and profits are $5700 when 100 items are made and sold, find the revenue equation. (Let x be the number of items.)R(x) =Solve the problem. 6) At a manufacturing plant, the total cost (in dollars) to produce x items is C(x) = 2.04x + 2710. What is the average cost per item?
- The BEP is 5000 units, the price per unit is P60 and the variable cost per unit is P20. What is the fixed cost? Select one: a. P100,000 b. P400,000 c. P200,000 d. P300,000(1)Use the graph to answer the question that follows. Based on the chart above, if the product sells at a price of $3 per unit, what is the marginal revenue product of the second unit of labor? A-$30. B-$45. C-$90. D-$120. E-Indeterminate (2)The number of units of output that a machine will produce increases, ceteris paribus. How will this change in productivity affect demand for the machine? A-Demand for the machine will increase. B-Demand for the machine will decrease. C-There will be no change in demand for the machine. D-Demand will not change, but quantity demanded will decrease. E-Demand will not change, but quantity demanded will increase.Suppose that when the output is 0, the total cost is 40. However, when the firm produces the first unit of output, the total cost is 50. Which of the following statements are true, which are false? The average cost of producing O True O False one unit is 25. The marginal cost of producing True False the first unit is 10. The fixed cost is 40. True False The variable cost of producing O True O False the first unit is 10.