The Metropolitan Company sells its latest product at a unit price of $8. Variable costs are estimated to be 40% of the total revenue, while fixed costs amount to $7,800 per month. How many unitsshould the company sell per month to break even, assuming that it can sell up to 5,000 units per month at the planned price?units

Selling price of the latest product is $8 Fixed cost = $7800 per month Let the number of units sold…

Answered: The Metropolitan Company sells its…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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The cost of operating a bus involves the cost of gasoline , the driver's wage and other maintenance cost. Assume that the cost of Gasoline is $ 1.25 per litre , the driver earns $ 45 per hour , and maintenance cost is $ 0.18 per kilometre. If the fuel efficiency of the bus traveling at 80 Kilometres per hour is 9.6 litre per 100 kilometres, determine the cost of operating the bus (in Dollars) over a distance of 400 Kilometres. Enter your answer without units. Enter an integer or a fully reduced fraction such as 104 , 216 , 2056/7. etc. No spaces please
A manufacturer sells a product at $8.45 per unit, selling all produced. The fixed cost is $2300 and the variable cost is $7.20 per unit. At what level of production will there be a profit of $5000? At what level of production will there be a loss of $1450? At what level of production will the break-even point occur? There will be a profit of $5000 when the production level is units. ...
A book publisher has fixed costs of $360,000 and variable costs per book of $9.00. The book sells $23.00 per copy. How many books must be sold to break even? If the fixed cost increased, would the new break even point he higher or lower? If the variable cost per unit decreased, would the new break even point he higher or lower?
A company uses 5000 items per annum which has a price of $2 each. The ordering costs are $150 per order and holding costs are $1.50 per item per annum. The company is offered a 5% discount (discounted price is $1.90) for orders of 5000 and over. Order cost and holding cost remain at $150 per order and $1.50 respectively. Assuming that the company orders 5000 items per order, calculate the number of orders per annum, average stock, annual stock holding cost, annual order cost, annual inventory cost and the total annual cost of items and inventory.
J.W. Electronics sells one of its 27-inch screen TV’s for $300. The fixed cost for producing this type of TV is $125 000. The variable cost per unit is $175 d. How many more TVs (% increase) must J.W. Electronics sell to make a profit of $62,500 if it decides to reduce its sales price to $275? Show your calculations. Only list the incremental % increase in the final input cell. e. Assume that J.W. Electronics decides to reduce its selling price to $275, but that one of its suppliers then increases the cost of the glass to make TV screens by $10 per TV. More bad news: the landlord increases the rent for J.W.’s office space by $5,000. Based on these two developments, what is the company’s new break-even point in units? Show your calculations.
A certain company is producing and selling its product X. The variable cost of the product X is 60% of its selling price, and the fixed cost of the company is $50,000 per month. When the company’s target profit for the forthcoming month is $20,000, how much sales volume (in dollars) is required to meet it?
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Between 2010 and 2016, the average rate of inflation was about 1.6% per year. If a cart of groceries cost $100 in 2010, what will it cost in 2025, assuming the rate of inflation remains constant at 1.6%?
Please help me solve this with a solution thanks! ASAP
The following information is available for Johnston Ltd. Basic pay = £8/hour for a 40-hour week.Normal production in that time = 120 units.Bonus = 50% of the time saved on production and is paid at a time and a quarter.What will be the total wage in a week in which 150 units are made in 40 hours?
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Joe, the owner of Genuine Reproductions (GR), a company that manufactures reproduction furniture, is interested in measuring inventory effectiveness. Last year the cost of goods sold at GR was $3,000,000. The average inventory in dollars was $250,000. (a) Calculate the inventory turnover for GR. (b) Calculate the weeks of supply. Assume 52 weeks per year. (c) Calculate the days of supply. Assume that GR operates 5 days per week.

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