Three production processes - A, B, and C - have the following cost structure:​   the selling price is 6.22 per unit Process Fixed Cost per Year Variable Cost per Unit A 109532            3.83 B 86834  4.29 C 87149  4.41    What is the cost of process B for a volume of 7367 units? (round to the nearest cent).

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
icon
Related questions
Question

2

Three production processes - A, B, and C - have the following cost structure:​

 

the selling price is 6.22 per unit

Process

Fixed Cost

per Year

Variable Cost

per Unit

A

109532 

          3.83

B

86834 

4.29

C

87149 

4.41 

 

What is the cost of process B for a volume of 7367 units? (round to the nearest cent).

 

3

What is the cost of process C for a volume of 7367 units? (round to the nearest cent).

 

4

 

Expert Solution
steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Similar questions
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Basic Technical Mathematics
Basic Technical Mathematics
Advanced Math
ISBN:
9780134437705
Author:
Washington
Publisher:
PEARSON
Topology
Topology
Advanced Math
ISBN:
9780134689517
Author:
Munkres, James R.
Publisher:
Pearson,