Mathematics For Machine Technology
8th Edition
ISBN: 9781337798310
Author: Peterson, John.
Publisher: Cengage Learning,
expand_more
expand_more
format_list_bulleted
Videos
Textbook Question
Chapter 24, Problem 18A
Finding Percentage, Percent, and Base in Practical Applications
Solve the following problems.
18. A manufacturer estimates the following percent costs to produce a product: labor, 38%; materials, 45%; overhead, 17%. The total cost of production is $120,000. Determine each of the dollar costs.
Materials:
Labor:
Overhead:
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
Which among the following cost do not increase or decrease according to the volume of production?
a.
Total costs
b.
Fixed cost
c.
Semi-variable costs
d.
Variable cost
A company is planning to manufacture mountain bikes. Fixed monthly cost will be $300,000 and it will cost $200 to produce each bicycle.
A. Write the cost function, C, of producing x mountain bikes.
C(x) = per month
B. Write the average cost function, C, of producing x mountain bikes.
C(x) = per month
%3D
C. How many mountain bikes must be produced each month for the company to have an average cost of $300 per bike?
must be produced each month.
Enter your answer in each of the answer boxes.
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
Chapter 24 Solutions
Mathematics For Machine Technology
Ch. 24 - What is 7.25% of 43.80? Round your answer to 2...Ch. 24 - Express 3.5% as a common fraction.Ch. 24 - Solve the proportion A12=2745 . If necessary,...Ch. 24 - Prob. 4ACh. 24 - Prob. 5ACh. 24 - Prob. 6ACh. 24 - Finding Percentage, Percent, and Base in Practical...Ch. 24 - Finding Percentage, Percent, and Base in Practical...Ch. 24 - Finding Percentage, Percent, and Base in Practical...Ch. 24 - Finding Percentage, Percent, and Base in Practical...
Ch. 24 - Finding Percentage, Percent, and Base in Practical...Ch. 24 - Finding Percentage, Percent, and Base in Practical...Ch. 24 - Finding Percentage, Percent, and Base in Practical...Ch. 24 - Finding Percentage, Percent, and Base in Practical...Ch. 24 - Finding Percentage, Percent, and Base in Practical...Ch. 24 - Finding Percentage, Percent, and Base in Practical...Ch. 24 - Prob. 17ACh. 24 - Finding Percentage, Percent, and Base in Practical...Ch. 24 - Finding Percentage, Percent, and Base in Practical...Ch. 24 - Finding Percentage, Percent, and Base in Practical...Ch. 24 - Prob. 21ACh. 24 - Prob. 22ACh. 24 - Finding Percentage, Percent, and Base in Practical...Ch. 24 - Finding Percentage, Percent, and Base in Practical...Ch. 24 - Prob. 25ACh. 24 - Prob. 26ACh. 24 - Finding Percentage, Percent, and Base in Practical...Ch. 24 - Finding Percentage, Percent, and Base in Practical...Ch. 24 - Finding Percentage, Percent, and Base in Practical...Ch. 24 - Finding Percentage, Percent, and Base in Practical...Ch. 24 - Prob. 31ACh. 24 - A manufacturer estimates that 15,500 pieces per...Ch. 24 - The average percent defective product of a...Ch. 24 - Prob. 34ACh. 24 - Prob. 35ACh. 24 - The cost of one dozen cutters is listed as $525. A...Ch. 24 - A manufacturer's production this week is 3620...Ch. 24 - Two machines are used to produce the same product....Ch. 24 - Allowing for scrap, a firm produced 1890 pieces....Ch. 24 - A manufacturing company receives $122,000 upon the...Ch. 24 - Prob. 41A
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, advanced-math and related others by exploring similar questions and additional content below.Similar questions
- The Country Fields Retirement Community ch $6000/month for a single senior citizen to resi an efficiency apartment with assisted living The facility has operating expenses of $600,00 month. Staffing levels are dependent on the n of residents. Each senior who enters the comm requires additional food, personal care, and s staff time. The estimated cost for each pers $4000 per person per month. (a) How many senior citizen residents does the ity need to have in order to reach the break point? (b) What is the company's annual profit or in they maintain an average residency level senior citizens?arrow_forwardA candy producer charges $4 for its special lollipop. It costs them $1.50 to produce each lollipop. Additionally, they spend $370 per week to maintain the production. A. Let C represent the weekly cost in dollars and let x represent the number of lollipops produced. Write down the producer’s weekly cost function. B. Let R represent the revenue in dollars and let x represent the number of lollipops sold. Write down the producer’s revenue function.arrow_forwardSolve these :arrow_forward
- A company manufactures notebook computers. Its marketing research department, using statistical techniques, collected the data shown in the table, where p is the wholesale price per computer at which x thousand computers can be sold. Using special analytical techniques (regression analysis), an analyst produced the price-demand function p(x) = 2,400 - 40x, 1 ≤ x ≤ 25 to model the data. Complete parts (A) and (B) below. x(thousands) 1 3 19 24 25 p($) 2360 2280 1640 1440 1400arrow_forwardSolve it. Pleasearrow_forwardThe cost of attending your university/college has once again gone up. One of the administrators at your university/college tells you that you pay more because the reputation of your institution is better than that of others. To investigate this hypothesis, you collect data randomly for 100 national universities and liberal arts colleges from the 2000-2001 U.S. News and World Report annual rankings. Next you estimate the following regression equation (p-values are in brackets). Cost = 7,311.17+3,985.20 i Reputation – 0.20 i Size (2,058.63) (664.58) (0.11) + 8,406.79 i Dpriv – 416.38 i Dlibart – 2,376.51 i Dreligion (2,154.85) (1,121.92) (1,007.86) R²= 0.72 The numbers in parentheses (brackets) are standard errors. Where: Cost is Tuition, Fees, Room and Board in dollars Reputation is the index used in U.S. News and World Report (based on a survey of university presidents and chief academic officers), which ranges from 1 ("marginal") to 5 (“distinguished") Size is the number of…arrow_forward
- [ Photo ]28.Given:Cost Price ( C ) = ₱600Mark-up (MU) = ₱230Find the selling price (S).arrow_forwardJoe, 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.arrow_forwardHelp me fast so that I will give Upvote..arrow_forward
- A contractor purchases a backhoe for $37, 300. Fuel and standard maintenance cost $5.95 per hour, and the operator is paid $12.03 per hour. a. Write a cost function for the cost C(z) of operating the backhoe for hours. Be sure to include the purchase price in the cost function. Cost function: C(z) = dollars b. If customers pay $27.77 per hour for the contractor's backhoe service, write the revenue function R(z) for the amount of revenue gained from a hours of use. Revenue function: R(x) = I c. Write the profit function P(x) for the amount of profit gained from a hours of use. Profit function: P(x) = dollars dollars d. How many hours must the backhoe be used in order to break even (assume that part of an hour counts as a whole hour)? In order for the contractor to break even, customers need to pay to use the backhoe for a total of hours.arrow_forwardThe neighbourhood bookstore sells novels for $15 per unit. The cost to purchase one book is $12. The store has fixed costs per month of $1500. The store estimates that they can sell 1800 books each month. (a) Compute the break-even point in units. (b) Compute the break-even point in sales dollars. (c) Compute the break-even point as a percent of capacity.arrow_forwardThe total cost C for a manufacturer during a given time period is a function of the number N of items produced during that period. To determine a formula for the total cost, we need to know two things. The first is the manufacturer's fixed costs. This amount covers expenses such as plant maintenance and insurance, and it is the same no matter how many items are produced. The second thing we need to know is the cost for each unit produced, which is called the variable cost.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Mathematics For Machine TechnologyAdvanced MathISBN:9781337798310Author:Peterson, John.Publisher:Cengage Learning,
Mathematics For Machine Technology
Advanced Math
ISBN:9781337798310
Author:Peterson, John.
Publisher:Cengage Learning,
What Are Research Ethics?; Author: HighSchoolScience101;https://www.youtube.com/watch?v=nX4c3V23DZI;License: Standard YouTube License, CC-BY
What is Ethics in Research - ethics in research (research ethics); Author: Chee-Onn Leong;https://www.youtube.com/watch?v=W8Vk0sXtMGU;License: Standard YouTube License, CC-BY