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seropon [69]
3 years ago
5

A firm produces 400 units of output at a total cost of $1,200. If total variable costs are $1,000, Group of answer choices avera

ge total cost is $2.50. average fixed cost is 50 cents. average variable cost is $2. average total cost is 50 cents.
Business
1 answer:
jasenka [17]3 years ago
5 0

Answer:

The true answer:

average fixed cost is 50 cents

Explanation:

The firm produces 400 units of output at a total cost of $1,200.

Average total cost = $1,200/400 = $3.00

Total variable costs are $1,000, total fixed cost = Total cost - total variable costs = $1,200 - $1,000 = $200

Average variable cost = $1,000/400 = $2.50

Average fixed cost = $200/400 = $0.50 (50 cents)

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7 0
3 years ago
A plant asset was purchased on January 1 for $140000 with an estimated salvage value of $20000 at the end of its useful life. Th
alukav5142 [94]

Answer:

useful life= 12 years

Explanation:

Giving the following information:

Purchase price= $140,000

Salvage value= $20,000

Annual depreciation= $10,000

<u>To calculate the useful life, we need to use the straight-line method formula:</u>

Annual depreciation= (original cost - salvage value)/estimated life (years)

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4 0
3 years ago
Meena Chavan Corp's computer chip production process yields DRAM chips with an average life of 2,000 hours and s = 120 hours. Th
AnnZ [28]

Answer: a.)Cp= 1.25 ; b.) process is very capable ; c.) 0.83 ; d.) does not meet requires specification.

Explanation:

Given the following ;

Average chip life = 2000 hours

Standard deviation = 120 hours

Tolerance upper specification limit = 2600 hours

Tolerance lower specification limit = 1700 hours

A.) process capability ratio (Cp) :

Cp = (Upper specification limit - Lower specification limit) ÷ 6(standard deviation)

Cp = (2600 - 1700) ÷ (6 × 120)

Cp = 900 ÷ 720 = 1.25

B.) Capability ratio of 1.25 demonstrated that it is very capable.

C.) process capability ratio index(Cpk) :

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Mean(X) = 2000

Lower Cpk = (X - LSL) ÷ 3(standard deviation)

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Upper Cpk = (USL - X) ÷ (3 × Standard deviation)

Upper Cpk = (2600 - 2000) ÷(3×120)

Upper Cpk = 600 ÷ 360 = 1.67

Cpk = Minimum_of (Upper Cpk, Lower Cpk)

Cpk = Minimum_of (1.67,0.83)

Cpk = 0.83

D.) Cpk < 1.0, shows that it does not meet required specification.

3 0
3 years ago
Read 2 more answers
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S_A_V [24]

Answer:

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