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Tanya [424]
3 years ago
12

Sea Side Enterprises is trying to predict the cost associated with producing its anchors. At a production level of 5100 anchors,

Sea Side Enterprises' average cost per anchor is $52 If $18,000 of the total costs are fixed, what is the variable cost of producing each anchor
Business
1 answer:
Thepotemich [5.8K]3 years ago
8 0

Answer:

$48.47

Explanation:

Data given in the question

Number of Anchors produced = 5,100

Average cost per anchor = $52

Fixed cost = $18,000

As we know that

Total cost = Fixed cost + variable cost

where,

Total cost is

= 5,100 anchors × $52

= $265,200

And, the fixed cost is $18,000

So, the variable cost is

= $265,200 - $18,000

= $247,200

And, the number of anchors is produced is 5,100

So, the variable cost for each anchor is

= $247,200 ÷ 5,100

= $48.47

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Pine Street Inc. makes unfinished bookcases that it sells for $58.09. Production costs are $37.97 variable and $10.12 fixed. Bec
ololo11 [35]

Answer:

Pine Street should sell finished bookcases.

Explanation:

                                  Differential analysis

                                 Sell unfinished  Process further  Net income

                                                                                        Increase (decrease)

Sale price per unit        58.09                    73.08                  14.99

<u>Cost per unit</u>

Variable                         37.97                     44.61                  -6.64

Fixed                              10.12                      10.12                      0

Total                              48.09                     54.73                  8.35

Net income per unit      10                         18.35                  8.35

So, the book cases should be sold after processed further.

7 0
2 years ago
Sound your horn __________________. A. to have fun B. to demand the right-of-way C. when necessary to avoid collisions D. to giv
alex41 [277]
A. Sounding your horn to have fun is just absurd, and could cause an issue. Either leading to other drivers to have a scare and wonder what was the problem, or they would get angry because they'd think you're trying to be rude. So, answer A. is incorrect. 

B. Sound your horn to demand the right-of-way is extremely wrong, and incorrect. So, answer B. is incorrect. 

C. You must sound your horn when necessary in order to avoid any collisions. You must do this to help warn and prevent another driver from getting into an accident with you. Therefore, C is correct.

D. Sound your horn to give other driver a piece of your mind. This is also known as road rage, it's not worth doing since you could get distracted while driving, and could lead to serious (sometimes fatal) issues. So, answer D. is incorrect. 

So, as I said above, the correct answer is: C. W<span>hen necessary to avoid collisions 

Good luck with your studies, and I truly hope this helps!~</span>
8 0
3 years ago
Read 2 more answers
Abigail buys cookies at a local gas station for $2.00 per pack. At the grocery store, she can get 10 packs for $20. Online, they
Goryan [66]

Abigail can buy the cookies at any of the merchants; the cost is the same. hence, Option B is the correct statement.

<h3 /><h3>What do you mean by financial advice?</h3>

The manner of attractiveness withinside the commercial enterprise of advising others with admiration to the making plans and/or the execution of recommendations in respect of selecting, purchasing, or promoting economic merchandise to satisfy investment, threat management, or threat mitigation objectives is referred to as Financial Advice.

Hence, Abigail can buy the cookies at any of the merchants; the cost is the same. Option B is the correct statement.

Learn more about Financial advice here:

brainly.com/question/4514268

#SPJ1

7 0
1 year ago
Nu Company reported the following pretax data for its first year of operations. Net sales 2,950 Cost of goods available for sale
melomori [17]

Answer:

NU company.

The reason LIFO and FIFO present 2 different valuation of inventory is because of the way inventory is expensed in either methods.

LIFO stands for Last in First out. Meaning the last stock to be received should be the first to be issued to production.

If it thus shows that our costs of inventory has been increasing over the period, the inventory expensed to cost of sales will be high while the inventory balance in the balance sheet low. And the reverse if the costs of new inventory purchases have been declining.

FIFO stands for First in First out. Meaning the first inventories receives must be exhausted before we move to the receipt after that, and on and on.

If it thus shows that our costs of inventory has been increasing over the period, the inventory expensed to cost of sales will be low while the inventory balance in the balance sheet high. And the reverse if the costs of new inventory purchases have been declining

Nu company Gross Profit

Net sales $2,950

Less costs of sales:

Cost of goods available for sale 2,350

Less inventory closing 920

Costs of sales 1,430

Gross profit $1,520

Gross Profit % = $1,520 / $2,950

= 52% (c)

3 0
3 years ago
If at optimum output of 1,000 units, the firm is incurring average variable cost per unit of $3, average fixed cost per unit of
iVinArrow [24]

Answer:

$2500

Explanation:

Given: Total output(quantity)= 1000 units.

           average variable cost per unit= $3

           Average fixed cost per unit= $1.5

           Selling price per unit is $7

We know, Profit= Total\ revenue - Total\ cost

First, lets find out total cost

Total cost= Total\ fixed\ cost+ Total\ variable\ cost

Remember, cost= average\ cost\times quantity

Fixed\ cost= \textrm{average fixed cost per unit}\times quantity

Fixed\ cost= 1.5\times 1000= \$ 1500

Variable\ cost= \textrm{average variable cost per unit}\times quantity

Variable\ cost= \$ 3\times 1000= \$ 3000

∴ Total cost= 1500+ 3000= \$4500

Now, finding total revenue.

Total\ revenue= selling\ price\times quantity

Total\ revenue= \$ 7\times 1000= \$ 7000.

Profit= Total\ revenue - Total\ cost

∴ Total profit= \$ 7000-\$ 4500= \$2500

Total profit= $2500

8 0
3 years ago
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