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deff fn [24]
3 years ago
6

​Plowin' Supply plans to make 15000 tractors at its plant. Fixed costs are $ 540000 and variable costs are $ 200 per tractor. Wh

at is the average cost per​ tractor?
Business
1 answer:
Bas_tet [7]3 years ago
4 0

Answer:

The average cost per​ tractor is $236

Explanation:

The average cost is calculated by dividing the sum of variable costs and fixed costs by the quantity of units produced.

Average cost per unit = Total cost of production/Quantity of units produced

Plowin' Supply plans to make 15,000 tractors with fixed costs are $ 540,000 and variable costs are $200 per tractor.

Total variable costs = 15,000 x $200 = $3,000,000

Total cost = Total variable costs + Fixed costs = $3,000,000 + $540,000 = $3,540,000

Average cost per​ tractor = $3,540,000/15,000 = $236

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Explanation:

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The 2020 Ford fusion is a 6 speed automatic front wheel drive which gives the best driving experience and less energy wastage.

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2 years ago
Aeryn Soon is a potential investor of Hippy Dippy Inc.’s preferred stock, which is currently selling for $475 per share. Hippy D
Ksju [112]

Answer:

Yes she should purchase this preferred stock.

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For Aeryn to decide whether she should purchase this preferred stock, its return on investment should be higher than or equal to 8%. The return on investment of this preferred stock is $40/$475 * 100 = 8.42%, which is higher than her required return therefore she should purchase the preferred stock.

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2 years ago
I need to know the answer of this question
Lunna [17]

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5 0
2 years ago
You are the manager of a gas station in a small town, and your goal is to maximize profits. Based on your experience, the elasti
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<span>a. </span>No. Since the good that I am selling is inelastic considering the elasticity given in and outside Texas, having a lower price than non-Texan gas stations would have less impact on the quantity demanded.

<span>b. </span>The profit-maximizing price to charge a Texan for a car wash would be $12.

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<span>(See attached for the calculations.)</span>

Download docx
7 0
3 years ago
Miller and Sons' static budget for 9,500 units of production includes $44,100 for direct materials, $52,600 for direct labor, va
EastWind [94]

Answer:

The correct answer to the following question is , direct material is equal to $64,525, direct labor is equal to $76,962, variable utility is equal to $9072 and supervisor salary is $15,700

Explanation:

Given information -

Budget for 9500 units of production, where

Direct material = $44,100

Direct labor = $52,600

Variable utilities = $6,200

Supervisor salaries which is a fixed cost is = $ 15,700

Calculating the direct material, direct labor and variable utilities when budget is of 13,900 units -

Direct material  = $44,100 x 13,900 / 9500

= $64,525 ( approximately )

Direct labor = $52,600 x 13,900 / 9500

=$ 76,962 (approximately )

Variable utilities = $6,200 x 13,900 / 9500

= $9072 (approximately )

Supervisor salaries is fixed cost = $15,700

6 0
2 years ago
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