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pishuonlain [190]
3 years ago
13

For a certain product, the cost function is linear with fixed costs of $480. If the product will sell for $25 per unit and the b

reak even quantity is 80 units, find the marginal cost and marginal profit for the product.
Business
1 answer:
MArishka [77]3 years ago
7 0

Answer:

Marginal Cost = $19

Marginal Profit = $6

Explanation:

Break even quantity = \frac{fixed cost}{contribution per unit}

80 = \frac{480}{contribution}

Contribution = \frac{480}{80} = 6 per unit

Contribution = Sales - Variable cost = $25 - VC = $6

$25 - $6 = VC = $19

Marginal cost is cost incurred for every additional unit produced, i.e. variable cost = $19, as fixed cost remains constant.

Marginal revenue is additional revenue on sale of every unit = contribution per unit = $6

Marginal cost = $19

Marginal Profit = $6

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The cost of a completed job in a job-order costing system typically consists of the actual direct materials cost of the job, the
kondaur [170]

Answer:

True

Explanation:

For computing the cost of the completed jobs in a  job-order costing system we have to consider the actual direct materials cost,  actual direct labor cost, and the manufacturing overhead cost applied.

In mathematically,  

The total cost of completed job = Direct Material cost + Direct labor cost + manufacturing overhead cost

Therefore, the given statement is true

3 0
3 years ago
Suppose a project is subject to the following risk events (each with a given probability of occurring and a cost associated with
gulaghasi [49]

Answer :

Correct answer is Option (e)

Explanation :

As per the data given in the question,

Option (e) is the correct answer, which indicates that Event 2nd should probably get the most attention and Event 3rd should probably get the least.

The reason behind it is Event 2nd has the highest probability of occurrence at 0.6 and cost associated with it is also the greatest at $54,000. Event 3rd has the least probability of occurrence at 0.1 and the cost associated with its occurrence is also the smallest at $12,000.Therefore this Event should be given least importance.

5 0
3 years ago
When is the only time to abbreviate on a job application? Question 3 options: In the Personal Information section In the Positio
Alexxandr [17]

Answer:

Availability Section

Explanation:

All the information in a job application needs to be very detailed and with little to no room for interpretation. This is because a job application is a one-time deal meaning you do not get to redo it once you turn it in. If the hiring manager does not understand something in the job application they will simply throw it away and pass on to the next application on the list, they will not waste time on it. Therefore, the only thing that can be abbreviated would be the Availability Section when dealing with days of the week. Instead of spelling out every day you can say any of the following...

Mon, Tue, Wed, Thu, Fri, Sat, Sun

Sat-Sun

Mon-Fri

8 0
2 years ago
If a country changes its corporate tax laws so that domestic businesses build and manage more business in other countries, then
LekaFEV [45]

Answer: falls and the net capital outflow of other countries rise

Explanation:

Net capital outflow refers to the net flow of funds that's invested abroad by a particular country at a particular period. It should be noted that a positive net capital flow simply means that such country invests more outside more than than what the other parts of the world invests in it.

Given the question above, since the country changes its corporate tax laws so that domestic businesses build and manage more business in other countries, it means that the net capital outflow of that country falls and the net capital outflow of other countries rise.

3 0
2 years ago
Jessica purchased a home on January 1, 2018 for $580,000 by making a down payment of $230,000 and financing the remaining $350,0
Ann [662]

Answer:

$32,600

Explanation:

Calculation to determine her itemized deduction if she used the proceeds of the second loan to finish the basement in her home and landscape her yard

Using this formula

Itemized deduction =(Financing amount * 6 percent)+(Additional amount borrowed*interest rate of 8 percent)

Let plug in the formula

Itemized deduction=( $350,000 * 6 percent)+($145,000 *8 percent)

Itemized deduction=($21,000+$11,600)

Itemized deduction=$32,600

Therefore her itemized deduction if she used the proceeds of the second loan to finish the basement in her home and landscape her yard wi be $32,600

5 0
2 years ago
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