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2 years ago

If a firm produces 10 units of output, total costs are $1,030, and average fixed costs are $10, then total variable costs are

Business

1 answer:

skad [1K]2 years ago

3 0

Answer:

Total variable costs =$930

Explanation:

Total cost is the sum of total fixed cost and total variable cost. Hence given the average fixed cost , we can work-out the total variable cost.

This is done as follows:

Total fixed costs = average fixed costs × number of units

= $10 × 10= $100.

Total variable costs = Total cost - total fixed cost

= $1,030 - $100

=$930

Total variable costs =$930

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Which of the following actions helps a company find the game plan for long-run survival and growth that makes the most sense gi

Papessa [141]

Answer: (D) Strategic planning

Explanation:

The strategic planning is one of the business documenting process in which the various types of directions and suggestions are given to the small organization or the business.

The main objective of the strategic planning is that it helps in establishing the the actual direction to the companies for the long term goals and also helps in making various types of decisions.

According to the given question, the strategic planning is one of the type of action which is specifically taken by an organization that helps the growth o the company.

Therefore, Option (D) is correct answer.

4 0

2 years ago

A product has annual demand of 100,000 units. The plant manager wants production to follow a four-hour cycle. Based on the follo

vova2212 [387]

Answer: The options are given below:

A. $18.00

B. $1,036.80

C. $2.00

D. $7.20

E. $64.00

The correct option is D. $7.20

Explanation:

From the question above, we were given:

Annual demand = 100,000 units

Production = 4 hour cycle

d = 400 per day (250 days per year)

p = 4000 units per day

H = $40 per unit per year

Q = 200

We will be using the EPQ or Q formula to calculate the cost setup, thus:

Q = √(2Ds/H) . √(p/(p-d)

200=√(2x400x250s/40 . √(4000/(4000-400)

200=√5,000s . √1.11

By squaring both sides, we have:

40,000=5,550s

s=40,000/5,550

s=7.20

4 0

2 years ago

Advanced Enterprises reports year−end information from 2019 as follows: Sales (160,250 units) $969,000 Cost of goods sold (6

Ilya [14]

Answer:

Cost of goods sold = $576,900

Explanation:

The budgeted cost of goods sold will be the sales volume in 2020 multiplied by cost per unit .

Sales volume in year 2020= (100-10)% × sales figure for 2019

= 90% × 160,250= 144,225

Cost of goods sold per unit = cost of goods sold in 2019/Sales units in 2019

= 641,000/160250=$4

Cost of goods sold = $4× 144,225 = $576,900

Cost of goods sold = $576,900

3 0

2 years ago

How is planning made and why is it important

lapo4ka [179]

Answer:

planning

Explanation:

it Helps to Set the Right Goals

In particular, planning helps to critically assess the goal to see if it's realistic. It facilitates decision making and allows setting a time frame by predicting when the company can achieve its goal

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2 years ago

The serving staff at mary's diner does not have to check with their supervisor before offering customers free dessert when the c

Airida [17]

This is an example of employee empowerment. This is giving employees a positive degree of independence and accountability for decision-making on the subject of their detailed organizational tasks. It lets decisions to be completed at the lower levels of an organization where workers have an exclusive view of the subjects and difficulties facing the organization at a certain level.

6 0

2 years ago