Answer:
13,000
$80
Explanation:
As per the data given in the question, the computation is shown below:
Market demand function Q = 18,000 - 100P + 11,000 - 100P
Q = 29,000 - 200P
Divide by 200
The inverse function P = 145 - (Q ÷ 200)
TR = P×Q = 145Q - 0.005Q^2
MR = 145 - (1 ÷ 100)
Q = 145 - 0.01Q
Marginal cost (MC) = 15
At equilibrium MR = MC
145 - 0.01Q = 15
Q = 13,000
P = 145 - 0.005 × 13,000 = $80
Answer:
$114,338
Explanation:
The computation of the amount that should be billed when 1,400 professional labor hours used
But before that determine the actual per hour salary and budgeted indirect cost per hour
Actual per hour salary
= Total actual salary ÷ Total actual professional hours
= ($110,000 × $20 + $30,000× 10) ÷ (60,000)
= ($2,200,000 + $300,000) ÷ (60,000)
= $41.67
And, the budgeted indirect cost per hour is
= $200,000 ÷ $50,000
= $40
Now the amount that should be billed is
= 1,400 hours × ($41.67 + $40)
= $114,338
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Answer: Continuous-flow manufacturing
Explanation:
Continuous-flow manufacturing, also known as the repetitive-flow manufacturing involves the move from one work unit at a time between every step of the process with no breaks in sequence, time, substance, or extent.
The aim of the continuous manufacturing flow is to manufacture a flow production to produce, manufacture, or process materials uninterrupted.
Answer:
scenario planning and scenario analysis.
Explanation:
Planning can be defined as the process of developing organizational objectives and translating them into action plans or courses of action.
This ultimately implies that, planning is a strategic technique used by organizations to make an aggregate plan for its manufacturing (production) process typically ahead of time, in order to have an idea of the level of goods that are to be produced and what resources are required so as to reduce the total cost of production to its barest minimum.
Contingency planning is also known as scenario planning and scenario analysis.
Basically, a contingency planning is a type of plan that is typically designed by a business firm to take into account a possible future circumstance or event based on a forecast.