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lapo4ka [179]
3 years ago
15

anchors enterprises is trying to predict the cost associated with producing its anchors. at a production level of 5300 anchors,

anchors enterprise average cost per anchor is 57. what is the total cost of producing 5300 anchors
Business
2 answers:
Sonja [21]3 years ago
8 0

Answer:

The total cost of producing 5300 anchors is $302,100

Explanation:

Average cost per unnit is calculated by dividing ethe total cost with number of unit produced.

Number of Unit = 5,300 anchors

Average Cost per anchor = $57

Total Cost of Production = Average Cost per anchor x Average Cost per anchor

Total Cost of Production = $57 x 5,300 anchors

Total Cost of Production = $302,100

maks197457 [2]3 years ago
5 0

Answer:

$302,100

Explanation:

The Total Cost (TC) refers to the actual aggregate cost of producing a given quantity of output. Generally, total cost is the addition of variable cost and fixed cost of production.

In this question, we are given neither the total variable cost nor the fixed cost.

However, we are given the average cost (AC) which is unit cost of production that is be calculated as follows:

AC = TC/Q ……………………………………… (1)

Where,

AC = Average cost = $57

TC = Total cost = ?

Q = Output level of anchors = 5,300

Substituting the values above into equation (1) and solve for TC, we have:

$57 = TC/5,300

TC = $57 × 5,300 = $302,100

Therefore, the total cost of producing 5300 anchors is $302,100.

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Marta_Voda [28]

<u>Full question:</u>

Christie has just started with a travel agency. and she has been offering clients and prospective clients a range of packaged tours. She is concerned. because the commissions she is earning on her sales are lower than she had hoped. Her colleague Peter. who has been with the agency for several years, is having a great deal of success by working closely with the clients. seeking their ideas. and building customized tour packages for each one based on their suggestions.Peter's approach is based on A. transaction-oriented marketing.B. premium C. Vlaue Cocreation D.sales-oriented marketing.

Peter's approach is based on value cocreation.

<h3><u>Explanation:</u></h3>

Value co creation is one of the strategies used in the business. It is a business strategy that helps in creation and promotion of the involvement of the customers actively in creation of on demand and made to order products. By using this strategy they will get the exact product they are in need and they can also involve in understanding how those products are formed.

In the example given, The colleague of Christie, Peter is being working closely with the clients and he offers the services by asking the customer's ideas and their suggestions. Thus the approach followed by Peter is value cocreation.

6 0
2 years ago
Using the following information, estimate Rogue Outdoors annual or monthly market demand for adult hiking shoes: Number of 18-65
8_murik_8 [283]

Answer:

Rogue Outdoor’s break-even point in units and dollars is 720 units and $72,000 respectively.

Explanation:

In this question we use the formula of break-even point in the unit which is shown below:

= (Fixed expenses) ÷ (Contribution margin per unit)

where,  

Contribution margin per unit = Selling price per unit - Variable expense per unit

= $100 - $50

= $50

Now put these values to the above formula  

So, the value would equal to

= $36,000 ÷ 50 per units

= 720 units

And, the formula of break-even point in dollars which is shown below:

= (Fixed expenses) ÷ (Contribution margin ratio)

where,  

Contribution margin ratio = (Contribution margin ÷ selling price per unit) × 100

where, Contribution margin =  Selling price per unit - Variable expense per unit )

= $100 - $50

= $50

So, the contribution margin ratio = 50%

Now put these values to the above formula  

So, the value would equal to

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4 0
3 years ago
a company purchased supplies for cash, which will be consumed during future months. which of the following correctly describes t
harina [27]

The answer choice that correctly describes the impact of the supplies purchase on the financial statements is A. total assets will remain unchanged.

<h3>What is an Asset? </h3>

This refers to financial property owned by a company or individual that has some degree of value.

Hence, we can see that given the fact that a company purchased supplies for cash that would be used in a few months, this would leave the total assets unchanged.

Read more about assets here:

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4 0
1 year ago
g Corporation's cost formula for its bungalow operating cost is $2,960 per month plus $326 per day. For the month of December, t
Advocard [28]

Answer: $942 U

Explanation:

Budgeted cost was $2,960 per month plus $326 per day and there were 18 days of actual activity.

Budgeted cost = 2,960 + 326 * 18

= $‭8,828‬

Variance = Budgeted cost - Actual cost

= ‭8,828‬ - 9,770

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Budgeted cost is less than Actual cost which means the Variance is UNFAVORABLE.

5 0
2 years ago
When closing entries are made:
Anastaziya [24]

Answer:

e) All temporary accounts are closed but permanent accounts are not closed.

Explanation:

At the time of the closing entries, the temporary accounts are closed instead of all other accounts. The temporary accounts include revenues account, expenses account, dividend paid account, ultimately income summary account

These accounts are closed so that the amount of these accounts should be carried forward to the next accounting period. The amount would always be zero, And in every accounting period, these accounts are closed.

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