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enot [183]
2 years ago
12

Minimum Cost An offshore oil well is kilometers off the coast. The refinery is kilometers down the coast. Laying pipe in the oce

an is twice as expensive as laying it on land. What path should the pipe follow in order to minimize the cost?
Business
1 answer:
scoundrel [369]2 years ago
3 0

Answer:

To minimize cost, the pipe should follow a rectangular path.

Explanation:

Let us denote the square bottom of the dug pit as

            P = S²

and its cost will be P = 2S² = 4S to dig

Let us denote the height of the pit as H,

Therefore, Total area of the pit will be:

            4SH

and its cost is 2SH

The volume of the pit is

v= S²H = 4² × 2 = 128

Total cost therefore is =

C = 2S² + 2SH

This therefore translates to

128 = s²h

Making H the subject of the formula,

we have, h = 128 / S²

Cs therefore = 2S² +2S  . 128 / S²

Cs = 2S² + 256 / S

Cs = 4S - 256 / S²

Cs = 4S³ - 256 / S

4S³ - 256 / S = 0

4S³ - 256 - 0 = S

Solving further, S = 4

Where,

H = 128/64

= 2

Therefor, S = 4 and H= 2

So our pipe will follow a rectangular path to properly minimize cost.

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Silmon Corporation makes a product with the following standard costs:
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Answer:

Material quantity variance =$74, 280  unfavorable        

Explanation:

<em>The material quantity variance occurs when the actual quantity of material used to achieve a given level of output is more or less than the standard quantity expected.</em>

For Silmon Corporation, it can be computed as follows:

Quantity variance is                                                          

                                                                                        Gram

5,300 units should have used ( 5300× 5.1 )                 27,030

but did used                                                                    <u>39,410</u>

Variance in quantity                                                      12,380 Unfavorable

Price per unit                                                              <u> × $6</u>

Material quantity variance                                         <u> $ 74,280</u>. Unfavorable

   

Material quantity variance =$74, 280  unfavorable                                  

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U.S. dollars are an example of fiat money because it's a currency that has been established as legal tender by the U.S. Government, but it has no intrinsic value of its own.

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