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ipn [44]
3 years ago
8

Best Birdies produces ornate birdcages. The company's average cost per unit is $22 when it produces 2700 birdcages. If $5700 of

the costs are fixed, and the plant manager uses the cost equation to predict total costs, his forecast for 3500 birdcages will be _____
Business
2 answers:
Elina [12.6K]3 years ago
8 0

Answer: $75,315

Explanation:

Given the following ;

Average cost per unit = $22,when Total unit = 2700

Fixed cost(FC) = $5700

Variable Cost(VC)

In other to use the cost function in determining the total cost of 3500 unit, we need to determine the following ;

Total Cost{TC) of 2700 units :

unit size × average price per unit

2700 × $22 = $59,400

TC = $59,400

Cost equation :

TC = VC(unit size) + FC

$59,400 = VC(2700) + $5700

VC = $53,700 ÷ 2700

Variable Cost(VC) per unit = $19.89

Using the cost function ;

We can project the fixed cost when unit size = 3500

TC = VC(unit size) + FC

TC = $19.89(3500) + $5700

FC = $ 696615 + $5700

FC = $75,315

V125BC [204]3 years ago
4 0

Answer:

Total cost= $75,315

Explanation:

Giving the following information:

The company's average cost per unit is $22 when it produces 2700 birdcages.

Fixed cost= $5700

We need to calculate the total cost for 3,500 birdcages.

<u>First, we need to calculate the unitary cost per unit:</u>

<u />

The average cost is calculated as follow:

Average cost= total cost/ number of units

22= total cost/2,700

Total cost= 59,400

If fixed costs are $5,700, total and unitary variable costs are:

Total variable cost= 59,400 - 5,700= 53,700

Unitary variable cost= 53,700/2,700= $19.89 per unit

<u>Now, we can determine the function cost:</u>

Total cost= fixed cost + variable cost

Total cost= 5,700 + 19.89*x

For 3,500 units:

Total cost= 5.700 + 19.89*3,500

Total cost= $75,315

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7 0
1 year ago
The following data is available for BOX Corporation at December 31, 2017: Common stock, par $10 (authorized 30,000 shares) $270,
Snezhnost [94]

Answer:

26,920

Explanation:

At $10 par value,

Number of authorized shares = 30,000 (given)

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Since Treasury shares do not form part of outstanding shares, they will be deducted from issued shares to obtain outstanding shares

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3 years ago
At the beginning of the year, Rangle Company expected to incur $64,000 of overhead costs in producing 6,400 units of product. Th
Studentka2010 [4]

Answer:

$48,000

Explanation:

The total cost of the units produced in the month is the sum of the direct and indirect cost. The indirect cost is also known as the overheads.

The direct cost is the sum of the direct labor and direct material cost.

Total direct cost = 600( $30 + $40)

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Indirect cost = 600/6400 * $64,000

= $6000

The total cost of the units made in January was

= $42000 + $6000

= $48,000

6 0
3 years ago
Read 2 more answers
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