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Scrat [10]
3 years ago
10

Sea Side Enterprises is trying to predict the cost associated with producing its anchors. At a production level of​ 5,300 anchor

s, Sea Side Enterprises average cost per anchor is​ $54. If​ $18,000 of the costs are​ fixed, and the plant manager uses the cost equation to predict total​ costs, her forecast for​ 9,000 anchors will be​ (Round any intermediary calculations to the nearest​ cent.)
Business
1 answer:
Lena [83]3 years ago
8 0

Answer:

The total cost at 9000 anchor is $473400

Explanation:

To come up with the cost equation used by the manager, we need to find the variable cost per unit.

The total cost at production level of 5300 is = 5300 * 54 = $286200

Out of the total costs, $18000 are fixed.

Thus, variable costs at production of 5300 is = 286200 - 18000 = $268200

The variable cost per unit is = 268200 / 5300 = $50.60

Let x be the number of anchors produced.

The cost equation is = 18000 + 50.60x

At 9000 anchors, the total cost will be,

Total cost = 18000 + 50.60 * (9000)  = $473400

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Miguel Alvarez in the accounting department at Baumer Company has provided the following information:
Mekhanik [1.2K]

Answer:

$10.65

Explanation:

The computation of the incremental manufacturing cost in the case when the production level is changed

= Direct material cost per unit + direct labor cost per unit + variable manufacturing overhead per unit

= $6.25 + $3.20 + $1.20

= $10.65

Here the fixed cost would not be relevant

8 0
3 years ago
The earned value system starts with the time-phased costs that provide the project baseline, which is called the ___________.a.
nikklg [1K]

Answer:

A. Planned budgeted value of work scheduled.

Explanation:

Earned Value system is a technique used in project management in estimating how well a project is doing in terms of the project budget and allocated schedule. It is used in estimating project efficiency in terms of the estimated deliverables. It helps in checking of the project is going according to "plan". Project efficiencies are measured against the baseline of a project which is the planned budgeted value of work with the aid of earned value system in order to quickly track any deviations in the project.

7 0
3 years ago
The costs that were incurred in a previous process and brought into a later process as part of the​ product's cost are called​ _
Fiesta28 [93]

Answer:

C. transferred in

Explanation:

The process costying will have a beginnign inventory and started units which come fro mthe raw materials inventory or another process. When they come from another process are called transfer-in

This figure along with the beginning inventory total the accounted for.

Then this can be either completed or keep as Work in process.

when completed are trasnferred-out

this both figures will stand for the cost to accoung for

3 0
3 years ago
In the Keynesian model, it is assumed that, when demand for a firm's product changes, the firm:
REY [17]

Answer:

B. changes production levels to meet the demand.

Explanation:

The Keynesian model is usually used as a theoretical approach to understand economics in the short run. For Keynes, in the short term, firms can not change their prices immediately because exist a menu cost: the cost of changing prices. Instead, firms change the unique variable that they can control: quantities.

In such way can meet the demand in the short run.

7 0
3 years ago
Products in the ___ of the product life cycle tend to consume a disproportionate share of management and financial resources rel
alexandr1967 [171]

Answer:

Decline stage

Explanation:

The decline stage of the product life cycle is the terminal stage where sales drop and production is ultimately halted. Profitability will fall, eventually to the point where it is no longer profitable to produce, and production will stop.

During decline, sales growth becomes negative, profits decline, competition remains high, and the product ultimately reaches its ‘death’.

Hence, this stage of the product life cycle ultimately tend to consume a disproportionate share of management and financial resources relative to their future worth as the next stage is the death of the product.

7 0
3 years ago
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