A viable argument showing how it is reflected by the Cost Function for Wichita’s factory is; The cost of production per unit of item produced is 1$ as long as total units produced is less than 2500. If more than 2500 units are produced than the cost per unit actually comes down to 0.8$per unit.
<h3>How to Interpret Cost Functions?</h3>
From the given options, the best statement is;
The plant’s production processes are performed primarily by robots that are able to work longer hours, when needed, at no additional cost.
A cost function is a formula used to predict the cost that will be experienced at a certain activity level. Thus, the cost function for the best option is;
The cost of production per unit of item produced is 1$ as long as total units produced is less than 2500. If more than 2500 units are produced than the cost per unit actually comes down to 0.8$per unit.
The missing options are;
___ The electricity contract with the utility company is structured so that higher daily energy usage is charged at a lower rate.
___ The plant’s production processes are performed primarily by robots that are able to work longer hours, when needed, at no additional cost.
___ Overtime wages were required to produce at levels above 25,000 units.
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Prime cost is the combination of a manufactured product's costs of direct materials and direct labor. In other words, prime cost refers to the direct production costs.
Prime cost=direct material cost+direct labor cost
Direct material cost of a tabletop is
380×(1÷4)=95 for each tabletop
Direct labor cost
The question says The machinist cuts and polishes five tabletops each hour
Which means 27.50 of direct labor to cut and polish 5 tabletops So direct labor cost for each tabletop is
27.50÷5=5.5
Finally the prime cost of cutting and polishing a tabletop is
Prime cost=95+5.5=100.5
Answer:
Step-by-step explanation:
K (-5, 1)
L (0, 1)
M (0, 3)
N (-5, 3)
Answer:
72
Step-by-step explanation:
72 is the answer because it's on google
