The table below shows a firm’s costs at different production…
The table below shows a firm’s costs at different production levels.Complete the table output Unit Fixed cost Variable cost Total cost Average total cost Average fixed cost Average variable cost Marginal cost 0 200 1 40 2 68 3 88 4 104
Read DetailsOpen your Quality Sweaters (break-even) workbook and set the…
Open your Quality Sweaters (break-even) workbook and set the BASE inputs: fixed cost of printing $20,000; variable cost of printing and mailing $0.25; number mailed 100,000; average order $40; variable cost per order $32.20; response rate 8%. (Check: profit shows $17,400.) Change ONLY this input: variable cost per order = $30.00. What response rate makes profit exactly $0? Enter a percent with two decimals and no % sign. Example: if Excel shows 5.77% or 0.0577, enter 5.77. If your cell shows a rounded value such as 6%, add decimals first (Home, Increase Decimal).
Read DetailsOpen your Quality Sweaters (break-even) workbook and set the…
Open your Quality Sweaters (break-even) workbook and set the BASE inputs: fixed cost of printing $20,000; variable cost of printing and mailing $0.25; number mailed 100,000; average order $40; variable cost per order $32.20; response rate 8%. (Check: profit shows $17,400.) Change ONLY this input: fixed cost of printing = $25,000. How many catalogs must be mailed for profit to be exactly $0? Round to the nearest whole catalog and enter it with no comma (example: 53476).
Read DetailsOpen your Woodworks (bookshelf) workbook and set the BASE in…
Open your Woodworks (bookshelf) workbook and set the BASE inputs: 30 board-feet and 16 labor hours per bookshelf for both woods; cherry $5.50 per board-foot rising 2.4% a year; oak $4.30 per board-foot rising 1.7% a year; labor $18.50 per hour rising 1.5% a year. (Check: the year-6 cherry bookshelf shows $513.89.) Change ONLY this input: oak’s projected annual increase = 3.0%. What is the cost of one OAK bookshelf 6 years from now? Enter dollars and cents with no $ sign (example: 498.25).
Read DetailsOpen your Quality Sweaters (break-even) workbook and set the…
Open your Quality Sweaters (break-even) workbook and set the BASE inputs: fixed cost of printing $20,000; variable cost of printing and mailing $0.25; number mailed 100,000; average order $40; variable cost per order $32.20; response rate 8%. (Check: profit shows $17,400.) Change ONLY this input: response rate = 10%. How many catalogs must be mailed for profit to be exactly $0? Round to the nearest whole catalog and enter it with no comma (example: 53476).
Read DetailsOpen your Woodworks (bookshelf) workbook and set the BASE in…
Open your Woodworks (bookshelf) workbook and set the BASE inputs: 30 board-feet and 16 labor hours per bookshelf for both woods; cherry $5.50 per board-foot rising 2.4% a year; oak $4.30 per board-foot rising 1.7% a year; labor $18.50 per hour rising 1.5% a year. (Check: the year-6 cherry bookshelf shows $513.89.) Make NO changes to the base inputs. What is the FIRST year (0 to 6) in which one CHERRY bookshelf costs more than $480? Enter a whole number.
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