Paul Nellis manufactures nail cutters which has a fixed cost of $200 and 100 items cost $1,000.
Question:
Paul Nellis manufactures nail cutters which has a fixed cost of $200 and 100 items cost $1,000. Which of the following is the cost function, assuming that it is linear?
a. 8
b. 4.5
c. 12
d. None of the above
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
b 45 it is neither linear nor a cost function It is not linear ...View the full answer
Answered By
Willis Omondi
Hi, I'm Willis Omondi, a proficient and professional academic writer. I have been providing high-quality content that best suits my clients and completing their work within the deadline. All my work has been 100% plagiarism-free, according to research from my services, especially in arts subjects and many others
0.00
0 Reviews
10+ Question Solved
Related Book For
Horngrens Cost Accounting A Managerial Emphasis
ISBN: 9780135628478
17th Edition
Authors: Srikant M. Datar, Madhav V. Rajan
Question Posted:
Students also viewed these Business questions
-
The Company you are working for has decided to put on a banquet to raise money for a charity and must decide between two catering services to supply the food and servers. You have been assigned to...
-
Jen and Berry's sells ice-creams from its factory-shop in Petone. There is a managing director (Maynard Dibble), a marketing manager (Mary Salman) and a production manager (Peter Pritchard). Maynard...
-
The Electro Corporation, which manufactures television sets, has a fixed cost of $1 million per year. The gross profit from each TV set sold-that is, the price less the average variable cost-is $20....
-
Suppose that there is parity between the Australian dollar and the United States dollar. Let x be a positive number and assume that the United States dollar increases by 100x % in Australian dollars....
-
An FI is limited to holding no more than 8 percent of its assets in securities of a single issuer. What is the minimum number of securities it should hold to meet this requirement? What if the...
-
Selected transactions completed by Kornett Company during its first fiscal year ended December 31, 20Y8, were as follows: Jan. 3. Issued a check to establish a petty cash fund of $4,500. Feb. 26....
-
How much gas? Refer to Exercise 40. During March, the average temperature was 46.4F and Joan used 490 cubic feet of gas per day. Find and interpret the residual for this month.
-
A firm is planning to manufacture a new product. The sales department estimates that the quantity that an be sold depends on the selling price. As the selling price is increased, the quantity that...
-
Choosing to commute to work by driving a hybrid vehicle will save $230every six months in fuel. If money is worth7.5%compoundedsemi-annually,how much extra money, over the price of a gas-powered...
-
Read the case study and answer the question below with a one page response. What does a SWOT analysis reveal about the overall attractiveness of Under Armours situation? Founded in 1996 by former...
-
Karil Teeze Building Ltd is an estate developer based in Laos. The companys overhead costs fluctuate considerably from year to year according to the number of direct labor-hours worked in the various...
-
Differentiate between the industrial engineering method of cost estimation and the quantitative method.
-
Suppose that a young woman goes on to medical school and becomes a physician. Would you expect her expenditures on medical goods for her own health to be higher or lower than a nonphysician? Why?
-
Ryvel Company has 2 (two) Production Departments, namely Department I and Department II. In addition, it has 2 (two) Supporting Departments, namely Department C and Department D. Ryvel Company...
-
Dollars According to the graph below, what should this profit-maximizing firm do? P3 P4 MC ATC 0 Q3Q1Q2 MR D Quantity
-
Nyameye Ent. Manufactures rubber at Kurriasi. The following details relate to the movement of materials in February 2010. February Beginning balance: 800 units @ $6 per unit. 5 Received 200 units $7...
-
On January 1, 20X1, Popular Creek Corporation organized SunTime Company as a subsidiary in Switzerland with an initial investment cost of Swiss francs (SFr) 76,000. SunTime's December 31, 20X1, trial...
-
In November 2 0 2 4 , Lily informed you that she needs additional cash flow to meet her personal debt obligations. Lily does not want to sell more stock than she needs to because she wants...
-
Use cylindrical or spherical coordinates, whichever seems more appropriate. A solid right circular cone with constant density has base radius a and height h. (a) Find the moment of inertia of the...
-
When is the indirect pattern appropriate, and what are the benefits of using it?
-
Fun Stay Express operates a 100-room hotel near a busy amusement park. During June, a 30-day month, Fun Stay Express experienced a 65% occupancy rate from Monday evening through Thursday evening...
-
The new CEO of Rusty Manufacturing has asked for a variety of information about the operations of the firm from last year. The CEO is given the following information, but with some data missing:...
-
The new CEO of Rusty Manufacturing has asked for a variety of information about the operations of the firm from last year. The CEO is given the following information, but with some data missing:...
-
Accounting changes fall into one of three categories. Identify and explain these categories and give an example of each one.
-
Machinery is purchased on May 15, 2015 for $120,000 with a $10,000 salvage value and a five year life. The half year convention is followed. What method of depreciation will give the highest amount...
-
Flint Corporation was organized on January 1, 2020. It is authorized to issue 14,000 shares of 8%, $100 par value preferred stock, and 514,000 shares of no-par common stock with a stated value of $2...
Study smarter with the SolutionInn App