Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Problem #1 a. Perform the profit optimization analysis using the break-even (PE) solution with the following data: (1) fixed costs $7,893, . (2) revenue

image text in transcribed

image text in transcribed

image text in transcribed

1. Problem #1 a. Perform the profit optimization analysis using the break-even (PE) solution with the following data: (1) fixed costs $7,893, . (2) revenue $50.00 (3) variable cost per unit $1.3. b. The student will assume that this data comes from the company. c. You must use excel or excel gm to be able to solve the exercise. 2. Problem #2 a. A consultant hired by the company you work for includes, as part of his research, assumptions of a daily loss of 600 minutes in personal calls. These calls are estimated at a cost of $0.50 per minute and a salary of $25.00 per hour for the operators who are recruited to track the calls. calls. There are currently 4 female operators. b. Instructions: . You must create a table in which you can make the relevant comparisons that you understand to determine how many operators are needed. Determine the economic principle that you would establish and how much the company would be paying for the first operator, the company would be paying for the first operator. Make the corresponding graph. Personal call cost Marginal profit Payroll cost #of operators 0 1 2 3 4 time lost 600 480 410 370 350 60 35 20 10 3. Problem #3 a. T&H Productions had total costs for the previous month of $18,350.00 for a total production of 500 units of "X" product. total production of 500 units of "X" product. If the company recorded 60% of total costs as variable costs, then determine its average variable cost for that month. (Value 5 points if the answer is correct - 0 points if it is incorrect). incorrect) b. If when 4 units are produced, the total cost is 0.00, and when 5 units are produced, the total cost is $850.00. 5 units, the total cost is $867.00. Determine the marginal cost. (Value 5 pts. - O pts. if incorrect)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: C. William Thomas, Wendy M Tietz

13th Edition

013689903X, 9780136899037

More Books

Students also viewed these Accounting questions

Question

What are the attributes of a technical decision?

Answered: 1 week ago

Question

How do the two components of this theory work together?

Answered: 1 week ago