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Can you please show math. I need to learn this Requirements Calculate the following: a. Total cost of performing 1,000 oil changes in May b.
Can you please show math. I need to learn this
Requirements Calculate the following: a. Total cost of performing 1,000 oil changes in May b. Average cost of performing each oil change in May c. Marginal cost of performing an oil change in May d. If the company could reach full capacity one month, what would the total cost be? e. At full capacity, what would the average cost be of each oil change? f. Could Stone River Fast Lube offer more competitive pricing if it operated closer to full capacity? Explain. Stone River Fast Lube does oil changes on vehicles in 15 minutes or less. The variable cost associated with each oil change is $12 (oil, fillor, and 15 minutes of employeo time). The fixed costs of running the shop are $9,000 each month (store manager salary, depreciation on shop and equipment, insurance, and proporty taxes). The shop has the capacity to perform 2,000 oil changes each month. Fread the Requirement a. Total cost of performing 1,000 oi changes in May. Determine the formula, then caloulate the currenl tots product cost of performing 1,000 of changes in Mry. Requirement b. Average cost of pertoeming each oll thange in May. Determine the formulit, then catoulate the curent average cost per oll change. Requirement c. Marginal cost of perfoming an ol change in May. The margnai cons of perlorrming an of change in May is Blone River Fast Lube does of changes on vehicles in 15 minutes or less. The variable cost associated with each oll change is $12 (oil, filter, and 15 minutes of employeo time). The Determine the formista, then caloulate the current average cost por oll change =Averagecostperolchange= Requirement c, Marginal cost of performing an oi change in May. The marginal cont of performing an ol change in May is Requirement d. If the company could reach full capacity one month, what would the total cost be? If the corrpany could reach full capooly one month, the totial cost would be Requirement e. At full capacity, what would the average cost be of each ol change? (Enter your answer te the nearest cent) At full capacily, the average cost of each ol change would be Requirement 1. Could Stane River Fast Lube offer more competive pricing if z operated closer to full capacty? Explain. As the shop operales cioser to full capacity, the fiued costs thereby the average coat of each ol change. As the average cost the shop could offer its service at a price point in order to stay compotitie in the market Step by Step Solution
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