Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Computing Average Cost[LO3] K-Too Everwear Corporation can manufacture mountain climbing shoes for $31.85 per pair in variable raw material costs and $22.80 per pair in
Computing Average Cost[LO3] K-Too Everwear Corporation can manufacture mountain climbing shoes for $31.85 per pair in variable raw material costs and $22.80 per pair in variable labor expense The shoes sell for $145 per pair. Last year, production was 120,000 pairs Fixed costs were $1,750,000. What were total production costs? What is the marginal cost per pair? (Round your answer to 2 decimal places, (e.g., 32.16)) What is the average cost per pair? (Round your answer to 2 decimal places. (e.g., 32.16)) If the company is considering a one-time order for an extra 5,000 pairs, what is the minimum acceptable total revenue from the order
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started