Answered step by step
Verified Expert Solution
Link Copied!

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

image text in transcribed

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

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

Step: 3

blur-text-image

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

Contemporary Quantitative Finance

Authors: Carl Chiarella, Alexander Novikov

2010th Edition

3642034780, 978-3642034787

More Books

Students also viewed these Finance questions