Question
Garrett's Glassworks makes glass flanges for scientific use. Materials cost $ 1$1 per flange, and the glass blowers are paid a wage rate of $
Garrett's Glassworks makes glass flanges for scientific use. Materials cost $ 1$1 per flange, and the glass blowers are paid a wage rate of $ 20$20 per hour. A glass blower blows 55 flanges per hour. Fixed manufacturing costs for flanges are $ 27 comma 000$27,000 per period. Period (nonmanufacturing) costs associated with flanges are $ 17 comma 000$17,000 per period and are fixed.\ Read the requirements LOADING... .\ Question content area bottom\ Part 1\ Requirement 1. Select the graph that shows fixed, variable, and total manufacturing cost for flanges, using units (number of flanges) on the x-axis. (Enlarge each graph before selecting your answer.)\ A.\ 0\ 2,000\ 4,000\ 6,000\ 8,000\ 10,000\ 12,000\ 14,000\ 0\ 100,000\ Number of flanges\ Cost\ Fixed costs\ Variable costs\ Total costs\ \ \ \ x y graph\ B.\ 0\ 2,000\ 4,000\ 6,000\ 8,000\ 10,000\ 12,000\ 14,000\ 0\ 100,000\ Number of flanges\ Cost\ Fixed costs\ Total costs\ Variable costs\ \ \ \ x y graph\ C.\ 0\ 2,000\ 4,000\ 6,000\ 8,000\ 10,000\ 12,000\ 14,000\ 0\ 100,000\ Number of flanges\ Cost\ Fixed costs\ Variable costs\ Total costs\ \ \ \ x y graph\ D.\ 0\ 2,000\ 4,000\ 6,000\ 8,000\ 10,000\ 12,000\ 14,000\ 0\ 100,000\ Number of flanges\ Cost\ Fixed costs\ Total costs\ Variable costs\ \ \ \ x y graph\ Part 2\ Requirement 2. Assume GarrettGarrett's Glassworks manufactures and sells 5 comma 0005,000 flanges this period. Its competitor, FainaFaina's Flasks, sells flanges for $ 11.00$11.00 each. Can GarrettGarrett sell below FainaFaina's price and still make a profit on the flanges? (Round the total cost per unit to two decimal places.)\ Begin by determining the formula used to calculate the total cost per unit.\ (\ Total fixed costs\ +\ Total variable costs\ ) -:\ Units produced and sold\ =\ Total cost per unit\ \ Part 3\ The total cost per unit when manufacturing 5,000 flanges is\ \ ; therefore, they\ \ sell below\ Faina's price and still make a profit.
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