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Geoffrey's Glassworks makes glass flanges for scientific use. Materials cost $1 per flange, and the glass blowers are paid a wage rate of $28 per
Geoffrey's Glassworks makes glass flanges for scientific use. Materials cost $1 per flange, and the glass blowers are paid a wage rate of $28 per hour. A glass blower blows 10 es per hour. Fixed manufacturing costs for flanges are $28,000 per period. Period (nonmanufacturing) costs associated with flanges are $18,000 per period and are fixed. Requirements 1. Select the graph that shows fixed, variable, and total manufacturing cost for flanges, using units (number of flanges) on the x-axis. 2. Assume Geoffrey's Glassworks manufactures and sells 4,000 flanges this period. Their competitor, Fadi's Flasks, sells flanges for $10.00 each. Can Geoffrey sell below Flora's price and still make a profit on the flanges? 3. How would your answer to requirement 2 differ if Geoffrey's Glassworks made and sold 10,000 flanges this period? Why? What does this indicate about the use of unit cost in decision making
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