Answered step by step
Verified Expert Solution
Question
1 Approved Answer
How to solve these? Question Answer saved You sell 2 products. Product one has sales of $50,000 on volume of 1,000. Each unit needs 9
How to solve these?
Question Answer saved You sell 2 products. Product one has sales of $50,000 on volume of 1,000. Each unit needs 9 minutes to inspect. Costs are $23375 variable and $10258 fixed. Points out of 2.00 Product 2 has sales of $150,000 on volume of 2,000. Each unit needs 13.7 minutes to inspect. Costs Flag are $58152 variable and $41175 fixed. question Assume that inspection time is scarce. Calculate the total shadow cost of inspection time in $ / hour 13 (round to the dollar). Fin Answer: 283 Question 4 Notwithstanding your answer to the last question, assume the shadow cost is $150/hour. You are Answer saved considering adding a third product. The third product would sell for $79 per unit. Variable cost to Points out of produce it would be $23 per unit and fixed costs would be $19641. Inspection time for the product 2.00 would be 14.8 minutes per unit. Calculate the breakeven volume for this new product, taking Flag opportunity cost into account. question
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