Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mountain Goat Inc. produces mountain climbing gear. The company can manufacture mountain climbing shoes for $11.7 per pair in raw material costs and $17.21 per

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Mountain Goat Inc. produces mountain climbing gear. The company can manufacture mountain climbing shoes for $11.7 per pair in raw material costs and $17.21 per pair in labor expense. The shoes sell for $120 per pair. Last year, production was 170,000 pairs, and the fixed costs of producing the shoes were $830,000. Required: (a)What were total production costs? (Do not round your intermediate calculations.) 5,744,700 V (b)What is the marginal cost per pair? (Do not round your intermediate calculations.) 28.91 (c) What is the average cost per pair? (Do not round your intermediate calculations.) (Click to select) (d)The company is considering a one-time order for an extra 13,000 pairs. What is the minimum total revenue the firm should accept for producing these extra shoes? (Do not round your intermediate calculations.) (Click to select) m a Mountain Goat Inc. produces mountain climbing gear. The company can manufacture oes for $11.7 per pair in raw material costs and $17.21 per pair in IC (Click to select) ioes sell for $120 per pair. Last year, production was 170,000 pairs, 5,014,700 producing the shoes were $830,000. 5,544,700 5,944,700 duction costs? (Do not round your intermediate calculations.) 4,914,700 5,744,700 R (! il cost per pair? (Do not round your intermediate calculations.) (Click to select) 29.01 28.91 33.79 33.89 cost per pair? (Do not round your intermediate calculations.) 28.81 (c) What is the average cost per pair? (Do not round your intermediate calculations.) Click to select 33.69 33.79 ( Insidering a one-time order for an extra 13,000 pairs. What is the nue the firm should accept for producing these extra shoes? (DO frmediate calculations.) 28.91 33.89 33.59 (d)The company is considering a one-time order for an extra 13,000 pairs. What is the minimum total revenue the firm should accept for producing these extra shoes? (Do not round your intermediate calculations.) Click to select 6,184,001 5,744,700 365,830 385,830 375,830

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

Accounting

Authors: John Hoggett, John Medlin, Lew Edwards, Matthew Tilling, Evelyn Hoggett Hogg

6th Edition

1742466354, 978-1742466354

More Books

Students also viewed these Accounting questions

Question

98. For a compound random variable S = N i=1 Xi , find Cov(N, S).

Answered: 1 week ago