Determine the cost function for manchester

Assignment Help Accounting Basics

Reference no: EM13155071

Manchester Foundry produced 45,000 tons of steel in March at a cost of £1,150,000. In April, the foundry produced 35,000 tons at a cost of £950,000. Using only these two data points, determine the cost function for Manchester.

Reference no: EM13155071

Questions Cloud

Difference between exchange and nonexchange transactions : Describe the difference between exchange and nonexchange transactions and discuss the rules for recognition of revenues and expenses/expenditures for each type of transaction.

Can dependency exemption be applied in ashley situation : Can a dependency exemption be applied in Ashley's situation? Why? What are the consequences of her alternatives relative to her filing status and support consideration?

Mole fraction and percentage of sulfuric acid by mass : The sulfuric acid in a car battery has a density of 1.225 g/cm3 and is 3.75 M. What is the molality, mole fraction, and percentage of sulfuric acid by mass in this solution?

Explain why the total profit is still likely to lower : Explain why the total profit (from all sales) is still likely to lower with this pricing scheme than with perfect price descrimination despite fixed fee equal to the entire consumer surplus of a typical customer.

Determine the cost function for manchester : Manchester Foundry produced 45,000 tons of steel in March at a cost of £1,150,000. In April, the foundry produced 35,000 tons at a cost of £950,000. Using only these two data points, determine the cost function for Manchester.

Stockholders equity accounts problem : However, a building (with a nine year remaining life) in Brey's accounting records was undervalued by 18,000. Pitino assigned the rest of the excess fair value over book value to Brey's patended technology (Six year remaining life).

Explain how this outcome can be improved : Find the Nash Equilibrium of the game and explain why your result is the equilibrium. If the Nash Equilibrium the best outcome for the game? If not, explain how this outcome can be improved.

Calculate the solubility in m units of ammonia gas in water : Calculate the solubility (in M units) of ammonia gas in water at 298K and a partial pressure of 6.50bar . The Henry's law constant for ammonia gas at 298K is 58.0 M/atm

Amounts payable on class of stock : At December 31, 2007 and 2008, Sloan Corp. had outstanding 2,000 shares of $100 par value 8% cumulative preferred stock and 10,000 shares of $10 par value common stock. At December 31, 2007, dividends in arrears on the preferred stock were $8,000...

User Account

All Pages