When calculating projected increases round to two

Assignment Help Managerial Economics
Reference no: EM13987223

The projected cost of a lamp is calculated based upon the projected increases or decreases to current costs. The present costs to manufacture one lamp are:
Lamp Kit: $16.0000000 per lamp
Direct Labor: 2.0000000 per lamp (4 lamps/hr.)
Variable Overhead: 2.0000000 per lamp
Fixed Overhead: 10.0000000 per lamp (based on normal capacity of 25,000 lamps)
Cost per lamp: $30.0000000 per lamp
Expected increases for 20x2

When calculating projected increases round to TWO ($0.00) decimal places.

1. Material Costs are expected to increase by 5.50%.
2. Labor Costs are expected to increase by 2.50%.
3. Variable Overhead is expected to increase by 6.50%.
4. Fixed Overhead is expected to increase to $290,000.
5. Fixed Administrative expenses are expected to increase to $56,000.
6. Variable selling expenses (measured on a per lamp basis) are expected to increase by 4.50%.
7. Fixed selling expenses are expected to be $37,000 in 20x2.
8. Variable administrative expenses (measured a per lamp basis) are expected to increase by 5.00%.

On the following schedule develop the following figures:

a- 20x2 Projected Variable Manufacturing Unit Cost of a lamp.
b- 20x2 Projected Variable Unit Cost per lamp.
c- 20x2 Projected Fixed Costs.

Reference no: EM13987223

Questions Cloud

Please provide directions for each example : Provide two examples for the class to solve. One of a rational function and one of a polynomial function. Please provide directions for each example.
Who are the members of the executive committee or team : Who are the members of the executive committee or team, specifically the President, CEO, and CFO and what are their responsibilities? What makes them qualified for their positions
Explain the ethical and legal implications : Explain the ethical and legal (if any) implications if statements such as the one you chose would continue. What might be lost in your workplace if the statements are allowed
Positively-sloped part of long-run average total cost curve : The positively-sloped part of the long-run average total cost curve is due to which of the following?
When calculating projected increases round to two : Variable administrative expenses (measured a per lamp basis) are expected to increase by 5.00%. Fixed selling expenses are expected to be $37,000 in 20x2.
What is the main focus of the mission statement : Which of the three mission statements most closely represents the actions of the corporations you have researched? Support your response with additional researched information.
List of credit cardholders by selecting : A departmental store that wishes to examine whether it is losing or gaining customers draws a sample from its list of credit cardholders by selecting every tenth name.
Suppose that market demand for golf balls is described : Suppose that Market demand for golf balls is described by Q= 90-3p, Where Q is measured in kilos of balls. There are two firms that supply the market. Firm 1 can produce a kilo of balls at a constant unit cost of $15 whereas firm 2 have a constant un..
Problem regarding the thickness of photoresist : The thickness of photoresist applied to wafers in semiconductor manufacturing at a particular location on the wafer is uniformly distributed between 0.2050 and 0.2150 micrometers.

Reviews

Write a Review

Managerial Economics Questions & Answers

  Linear programming problem

Linear programming is a mathematical technique used to determine the optimal solutions to certain specific problems.

  Demand, supply and the market equilibrium

The article study for the demand, supply and the market equilibrium has been discussed. The article that has been review was published on August 2012.

  Supply and demand in professional sports

Draw the individual cost curves on one graph: marginal cost, average total cost, average ?xed cost, and average variable cost. Place costs ($) on the y-axis and quantity (Q) on the x-axis.

  Explain whether the firm will make economic profit

Explain whether the firm will make economic profit, In the short run and In the long run.

  Determine the official measure of the deficit

Determine the official measure of the deficit

  Coordination of the activities of a business

The organization and coordination of the activities of a business in order to achieve defined objectives.

  What is the profit maximizing number of gizmo widgets

What is the profit maximizing number of Gizmo Widgets that should be introduced? Be sure to account for the fact that Gizmo Widgets displace other kinds of widgets. Again, be sure you provide a brief explanation of your approach/reasoning.

  Determine autocorrelation function of a rectangular pulse

Prepare the sketch the Fourier transform of a rectangular pulse of amplitude 10 V and width 0.1 second that is centered on the zero time axis. Determine the autocorrelation function of a rectangular pulse.

  Managerial economics assignment

Carry out an analysis from the standpoint of both EMV and expected utility to establish Jeremiah’s best course of action, including a consideration of his bidding strategy with regard to the auction.

  Prepare a marginal cost analysed income statement for 2014

Prepare a Marginal Cost Analysed Income Statement for 2014 from the above data to identify total and individual medical procedure contributions and profits.

  Prepare a marginal cost analysed income statement for 2014

Prepare a Marginal Cost Analysed Income Statement for 2014 from the above data to identify total and individual medical procedure contributions and profits.

  Solve managerial economics questions

MGMT 3306: Solve the assignment problems, 1. Please answer the assignment questions in this docx file and save once you’re satisfied. Assignment 3covers the lectures slides for Week 6.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd