Calculate total revenue-marginal revenue-marginal cost, Cost Accounting

Assignment Help:

In the beach city of Santa Barbara, California, there are seven bathing suit stores, each with the same schedule of costs and each facing an identical demand curve. Swim N Style is a typical store:

                                       Suits sold
                                       (per hour)           Price           Total Cost

                                                1                    $68                  $70

                                                2                      66                    80

                                                3                      64                    85

                                                4                      62                    90

                                                5                      60                  100

                                                6                      58                  115

                                                7                      56                  136

                                                8                      54                  164

                                                9                      52                  200

                                              10                      50                  245

a)   Calculate total revenue, marginal revenue, marginal cost and average cost at each level of sales for the store.

b)   If Swim N Style is a profit maximizer, what number of suits will it sell per hour? What will its price and profit be?


Related Discussions:- Calculate total revenue-marginal revenue-marginal cost

Job costing, Job Costing This is a costing method that is applied whe...

Job Costing This is a costing method that is applied when a job or cost unit is relatively of small size, is undertaken to fit the customer's specifications and is of compara

Compute the annual depreciation charges, On January 1, 2012, a machine was ...

On January 1, 2012, a machine was purchased for $197,100. The machine has an estimated salvage value of $13,140 and an estimated useful life of 5 years. The machine can operate for

Calculate contribution to sales ratio, Q. Calculate contribution to sales r...

Q. Calculate contribution to sales ratio? Contribution per unit= sales price per unit less variable cost per unit Break-even volume = Fixed overhead/Contribution per uni

Calculate the breakeven fee income, A company provides several different se...

A company provides several different services to its customers from a single office. Fixed costs of the office, including staff costs, are absorbed into the company's service costs

Determine the price of the bond , Andrew Industries is contemplating issuin...

Andrew Industries is contemplating issuing a 30-year bond with a coupon rate of 7% (annual coupon payments) and a face value of $1000. Andrew believes it can get a rating of A from

Cost of labor, The number of workdays varies from month to month due to the...

The number of workdays varies from month to month due to the number of weekdays, holidays, days of vacation, and sick leave taken in the month. The number of units produced in a mo

Presentation & Essay, Why are the main contribution teams can make to an or...

Why are the main contribution teams can make to an organisation? What are the conditions necessary in organisations if people are to work effectively in teams? * Describe what tea

Budgets, how can a poorly controlled budget cause problesm for a business?

how can a poorly controlled budget cause problesm for a business?

Business process re-engineering help to improve the profits, MLC, which was...

MLC, which was established in year 1998, manufactures a range of garden sheds and summerhouses using timber purchased from a various suppliers.The recently appointed managing direc

Write Your Message!

Captcha
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