Estimate the selling price and profit, Cost Accounting

Assignment Help:

Slash and Burn is a monopolist that can sell its output at these prices and with these total costs:

                   Output             Price        Total Cost

                     4                    $27                 $28

                     5                      26                   34

                     6                      25                   42

                     7                      24                   52

                     8                      23                   64

                     9                      22                   88

                    10                      21                 105

                    11                      20                 125

                    12                      19                 148

                    13                      18                 174

                    14                      17                 204

a)   What level of output will Slash and Burn choose to produce? What will the selling price and profit be?

b)   Suppose that Slash and Burn produced at the level that a perfectly competitive industry would, with marginal cost equal to price. What would be the output, price and profit?


Related Discussions:- Estimate the selling price and profit

Davids net state lottery gains, One month before she died on April 14, 2002...

One month before she died on April 14, 2002, Barbara Gent (Amy's aunt) gave Amy a coin collection. Based on careful records that Barbara kept, the collection had a cost basis of $9

Elements of non - manufacturing costs, Elements of Non - Manufacturing cost...

Elements of Non - Manufacturing costs Non-Manufacturing costs are costs incurred via all activities such support the production of services and goods. They are selling costs

Determine operating cash flow, What are the missing amounts for the below a...

What are the missing amounts for the below amortization table, given the following information? -  A firm borrows $100,000 from a bank. -  The terms of the loan require the f

Example of cash flow statement, 1. Shares were certified at a premium of Rs...

1. Shares were certified at a premium of Rs. 1.50' per share. 2. Throughout the year Taxation liability regarding of 2002 was Rs, 20,000 and paid. 3. Throughout the year, Rs.

Profit and loss statement, If a company trades in a building towards a new ...

If a company trades in a building towards a new building and does not recognize a gain or loss (because of code section 1031), will this transaction affect the cash flows statement

Elements of cost, Elements of Cost Nearly there are three elements of c...

Elements of Cost Nearly there are three elements of cost - labor, material, and expenses. These are additional divided into indirect and direct material, indirect and direct la

What is bad debt expense, What is bad debt expense, using the aging method ...

What is bad debt expense, using the aging method (also called the "percentage of receivables" method), given the following set of facts?   A firm has $80 of gross accounts recei

Marginal and absorption costing, on june 2005 20 units of the product in st...

on june 2005 20 units of the product in stock the following is extracted from the companys books direct material-200 per unit,direct labour 150 per unit, variable production overhe

Determine the absorption rate of overheads, Determine the Absorption Rate o...

Determine the Absorption Rate of Overheads The budgeted production overheads and other budgeted data of compute are given as: Budget Overhead cost for the period = Ks

Wacc under every of the capital structures, Imperial Sandwich Plc is to be ...

Imperial Sandwich Plc is to be established shortly. The founders are considering their options with regard to capital structure. A total of £5 m will be required to establish the b

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