How much are your fixed costs, Cost Accounting

Assignment Help:

1.    The following table summarizes the short-run production function for your firm. Your product sells for $5 per unit, labor costs $5 per unit, and the rental price of capital is $20 per unit. Complete the following table, and then answer the accompanying questions.

542_6ii.png

 

a. Which inputs are fixed inputs? Which are the variable inputs?
b. How much are your fixed costs?
c. What is the variable cost of producing 20 units of output?
d. How many units of the variable input should be used to maximize profits?
e. What are your maximum profits?
f. Over what range of variable input usage do increasing marginal returns exist?
g. Over what range of variable input usage do decreasing marginal returns exist?
h. Over what range of variable input usage do negative marginal returns exist?

 


Related Discussions:- How much are your fixed costs

Definitions of manufacturing concepts, Interstate Manufacturing produces br...

Interstate Manufacturing produces brass fasteners and incurred the following costs for the year just ended: Materials and supplies used Brass $75,000 Repair parts 16,000

Prepare the franking account, XYZ Pvt Ltd is a private company incorporated...

XYZ Pvt Ltd is a private company incorporated in Australia, and manufactures handbags. The opening balance of XYZ Pvt Ltd's franking account on 1 July 2010 was $nil. During the 201

Case study, Managerial ACCT 2 Ulrich Framing is well known for the quality ...

Managerial ACCT 2 Ulrich Framing is well known for the quality of its picture framing. Lucinda Ulrich, CEO, believes that the number of linear feet or framing used is the best is t

Compute the equivalent units of production for materials, Clopack Company m...

Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials are introduced at the start of work in the Mixing Department.

Overheads, How does functional classification of overheads like Manufacturi...

How does functional classification of overheads like Manufacturing overhead,Administrative overhead affect product cost or profit?

.., process costing new practices

process costing new practices

Equity or debt securities investments, a.         What are the major equity...

a.         What are the major equity and/or debt securities investments? What amounts are reported in the balance sheet? How significant are those amounts to the company's overall

Methods required to allocate joint costs, Methods Required To Allocate Join...

Methods Required To Allocate Joint Costs 1) Physical/Unit Measure 2) Constant gross margin rate 3) Net realizable value.

Determine the acquisition cost, Waterloo Machining, Inc. paid $1,800,000 fo...

Waterloo Machining, Inc. paid $1,800,000 for factory equipment on January 1, 2012. It paid $100,000 for delivery and $220,000 for installation and modifications.  Waterloo received

Stages of implementation of zero based budgeting, Stages of Implementation ...

Stages of Implementation of Zero Based Budgeting 1. Definition of decision package. It is the comprehensive description of the organizations activities or functions.

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