Profits are maximized where

Martinez company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average cost per unit are as follows

direct materials $6.40
direct labor $3.90
variable manufacturing overhead $1.40
fixed manufacturing overhead $4.00
fixed selling expense $3.40
fixed administrative expense $2.10
sales commission $1.10
variable administrative expenses $0.55

11) if 8,000 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production?

total manufacturing over head cost-
manufacturing overhead per unit-

12) If 12,500 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production? what is this total amount expressed on a per unit basis?

total manufacturing overhead cost-
manufacturing overhead unit-

13) if selling price is $22.40 per unit, what is the contribution margin per unit?

contribution margin per unit-

14) if 12,000 units are produced, what are the total amounts of direct and indirect manufacturing costs incurred to support this level of production?

total direct manufacturing cost-
total indirect manufacturing cost-

/* What's wrong with this code?
(nothing actually - but let's fix it to use a repetition structure)
Copy and paste this .txt file into jGrasp, 
then save it, compile it, run it.

Modify it!

Bring your code to class at the start of Week 8, with at least 2 output runs with different data.

What the program should do is take orders(input) for three (3) octoberfest guests, using a "for" loop. (+1 pt.)
Each guest will choose 1 or 2 items (take in as strings) from the menu.
Print (output) an itemized receipt as items are ordered, then a total bill and a "split the bill 3 ways" total.

Bonus(+1 pt.) Modify the "take order part" - so a guest can order as many items as they choose, using a "while" loop.

Bonus(+1 pt.) Use decimal formatter object to display output correctly as dollars and cents, i.e. $3.10 not $3.1 )
*/

//import API's needed here:
import java.util.Scanner;
public class COdetoberFest01 
{  

        public static void main(String args[ ]) 
        {
           Scanner kbd = new Scanner(System.in);
           float total =0; //total bill
           float splitTotal; //for 3 way split of bill
           float cost; //item cost
           int guest =0; //count off guests 
           String item;
           int qty; //number of items a guest will order
           
           System.out.println("Will you be ordering 1 or 2 items?" );
           qty =kbd.nextInt();
           kbd.nextLine();
           guest++;
           if(qty ==2)
           {
           System.out.println("CODETOBER FEST MENU:\n $1.50: jGrasp Pretzel,\n $2.75 sub-routine Saurkraut,\n $3.90 boolean Bier,\n $5.35 double schnitzel ");
           System.out.print("Place your order: ");
           item=kbd.nextLine();
           if(item.charAt(0) == 'j')//jGrasp Pretzel
            cost = 1.50f;
           else if(item.charAt(0) == 's')//sub-routine Saurkraut
            cost = 2.75f;
           else if(item.charAt(0) == 'b')//boolean Bier
            cost = 3.90f;
           else 
            cost =5.35f; // must be double schnitzel
            System.out.println(cost);
            total = total +cost;
        
           }
           System.out.println("CODETOBER FEST MENU:\n $1.50: jGrasp Pretzel,\n $2.75 sub-routine Saurkraut,\n $3.90 boolean Bier,\n $5.35 double schnitzel ");
           System.out.print("Place your order: ");
           item=kbd.nextLine();
           if(item.charAt(0) == 'j')//jGrasp Pretzel
            cost = 1.50f;
           else if(item.charAt(0) == 's')//sub-routine Saurkraut
            cost = 2.75f;
           else if(item.charAt(0) == 'b')//boolean Bier
            cost = 3.90f;
           else 
            cost =5.35f; // must be double schnitzel
            System.out.println(cost);
            total = total + cost;

           System.out.println("Will you be ordering 1 or 2 items?" );
           qty =kbd.nextInt();
           kbd.nextLine();
           guest++;
           if(qty ==2)
           {
           System.out.println("CODETOBER FEST MENU:\n $1.50: jGrasp Pretzel,\n $2.75 sub-routine Saurkraut,\n $3.90 boolean Bier,\n $5.35 double schnitzel ");
           System.out.print("Place your order: ");
           item=kbd.nextLine();
           if(item.charAt(0) == 'j')//jGrasp Pretzel
            cost = 1.50f;
           else if(item.charAt(0) == 's')//sub-routine Saurkraut
            cost = 2.75f;
           else if(item.charAt(0) == 'b')//boolean Bier
            cost = 3.90f;
           else 
            cost =5.35f; // must be double schnitzel  
            System.out.println(cost);
            total = total +cost;
        
           }
           System.out.println("CODETOBER FEST MENU:\n $1.50: jGrasp Pretzel,\n $2.75 sub-routine Saurkraut,\n $3.90 boolean Bier,\n $5.35 double schnitzel ");
           System.out.print("Place your order: ");
           item=kbd.nextLine();
           if(item.charAt(0) == 'j')//jGrasp Pretzel
            cost = 1.50f;
           else if(item.charAt(0) == 's')//sub-routine Saurkraut
            cost = 2.75f;
           else if(item.charAt(0) == 'b')//boolean Bier
            cost = 3.90f;
           else 
            cost =5.35f; // must be double schnitzel
            System.out.println(cost);
            total = total +cost;

           System.out.println("Will you be ordering 1 or 2 items?" );
           qty =kbd.nextInt();
           kbd.nextLine();
           guest++;
           if(qty ==2)
           {
           System.out.println("CODETOBER FEST MENU:\n $1.50: jGrasp Pretzel,\n $2.75 sub-routine Saurkraut,\n $3.90 boolean Bier,\n $5.35 double schnitzel ");
           System.out.print("Place your order: ");
           item=kbd.nextLine();
           if(item.charAt(0) == 'j')//jGrasp Pretzel
            cost = 1.50f;
           else if(item.charAt(0) == 's')//sub-routine Saurkraut
            cost = 2.75f;
           else if(item.charAt(0) == 'b')//boolean Bier
            cost = 3.90f;
           else 
            cost =5.35f; // must be double schnitzel
             System.out.println(cost);
             total = total +cost;
        
           }
           System.out.println("CODETOBER FEST MENU:\n $1.50: jGrasp Pretzel,\n $2.75 sub-routine Saurkraut,\n $3.90 boolean Bier,\n $5.35 double schnitzel ");
           System.out.print("Place your order: ");
           item=kbd.nextLine();
           if(item.charAt(0) == 'j')//jGrasp Pretzel
            cost = 1.50f;
           else if(item.charAt(0) == 's')//sub-routine Saurkraut
            cost = 2.75f;
           else if(item.charAt(0) == 'b')//boolean Bier
            cost = 3.90f;
           else 
            cost =5.35f; // must be double schnitzel
            System.out.println(cost);
            total = total +cost;

           System.out.println("For " + guest + ", The total is: $" + total);
           System.out.println("If you split the bill " + guest + " ways, each guest must pay: $" + (total/guest));
                
                                  
                                  
         } //closing main method
} //closing class header

​​The Credit River has two polluting firms on its banks. Plants A and B each dump 100 tonnes of effluent into the river each year. The cost per tonne of reducing emissions is $20 for plant A and $100 for Plant B. The government wants to reduce overall pollution from 200 tonnes to 50 tonnes.
a. If the government knew the cost of reduction for each firm, what reductions would it impose in order to achieve its overall goal at the least possible total cost? What would be the cost to each firm, and the total cost?
b. If, in the absence of information about each firm’s costs, the government decided to reach its overall goal by imposing uniform reductions on the firms, what would be the cost to each firm, and the total cost?
c. Compare the total costs in parts a and b. If the government does not know the cost of pollution reduction for each firm, is there still some way to reduce pollution to 50 tonnes at the total cost calculated in part a?

how is (was) productivity measured in your organization.  Discuss the concepts of total production, average production and marginal production.  Relate production to cost and discuss how the ideas of total cost, average cost and marginal cost are used in decision making.

how is (was) productivity measured in your organization? Discuss the concepts of total production, average production, and marginal production. Relate production to cost and discuss how the ideas of total cost, average cost, and marginal cost are used in decision making.

Think of a business with which you are somewhat familiar. For that business:

A. What are the fixed costs?

B. What are the variable costs?

C. What are the explicit costs?

D. What are the implicit costs?

The following numbers will be estimates (I'm not asking you to do any research; Begin by entering possible numbers for the fixed costs and variable costs for each level of output. Then calculate total cost, marginal cost and average cost. I just want you to have practice calculating the various costs.)

Complete this table

E. Do your average total costs show economies of scale or diseconomies scale? Why?

COST & PRODUCTION FUNCTIONS

In order to reduce unit cost, the CEO of ABC Corporation has to decide whether to increase or decrease total production. A marketing analyst has reported the following information about ABC Corporation’s cost and production structure:

1.Use Ordinary Least Squares Method (OLS) to estimate the ABC Corporation’s total cost function; that is, TC =β +βQ;

2. What is ABC Co’s marginal cost?

3. What is ABC Co’s fixed cost?

4. Calculate the scale elasticity at the mean of the data

5. In order to reduce the unit cost would you recommend an increase or a decrease in total production? Why?

2. Think of a business with which you are somewhat familiar. For that business:

A. What are the fixed costs?

B. What are the variable costs?

C. What are the explicit costs?

D. What are the implicit costs?

The following numbers will be estimates (I'm not asking you to do any research; Begin by entering possible numbers for the fixed costs and variable costs for each level of output. Then calculate total cost, marginal cost and average cost. I just want you to have practice calculating the various costs.)

Complete this table

E. Do your average total costs show economies of scale or diseconomies scale? Why?

Will Jones, LLP is a small CPA firm that focuses primarily on preparing tax returns for small businesses. The company pays a $500 annual fee plus $10 per tax return for a license to use Mega Tax software.

(a) What is the company’s total annual cost for the Mega Tax software if 300 returns are filed? If 400 returns are filed? If 500 returns are filed?

Total cost for 300 returns:

Total cost for 400 returns:

Total cost for 500 returns:

(b) What is the company’s cost per return for the Mega Tax software if 300 returns are filed? If 400 returns are filed? If 500 returns are filed? (Round answers to 2 decimal places, e.g. 52.75.)

Cost per unit (300):

Cost per unit (400):

Cost per unit (500):