Questions
The Jones Company has the following cost schedule. Fill theblanks in the table to compute...

The Jones Company has the following cost schedule. Fill the blanks in the table to compute (a) average total cost and (b) marginal cost schedules for the firm. (round to the second digit after the decimal)



(a)

(b)



Average


Output

Total Cost

Total Cost

Marginal Cost

  0

$3000

---

---

  50

  3750

     $75.00/unit

     $15.00/unit

100

  4275

42.75

10.50

150

  4675

31.17

  8.00

200

  5000

25.00

  6.50

250

  5300

?

?

300

  5700

?

?

350

  6250

?

?

400

  7050

?

?

450

  8225

?

?

In: Economics

The competitive firm's short-run supply curve is that portion of the Select one: a. marginal cost...

The competitive firm's short-run supply curve is that portion of the

Select one:

a. marginal cost curve that lies above average total cost.

b. average variable cost curve that lies above marginal cost.

c. average total cost curve that lies above marginal cost.

d. marginal cost curve that lies above average variable cost.

In: Economics

Cover-to-Cover Company is a manufacturer of shelving for books. The company has compiled the following cost...

Cover-to-Cover Company is a manufacturer of shelving for books. The company has compiled the following cost data, and wants your help in determining the cost behavior. After reviewing the data, complete requirements (1) and (2) that follow.

Units Total Total Total Machine
Produced Lumber Cost Utilities Cost Depreciation Cost
4,000 shelves $48,000 $5,600 $130,000
8,000 shelves 96,000 10,200 130,000
16,000 shelves 192,000 19,400 130,000
20,000 shelves 240,000 24,000 130,000

1. Determine whether the costs in the table are variable, fixed, mixed, or none of these.

Variable Cost

Fixed Cost

Mixed Cost

None of these

Lumber
Utilities
Depreciation

2. For each cost, determine the fixed portion of the cost, and the per-unit variable cost. If there is no amount or an amount is zero, enter "0". Recall that, for N= Number of Units Produced, Total Costs = (Variable Cost Per Unit x N) + Fixed Cost. Complete the following table with your answers.

Cost Fixed Portion of Cost Variable Portion of Cost (per Unit)
Lumber
Utilities
Depreciation

In: Accounting

Cover-to-Cover Company is a manufacturer of shelving for books. The company has compiled the following cost...

Cover-to-Cover Company is a manufacturer of shelving for books. The company has compiled the following cost data, and wants your help in determining the cost behavior. After reviewing the data, complete requirements (1) and (2) that follow. Units Total Total Total Machine Produced Lumber Cost Utilities Cost Depreciation Cost 12,000 shelves $144,000 $14,800 $125,000 24,000 shelves $288,000 $28,600 $125,000 48,000 shelves $576,000 $56,200 $125,000 60,000 shelves $720,000 $70,000 $125,000 1. Determine whether the costs in the table are variable, fixed, mixed, or none of these. Variable Cost Fixed Cost Mixed Cost None of these Lumber Utilities Depreciation 2. For each cost, determine the fixed portion of the cost, and the per-unit variable cost. If there is no amount or an amount is zero, enter "0". Recall that, for N= Number of Units Produced, Total Costs = (Variable Cost Per Unit x N) + Fixed Cost. Complete the following table with your answers. Cost Fixed Portion of Cost Variable Portion of Cost (per Unit) Lumber $ $ Utilities $ $ Depreciation $ $

In: Accounting

Sobota Corporation has provided the following partial listing of costs incurred during August:   Marketing salaries $...

Sobota Corporation has provided the following partial listing of costs incurred during August:

  Marketing salaries $ 51,900   
  Property taxes, factory $ 10,300   
  Administrative travel $ 105,000   
  Sales commissions $ 52,400   
  Indirect labor $ 44,100   
  Direct materials $ 172,600   
  Advertising $ 144,000   
  Depreciation of production equipment $ 48,300   
  Direct labor $ 94,500   


Required:

a. What is the total amount of product cost listed above?

Total product cost __________

     

b. What is the total amount of period cost listed above?

Total period cost ______________

       

In: Accounting

A company uses the manufacturing cost hierarchy to allocate costs to various activities. During the past...

A company uses the manufacturing cost hierarchy to allocate costs to various activities. During the past year, it has incurred:

Costs Description
725,000 Product Development Costs
475,000 Materials handling costs
1,250,000 Production line labor costs
450,000 Production setup costs
250,000 Power costs (for cooling beer and running equipment)
875,000 Manufacturing facility management costs

A. Using the manufacturing cost hierarchy, what is the total cost that would be classified as unit-level activity costs?

B. Using the manufacturing cost hierarchy, what is the total cost that would be classified as batch-level activity costs?

C. Using the manufacturing cost hierarchy, what is the total cost that would be classified as product-level activity costs?

D. Using the manufacturing cost hierarchy, what is the total cost that would be classified as facility-level activity costs?

In: Accounting

Write a program that asks the user to enter the monthly costs for the following expenses...

Write a program that asks the user to enter the monthly costs for the following expenses incurred from operating his or her automobile: loan payment, insurance, gas, oil, tires, and maintenance. The program should then display the total monthly cost of these expenses, and the total annual cost of these expenses.


Using the following test data:
310.34
104.95
78.34
12.34
8.12
45.00


Your output should look like this:
Enter the monthly loan payment amount:

Enter the monthly cost of insurance:

Enter the monthly cost of gas:

Enter the monthly cost of oil:

Enter the monthly cost of tires:

Enter the monthly cost of maintenance:

The total monthly cost is $559.09.
The total annual cost is $6709.08.

This is C++ and use visual studio 2017 please.

Use blank lines to separate the major parts of your main function. And show your output.

In: Computer Science

A company uses the manufacturing cost hierarchy to allocate costs to various activities. During the past...

A company uses the manufacturing cost hierarchy to allocate costs to various activities. During the past year, it has incurred:

Costs Description
725,000 Product Development Costs
475,000 Materials handling costs
1,250,000 Production line labor costs
450,000 Production setup costs
250,000 Power costs (for cooling beer and running equipment)
875,000 Manufacturing facility management costs

A. Using the manufacturing cost hierarchy, what is the total cost that would be classified as unit-level activity costs?

B. Using the manufacturing cost hierarchy, what is the total cost that would be classified as batch-level activity costs?

C. Using the manufacturing cost hierarchy, what is the total cost that would be classified as product-level activity costs?

D. Using the manufacturing cost hierarchy, what is the total cost that would be classified as facility-level activity costs?

In: Accounting

Create a spreadsheet to calculate your projected total costs, total revenues, and total profits for giving...

Create a spreadsheet to calculate your projected total costs, total revenues, and total profits for giving a seminar on cost estimating. Make the following assumptions:

  • You will charge $995 per person for a two-day class.
  • You estimate that 30 people will attend the class, but you should keep an option to change this input.
  • Your fixed costs include $500 total to rent a room for both days, setup fees of $500 for registration, and $300 for designing a postcard for advertising.
  • You will not include your labor costs for this estimate, but you estimate that you will spend at least 150 hours developing materials, managing the project, and giving the actual class. You would like to know what your time is worth given different scenarios.
  • You will order 5,000 postcards, mail 4,000, and distribute the rest to friends and colleagues.
  • Your variable costs include the following:
    1. $9 per person for registration plus four percent of the class fee per person to handle credit card processing; assume that everyone pays by credit card
    2. $.49 per postcard for printing if you order 5,000 or more
    3. $.25 per postcard for mailing and postage
    4. $25 per person for beverages and lunch
    5. $30 per person for class handouts

Calculate and post your profits based on 30 people. Also, list any assumptions you made. In addition, calculate what your time would be worth per hour based on the number of students. BE SURE TO POST YOU EXCEL FILE.

In: Accounting

What is total surplus? Explain the following statement: net (social) benefits = total surplus – total...

What is total surplus? Explain the following statement: net (social) benefits = total surplus – total costs. Keep in mind that a loss in either consumer or producer surplus is a social welfare loss. Net change in social welfare is measured by changes to CS or PS or both. Total surplus (i.e., net benefits) is maximized at the efficiency point.

In: Economics