As the Corner Coffee Shop becomes more popular and sells more coffee, which of the following is more likely to increase?

Group of answer choices

fixed cost

average fixed cost

Internet subscription

variable cost

Consider ADs and More, an advertising agency. Which of the following would be more likely to be a fixed cost?

Group of answer choices

hourly workers.

office rent

video producing expenses.

Actors

Suppose that a firm produces 10 units of output. Its average variable cost (AVC) = $25, average fixed cost (AFC) = $5, and marginal cost (MC) = $30. The firm's total cost is ________.

Group of answer choices

$330

$300

$30

$250

In the long run as the addition of technology becomes possible, firms can

Group of answer choices

reduce labor

decrease their debt.

increase productivity.

reduce total cost.

Fleurant, Inc., manufactures and sells two products: Product W2 and Product P8. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below:

The direct labor rate is $35.10 per DLH. The direct materials cost per unit is $201.60 for Product W2 and $138.30 for Product P8.

The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity:

Which of the following statements concerning the unit product cost of Product W2 is true?

Multiple Choice

A) The unit product cost of Product W2 under traditional costing is greater than its unit product cost under activity-based costing by $7.61.

B) The unit product cost of Product W2 under traditional costing is greater than its unit product cost under activity-based costing by $260.00.

C.) The unit product cost of Product W2 under traditional costing is less than its unit product cost under activity-based costing by $260.00.

D.) The unit product cost of Product W2 under traditional costing is less than its unit product cost under activity-based costing by $7.61.

manufactures and sells two products: Product X0 and Product W7. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below:

The direct labor rate is $20.60 per DLH. The direct materials cost per unit is $145.50 for Product X0 and $127 for Product W7.

The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity:

Which of the following statements concerning the unit product cost of Product W7 is true? (Round your intermediate calculations to 2 decimal places.)

Multiple Choice

The unit product cost of Product W7 under traditional costing is greater than its unit product cost under activity-based costing by $199.81.

The unit product cost of Product W7 under traditional costing is less than its unit product cost under activity-based costing by $37.72.

The unit product cost of Product W7 under traditional costing is greater than its unit product cost under activity-based costing by $37.72.

The unit product cost of Product W7 under traditional costing is less than its unit product cost under activity-based costing by $199.81.

10. Three Bears Manufacturing produces an auto-quartz watch movement called OM362. Three Bears expects to sell 20,000 units of OM362 and to have an ending finished inventory of 5,000 units. Currently, it has a beginning finished inventory of 1,100 units. Each unit of OM362 requires two labor operations, two labor hours of assembling and three labor hours of polishing. The direct labor rate for assembling is $11 per assembling hour and the direct labor rate for polishing is $14.50 per polishing hour.

Calculate the below.

Total units to produce

Total hours of assembly labor

Total cost of assembly labor

Total hours of polishing labor

Total cost of polishing labor

Cost Information and FIFO

Gunnison Company had the following equivalent units schedule and cost information for its Sewing Department for the month of December:

Required:

1. Calculate the unit cost for December, using the FIFO method.
$  per equivalent unit

2. Calculate the cost of goods transferred out, calculate the cost of EWIP, and reconcile the costs assigned with the costs to account for.

3. What if you were asked for the unit cost from the month of November?

Calculate November's unit cost.
$  per equivalent unit

Cornerstone Exercise 6.8 (Algorithmic) Cost Information and FIFO Gunnison Company had the following equivalent units schedule and cost information for its Sewing Department for the month of December: Direct Materials Conversion Costs Units started and completed 40,000 40,000 Add: Units in beginning work in process × Percentage complete: 6,000 × 0% direct materials — 6,000 × 50% conversion Costs 3,000 Add: Units in ending work in process × Percentage complete: 11,000 × 100% direct materials 11,000 — 11,000 × 35% conversion Costs — 3,850 Equivalent units of output 51,000 46,850 Costs: Work in process, December 1: Direct Material $66,000 Conversion Costs 6,000 Total Work in process $72,000 Current costs: Direct Material $612,000 Conversion Costs 93,700 Total current costs $705,700 Required: 1. Calculate the unit cost for December, using the FIFO method. $ per equivalent unit 2. Calculate the cost of goods transferred out, calculate the cost of EWIP, and reconcile the costs assigned with the costs to account for. Cost of goods transferred out $ Cost of EWIP $ Cost to account for: BWIP $ Current (December) Total $ 3. What if you were asked for the unit cost from the month of November? Calculate November's unit cost. $ per equivalent unit

An aircraft repair service reimburses its customers for the time that an aircraft spends at their facility. Total costs are the sum of these reimbursements (waiting costs) and the salaries of their technicians. A customer is reimbursed $203 per hour for the time that the aircraft is out of service, and the cost of a service technician (including equipment and materials) is $1,196 per hour. Use Table 1 and Table 2. a. How many service technicians should be on call, if there are (on average) 4 aircraft arriving per hour, and each technician can complete 5 services per hour (Poisson distributions)? HINT: Calculate the total cost, which is the sum of waiting cost and service cost. Number of technician(s) b. The service rate could be made faster ( (5.71 repairs per hour) if the company invests in new software, which would cost $100 per service technician. Is it cost-effective for the company to invest in this software? HINT: the service cost is higher, but the time that it takes to get through the system, hence the waiting cost, is lower. (Round your cost amount to 2 decimal places and all other calculations to 3 decimal places. Omit the "$" sign in your response.) , because the daily total cost with the new software is $ which is lower than without the new software.

1. Cost Information and FIFO

   Gunnison Company had the following equivalent units schedule and cost information for its Sewing Department for the month of December:

   	Direct Materials		Conversion Costs
   Units started and completed	45,000		45,000
   Add: Units in beginning work in process ×
   Percentage complete:
   7,000 × 0% direct materials	—
   7,000 × 50% conversion Costs			3,500
   Add: Units in ending work in process ×
   Percentage complete:
   12,000 × 100% direct materials	12,000		—
   12,000 × 35% conversion Costs	—		4,200
   Equivalent units of output	57,000		52,700
   Costs:
   Work in process, December 1:
   Direct Material			$91,000
   Conversion Costs			21,000
   Total work in process			$112,000
   Current costs:
   Direct Material			$798,000
   Conversion Costs			263,500
   Total current costs			$1,061,500

   Required:

   1. Calculate the unit cost for December, using the FIFO method.
   $ per equivalent unit

   2. Calculate the cost of goods transferred out, calculate the cost of EWIP, and reconcile the costs assigned with the costs to account for.

   Cost of goods transferred out	$
   Cost of EWIP	$

   Cost to account for:
   BWIP	$
   Current (December)
   Total	$

   3. What if you were asked for the unit cost from the month of November? Calculate November's unit cost.
   $ per equivalent unit

Monopoly:

TC = 10,000 + 100Q + 0. 20Q^2

QD = 20,000 − 10P

Find Total Revenue, Total Cost, Price, Quantity, Profit and Elasticity

Please show excel farmulas