cost/managerial

11,316 results

Managerial Economics

Compute the economic profit of the firm if Sales-10000,material cost-3000,labour cost-2000,Administration cost-1000,own capital invested is 20000 and opportunity cost of capital 10%.

Managerial Economics

Economists consider which of the following costs to be irrelevant to a short run business decision? A)out of pocket B)historical cost C)opportunity cost D)replacement cost

Managerial Economics

Can someone explain what is a cubic cost function? I'm taking a managerial economics course, but I've never taken any algebra or calculus; so I'm struggling. I'd like to grasp the purpose of what it is and then try to figure out how to do it. thanks!

Managerial Accounting

A food division reported cost of sales-food of $198,680. Employees' meals cost $1,225, complimentary meals $142 and transfers in were received from the bar operaton with a cost of &82. Determine the net cost of sales.

Accounting

What types of cost information are reported to support managerial purposes and decisions? Describe 2 major categories of purposes that are supported by cost information. Describe how cost information supports both of these categories. What is a cost object and how is it used ...

Accounting 1

Match each of the following characteristics that describe financial accounting, managerial accounting, both financial and managerial accounting, or neither financial nor managerial accounting. A. Financial accounting B. Managerial accounting C. Both financial and managerial ...

Accounting 1

Match each of the following characteristics that describe financial accounting, managerial accounting, both financial and managerial accounting, or neither financial nor managerial accounting. A. Financial accounting B. Managerial accounting C. Both financial and managerial ...

Managerial Economics

For a cost function C = 100 + 10Q + Q2, the average variable cost of producing 20 units of output is A. 10 B. 20 C. 30 D. None of the statements associated with this question are correct

Managerial Economics

When a firm increased its output by one unit, its Average Cost rose from $45 to 50. This implies that its Marginal cost is A)greater than $50 B)between $45 and $50 C)$5 D)cannot be determined from the above information

managerial maths

A company is selling product x, which has demand fucntion of p=52-2x and the total cost function of TC=3x^2+2x+10. the marginal revenue and marginal cost functions are; a) MR=52-2X and MC=6x+2 b) MR=52-4x and MC=6x+2 c) MR=52-2X and MC=6x d) MR=52-4x and MC=6x+2

Managerial Economics

Suppose that a firm is currently employing 10 workers, the only variable input, at a wage rate of $100. The average physical product of labor is 25, the last worker added 10 units to total output, and total fixed cost is $5,000. a. What is marginal cost? b. What is average ...

Managerial ECON

Suppose that a firm is currently employing 10 workers, the only variable input, at a wage rate of $100. The average physical product of labor is 25, the last worker added 10 units to total output, and total fixed cost is $5,000 a. What is marginal cost? b. What is average ...

Managerial Accounting

Which of the following is not a benefit of implementing ABC:? 1. more accurate cost assignments 2. better cost control 3. cheaper to implement 4. more efficient operations 5. all of the above

Managerial Economics

Which of the following cost functions exhibits cost complementarity? A. -4Q1Q2 + 8Q1 B. -4Q2 + 8Q1 C. 6Q1Q2 - Q1 D. 4Q2Q1 + 8Q1

Managerial Accounting

Inmelt Corp charges price of $6.50. Total Fixed Cost is 314,400. per year, break-even point is 131,000 units. What is the variable cost per unit.

Managerial Finance

The cost of capital for Goff Computers,Inc

managerial economics

Andrew construction borrows the entire cost of a new dump truck. The loan has an annual interest rate of 12 percent and calls for monthly payments of $1,000 over a five-year period. What is the cost of the truck?

mangerial economics

suppose it cost $1000 to prepare a factory to produce a certain item,after the preparation is complete, it cost $40 to produce each item. After the items are produced, it cost an average of $10 per year for each item held in inventory. if the company needs 5000 units per year...

cost/managerial

andromeda company's break even point is 2,400 units. variable cost per unit is $42; total fixed costs are 67,200 per year. what price does andromeda charge?

managerial eccon

Suppose that a firm is currently employing 30 workers, the only variable input, at a wage rate of $60. The average product of labor is 30, the last worker added 12 units to total output, and total fixed cost is: $3,600. what is the averge variable cost?

Managerial Econ

The following schedule shows demand and total cost. Price Quanity Total cost $30 10 $200 29 11 208 28 12 217 27 13 227 26 14 238 25 15 250 24 16 263 To maximize profit firm should produce _____units of output and charge a price of $______

Managerial Accounting 2025

The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $10 per machine-hour. Compute the unit product cost that would appear on the job cost sheet for this job.

Managerial Economics

4. Explain how each of the following events will affect the average and marginal cost curves of a firm : a) a decrease in labour rate; b) an increase in rent for a facility; c) stricter environmental regulation requiring installation of scrubbers on smokestacks; d) a decrease ...

Managerial Accounting

a ski company plan to add five new chai500 a day for the lift. the lifts cost 2 million and to install the lift cost another 1.3 mil.The lift will allow 300 additional skiers on the slopes but only 40 days a year will be needed. The company will sell 300 lift tickets on those ...

Managerial financial accounting

what effect would the reclassification of salary and the office rent have on the company's product cost

managerial accounting

Which of the following costs is an example of a cost that remains the same in total as the number of units produced changes?

Managerial Economics

When developing short-run cost curves, it is assumed that all firms in perfect competition have the same cost curves and they all make identical short-run profits or losses. Contrast this to the real world and why individual firms might experience different cost curves and ...

Managerial Economics

I have an exam in two days. I need an explanation to this question please. MC = 10+5Q derive an equation for total cost

Managerial Economics

(Long-Run Average Cost Curve) Explain the shape of the long-run average cost curve. What does “minimum efficient scale” mean?

economics managerial

total revenue equation TR = 5000Q – 5Q2 and total cost equation C = 500 + 3Q2 Calculate this firm’s profit maximizing price, quantity, total revenue, total cost, and total

Business

Describe the three principal managerial roles identified by Henry Mintzberg and give examples of each? How important is competence in the core managerial skills for the different types of managers?

management

Describe the three principal managerial roles identified by Henry Mintzberg and give examples of each? How important is competence in the core managerial skills for the different types of managers?

managerial economics

Suppose a manufacturer estimates its marginal cost at $1.00 per pack, it's own price elasticity at -2, and sets its price at $2.The company's settlement obligations are expected to raise its average total cost per pack by pack by about $.60. What effect will this have on its ...

Managerial Econ

You are the manager of a monopoly, and your demand and cost functions are given by P = 300 – 2.5Q and C(Q)=1000 + 2.5Q2. a.At what price and quantity are firm’s profits maximized?

Managerial Econ

You are the manager of a firm which produces according to the cost function C(Q) = 75+5Q2. Determine the profit maximizing output and price and the level of profits

Managerial Economics

Managerial Economics uses_____to help solve problems. a. mathematical programming b. Statistics c. decision sciences d. microeconomics e. all of the above

managerial economics

Can someone break down the basic components of managerial economics to me. I have having a really tough time with this class. H-E-L-P.

Managerial accounting

I have homework in managerial accounting, textbook by Atkinson 6edition. Problems, 10-59, 10-68, 11-68 and case 11-73. Pages; 446, 450, and 504. Thank you.

managerial economoics

close relationship between mnagement and economics has led to the development of managerial economics

managerial economics

Can someone explain cost structure and market structure to me please.

managerial economics

Can someone explain cost structure and market structure to me please.

accounting

You have been asked to prepare a presentation for the next board of directors meeting regarding managerial accounting. What is the purpose of managerial accounting? How do managerial accountants support strategic decisions? How do managers implement strategy? You have been ...

Managerial Economics

Why the cost structure associated with many kinds of information goods and services might imply a market supplied by a small number of large firms.

managerial economics

I am in need of an example of a benefit cost analysis for renting a home versus buying a home.

Managerial Accounting

Help me on the author Garrison in managerial accounting chapter 9 case 23 on the budgets

Managerial Economics

When a firm increased its output by one unit, its Average Cost decreased. This implies that A)the law of diminishing returns has not yet taken effect B)MC<AFC C)MC<AC D)MC=AC

managerial economics

Qd=15.0-0.2P where Qd is annual quantity demanded in millions of units and P is the wholesale price. Incurred cost of $60 million. Production cost is $5/unit. (1) what is wholesale price, (2) production annually, (3) annual profit? Given this is a monopoly with an expiring ...

Managerial ECON

Suppose that a firm is currently employing 20 workers, the only variable input, at a wage rate of $60. The average product of labor is 30, the last worker added 12 units to total output, and total fixed cost is $3,600. a. What is marginal cost? b. What is average variable cost...

managerial economics

EXPLAIN 5 FUNCTIONS OF MANAGERIAL ECONOMICS WITH SUITABLE EXAMPLE.

managerial economics

Total cost function of a firm is TC= 200+4Q+2Q squared If the firm is perfectly competitive and the price of its product is $24, what is its optimal output rate?

epoka university

1) The cost that is related to the particularly cost object and can be traced to it in an economically feasible (cost-effective) way is called: o Indirect cost o Cost tracing o Direct cost o Variable cost

managerial economics

firms demand function,p=24-0.54q and the average cost function,AC=Q2-8Q+36+3/Q,calculate the level of output Q, which maximize total revenue,maximizes profits

Managerial Accounting

Which of the following is a characteristic of ABC? 1. improved financial reporting 2. aid to managers in determining product cost 3. used in place of job or process costing 4. use restricted to manufacturing entities

Managerial economics

Suppose Nick produces to goods @ cost C(q1,q2)=1000=.5q1^2+.5q2^2->5q1q2 If nick produces only one of he two goods his cost is given this cost function with the other good set = to 0. The inverse demand functions for the two goods are given by p1=a-.25q1 and p2=A-.05q2 a=17...

Managerial Economics

In a perfect competitive market, industry demand is P = 850 – 2Q, and industry supply is P = 250 + 4Q (supply is the sum of the marginal cost curves of the firms in the industry). Assume that all the firms collude to form a single monopoly firm. There is no change in the ...

Managerial Economics

Suppose that Neptune Music has the copyright to the latest CD of the heavy Iron Band. The market demand curve for the CD is Q=800-100p, where Q represents quantity demanded in thousands and p represents the price in dollars. Production requires a fixed cost of $100,000 and a ...

MANAGERIAL ECONOMICS

EXPLAIN THE ROLE AND RESPONSIBILITY OF MANAGERIAL ECONOMICS.

Managerial Economics

Assume the only choice variable is total benefit function is B(x) = 170x-x², and cost function is C(x) = 100-10x + 2x². a. What are the marginal benefit and marginal cost functions? b. Set up the net benefit function and then determine the level x that maximises net benefit...

Managerial accounting

What is the method of inventory costing that assumes the unit product costs should be determined separately for each period i the order in which the costs were incurred? I think it is "process cost system". Is that right?

Managerial Economics

Given the total cost function: C=16q2 + 10q+36 (where q is the output) Find: (i) values of q for which ATC is falling, and (ii) values of q for which ATC is rising

Managerial economics

Posted by Patrick on Saturday, September 22, 2007 at 5:25pm. Suppose Nick produces to goods @ cost C(q1,q2)=1000=.5q1^2+.5q2^2-5q1q2 If nick produces only one of he two goods his cost is given this cost function with the other good set = to 0. The inverse demand functions for ...

managerial economics

Given a firm’s demand function, P = 24 - 0.5Q and the average cost function, AC = Q2 – 8Q + 36 + 3/Q, calculate the level of output Q which a) maximizes total revenue b) maximizes profits

accounting

# 1 Takers,Inc.provide the following results: 2004 2003 Units 2,400 3,000 Total Cost 19,200 24,000 What form of cost behavior is the cost above? Fixed cost, Sunk Cost, Mixed Cost or Variable Cost

Managerial ECON

The chief economist for Argus Corporation, a large appliance manufacturer, estimated the firm’s short- run cost function for vacuum cleaners using an average variable cost function of the form AVC = a + bQ + cQ2 where AVC dollars per vacuum cleaner and Q number of vacuum ...

Managerial Economics

I need assistance with the following question: A researcher estimated that the price elasticity of demand for automobiles in the United States is -1.2, while the income elasticity of demand is 3.0. Next year, U.S. auto makers intend to increase the average price of automobiles...

managerial economics

A publisher of a new novel has spent $250,000 setting the type. The publisher must spend $1 million advertising the new book. It is now ready to print the book. For practical purposes, as many books as they like can be printed. In deciding how many copies to run, a. does the ...

managerial economics

Explain why it would cost Rafael Nadal or Venus Williams more to leave the professional tennis tour and open a tennis shop than it would for the coach of a university tennis team to do.

managerial accounting

The break-even point in dollar sales for Rice Company is $480,000 and the company’s contribution margin ratio is 40 percent. If Rice Company desires a profit of $84,000, how much would sales have to total? Answer: Fixed cost $288,000 Variables cost $192,000 (0.4)= $76,800 ...

managerial accounting

Department A had 10,000 units in work in process that were 30% converted at the beginning of the period at a cost of $10,000. During the period, 15,000 units of direct materials were added at a cost of $60,000, 16,000 units were completed, and 9,000 units were 40% completed. ...

managerial economics

Final Project A Final Project Is Due The Last Class Session. In Your Final Project, Describe And Answer In Economic Terms A Managerial Decision You Have Knowledge About (For Example One That Has To Be Made At Your Place Of Employment). Some Examples Essays and Term Papers

Managerial Economics/Math

I need help on some homework questions for an MBA-level Managerial Economics class. Here is the first question. 1. JALT, Inc. is a new firm offering investment consultant services to the rich. Harvey Milkemnow, having had experience in this area, is the potential new research ...

Managerial accounting

[Figure 5-1]. - The receiving department of Owen has three activities: unloading, counting goods, and inspecting. Unloading requires a forklift that is leased for $15,000 per year. The forklift is used only for unloading. The fuel for the forklift is $2,000 per year. ...

algebra

s=0 cost =$25 s=1 cost=$41 s=2 cost =$57 s=3 cost=$73 Let s stand for sets of prints ordered. write the RULE that describes a student's total cost.

managerial accounting

Im trying to get the selling price the question is marina has estimated the fixed cost per month are 240,000 and variable cosdt per dollar of sales is $0.60. what is the break even point per month use

ACCOUNTING HELP

Hello, I'm having trouble understanding Direct Cost, Overhead Cost and Indirect Cost. ***Also Period cost and Product cost. please can anyone explain it and give examples for each! thanks

ACCOUNTING HELP

Hello, I'm having trouble understanding Direct Cost, Overhead Cost and Indirect Cost. ***Also Period cost and Product cost. please can anyone explain it and give examples for each! thanks

business and finance

The cost of producing a number of items x is given by C=mx+b, inwhich b is the fixed cost and m is the variable cost (the cost of producing one more item). (a) If the fixed cost is $40 and the variable cost is $10, write the cost equation. Could someone help me please with ...

Managerial Economics

The demand for health club services is Q = 350 − 2P and the marginal cost of providing these services is MC = 110 + 2Q. If a two-part tariff pricing system is used, what is the optimal price and quantity combination? a.P = 52 and Q = 240 b.P = 199 and Q = 52 c.P = 26 and...

Managerial Economics

A monopolist faces the price equation P = 1,000 – 0.5Q, and cost is given as TC = 400 + 100Q +2.5Q^2.Determine the profit at the revenue maximizing level and the profit maximizing level. Compare the answers above and comment on the appropriate goal of the firm.

Managerial Accounting Help

Cotta Cots uses a standard cost system in which manufacturing overhead is applied to units of product on the basis of direct labor-hours (DLHs). During August, the company actually used 6,100 direct labor-hours and produced 2,500 units of product. The standard cost card for ...

Managerial Accounting

Greetings, I just started my accounting class and I do not have any accounting experience of knowledge (my first acct class). Could you please help me out. I just need the traditional and ABC direct, indirect, and unallocated cost answer for the two accounting systems. You ...

accounting

Richard Hamilton has a fast - food franchise and must pay a franchise fee of $35000 plus 3% of gross sales. In terms of cost behavior, the total cost is a: a) variable cost b) fixed cost c) step - fixed cost d) mixed cost

Programming Using Raptor

How do i program this into Raptor Language? print "What is the cost of the item?" input cost if ((cost >= 0) && (cost < 20)){print "The shipping is $2.95."} if ((cost >= 20) && (cost < 50)){print "The shipping is $3.95."} if ((cost >= 50) && (cost < 80)){...

Managerial Economics/Math

I need help on some homework questions for an MBA-level Managerial Economics class. Here is the first question. 1. JALT, Inc. is a new firm offering investment consultant services to the rich. Harvey Milkemnow, having had experience in this area, is the potential new research ...

Managerial Accounting

The following information was drawn from the year-end blance sheet of Desoto Company: Account Title` 2012 2011 Investment securities $35,500 $30,000 Equipment 235,000 220,000 Buildings 845,000 962,000 Land 80,000 69,000 Additional Information regarding transactions occurring ...

MANAGERIAL ECONOMICS

SIGNIFICANCE OF MANAGERIAL ECONOMICS?

math,algebra,help

Problem states: Business and finance. The cost of producing a number of items x is given by C = mx + b, in which b is the fixed cost and m is the variable cost (the cost of producing one more item). (a)If the fixed cost is $40 and the variable cost is $10, write the cost ...

managerial economics

Question #6 The owner of Taco Joe’s has estimated that if he lowers the price of a burrito from $2.00 to $1.50, he will increase sales from 400 to 500 burritos per day. The demand for burritos is A) elastic. B) inelastic. C) unitary elastic. D) perfectly elastic. Question #7...

math

3lbs cost $23.25 6lbs cost $46.50 9lbs cost $69.75 12 lbs cost $93.00 15 lbs cost $116.25 Based on the table,what is the constant of proportionality when using weight to find price?

math,correction

Assume that each situation can be expressed as linear cost function. Find the cost function in each case. Marginal cost $90;150items cost $16,000 to produce. this is what i end up. c(x)=90x-11900 That is correct if the cost function is linear, which is probably what your ...

Managerial finance

Suppose that your firm sells its goods at $100 per unit, it incurs $50,000 in total fixed costs, and it faces a variable cost per unit of $40. What is your firm's approximate Break Even level in number of unit sold? a. 503 b. 620 c. 769 d. 834

managerial economics

What are the relevant and irrelevant costs? Two partners who own Progressive Business Solutions, which currently operates out of an office in a small town near Boston, just discovered a vacancy in an office building in downtown Boston. One of the partners favors moving ...

Managerial Accounting

Instead of sales of 10,000 pair of skis, revised estimates show sales volume at 12,500 pair. At this new volume, additional equipment, at an annual rental of $10,000 must be acquired to manufacture the bindings. This incremental cost would be the only additional fixed cost ...

math

I did the first part how would i graph it. Problem: Business and finance. The cost of producing a number of items x is given by C = mx + b , in which b is the fixed cost and m is the variable cost (the cost of producing one more item). (a)If the fixed cost is $40 and the ...

math

the cost of a midnight madness movie ticket, is reduced by 2/5 of the original cost, to a cost of 3/5c. which expression is equivalent to the new cost? A)c-3/5c B)1-3/5c C)1-2/5c D)c-2/5c

MATH!

the cost of a midnight madness movie ticket, is reduced by 2/5 of the original cost, to a cost of 3/5c. which expression is equivalent to the new cost? A)c-3/5c B)1-3/5c C)1-2/5c D)c-2/5c

Managerial Accounting

During June, the receipts and issuances of Material No. A2FO are as follows: Received June 3 1,100 units @ $15 16 1,700 units@ $17 29 900 units@ $18 Issued June 11 700 units 4 Job No. 116 18 1,900 units 4 Job No.117 30 800 units 4 Job No. 118 A) Determine the cost of each of ...

Managerial Accounting

Tiger Golf Accessories sells golf shoes, gloves and laser-guided range finder that measures distance Below are unit cost and sales data. Shoes Gloves Range find Unit sales $100 $30 $250 Unit VC 60 10 200 Unit CM $40 $20 $50 Sales Mix 40% 50% 10% Fixed cost are $620,000 a.) ...

Managerial Economics

As vice president of sales for a rapidly growing company, you are grappling with the question of expanding the size of your direct sales force (from its current level of 60 national salespeople. You are considering hiring from 5 to 10 additional personnel QUESTION: How would ...

Managerial Economics

As vice president of sales for a rapidly growing company, you are grappling with the question of expanding the size of your direct sales force (from its current level of 60 national sales people) You are considering hiring from 5 to 10 additional personnel. How would you ...

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