1) A manufacturer of small glass figurines discovers that it costs $ 2300 for a production run of 1500 and $ 2900 for a production run of 2200 . Assuming that cost is a linear function of the number of items, find the overhead and the marginal cost of a figurine.
a) The overhead is $ ?
b) the marginal cost of a figurine is $ ?
2)A house and lot valued at $ 160000 is being depreciated over 25 years by the straight-line method . After 20 years, the book value of the asset is $ 100000 . Since only the value of the house depreciates, find the assumed value of the land. (Ignore inflation.)
The assumed value of the land is $ ?
3)If a manufacturer has fixed costs of $ 400 , a cost per item for production of $ 40 , and expects to sell at least 100 items, how should he set the selling price to guarantee breaking even?
The selling price for breaking even is $ ?
If the manufacturer wishes to guarantee profits of least $ 100 , what should he set the selling price to be?
The selling price for the stated profits is $ ?
4)A machine worth $ 10000 new and having a scrap value of $ 9991 is to be depreciated over a 9 -year life. Find the function that describes straight line depreciation for this situation. At what time will the machine be worth $ 9995.5 according to this model?
The straight line depreciation is described by the function A(t) = ______ years
The machine is worth $ 9995.5 when t= ________ years
5)At a selling price of $ 66 , a lamp company breaks even on total sales of $ 4422 . If the company's overhead is $ 469 , find the marginal production cost per lamp and find the profit on sales of 152 lamps.
The marginal production cost per lamp is $__________
The profit on the sales of 152 lamps is ___________
a) The overhead is $ ?
b) the marginal cost of a figurine is $ ?
2)A house and lot valued at $ 160000 is being depreciated over 25 years by the straight-line method . After 20 years, the book value of the asset is $ 100000 . Since only the value of the house depreciates, find the assumed value of the land. (Ignore inflation.)
The assumed value of the land is $ ?
3)If a manufacturer has fixed costs of $ 400 , a cost per item for production of $ 40 , and expects to sell at least 100 items, how should he set the selling price to guarantee breaking even?
The selling price for breaking even is $ ?
If the manufacturer wishes to guarantee profits of least $ 100 , what should he set the selling price to be?
The selling price for the stated profits is $ ?
4)A machine worth $ 10000 new and having a scrap value of $ 9991 is to be depreciated over a 9 -year life. Find the function that describes straight line depreciation for this situation. At what time will the machine be worth $ 9995.5 according to this model?
The straight line depreciation is described by the function A(t) = ______ years
The machine is worth $ 9995.5 when t= ________ years
5)At a selling price of $ 66 , a lamp company breaks even on total sales of $ 4422 . If the company's overhead is $ 469 , find the marginal production cost per lamp and find the profit on sales of 152 lamps.
The marginal production cost per lamp is $__________
The profit on the sales of 152 lamps is ___________