Question

A company that manufactures small canoes has a fixed cost of $ 16000. It costs $...

A company that manufactures small canoes has a fixed cost of $ 16000. It costs $ 100 to produce each canoe. The selling price is $ 200 per canoe.​ (In solving this​ exercise, let x represent the number of canoes produced and​ sold.) Write the cost function. write the revenue function. determine the break even point, type and ordered pair. what happens when the company produces and sells the break even number of canoes?

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Number of canoes produced and sold 550 750 900 total costs variable costs 104,500 142,500 171,000...
Number of canoes produced and sold 550 750 900 total costs variable costs 104,500 142,500 171,000 fixed costs 198,000 198,000 198,000 total costs 302,500 340,500 369,000 cost per unit variable cost per unit 190.00 190.00 190.00 fixed cost per unit 360.00 264.00 220.00 total cost per unit 550.00 454.00 410.00 Sandy Bank sells its canoes for $500 each. Required: 1. Suppose that Sandy Bank raises its selling price to $500 per canoe. Calculate its new break-even point in units and...
Sandy Bank, Inc., makes one model of wooden canoe. Partial information is given below. Required: 1....
Sandy Bank, Inc., makes one model of wooden canoe. Partial information is given below. Required: 1. Complete the following table. 2. Suppose Sandy Bank sells its canoes for $580 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 760 canoes. Prepare a contribution margin income statement for the company. 4. Calculate Sandy Bank’s break-even point in units and in sales dollars. 5. Suppose Sandy Bank wants to earn $74,000...
A firm producing lawn chairs has fixed cost of $700.00 per week. The variable cost is...
A firm producing lawn chairs has fixed cost of $700.00 per week. The variable cost is $8.00 per chair, and the revenue per chair is $18.00. A. Write the equation that represent the cost per week, C, for producing x lawn chairs B. Write the equation that represents the revenue per week, R, from selling x lawn chairs. C. What is the cost of produxing 100 lawn chairs in a week (show work) D. What is the revenue from selling...
If company A manufactures t-shirts and sells them to retailers for US$9.80 each. It has fixed...
If company A manufactures t-shirts and sells them to retailers for US$9.80 each. It has fixed costs of $2625 related to the production of the t-shirts, and the production cost per unit is US$2.30. Company B also manufactures t-shirts and selll them directly to consumers. The demand for its product is p = 15 − x 125 , its production cost per unit is US$5.00 and its fixed cost are the same as for company A . (i) Derive the...
Sandy Bank, Inc., makes one model of wooden canoe. Partial information is given below. Required: 1....
Sandy Bank, Inc., makes one model of wooden canoe. Partial information is given below. Required: 1. Complete the following table. 2. Suppose Sandy Bank sells its canoes for $550 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 810 canoes. Prepare a contribution margin income statement for the company. 4. Calculate Sandy Bank’s break-even point in units and in sales dollars. 5. Suppose Sandy Bank wants to earn $81,000...
Sandy Bank, Inc., makes one model of wooden canoe. Partial information is given below. Required: 1....
Sandy Bank, Inc., makes one model of wooden canoe. Partial information is given below. Required: 1. Complete the following table. 2. Suppose Sandy Bank sells its canoes for $550 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 830 canoes. Prepare a contribution margin income statement for the company. 4. Calculate Sandy Bank’s break-even point in units and in sales dollars. 5. Suppose Sandy Bank wants to earn $81,000...
Suppose a company has fixed costs of $44,800 and variable cost per unit of 1 3...
Suppose a company has fixed costs of $44,800 and variable cost per unit of 1 3 x + 222 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1654 − 2 3 x dollars per unit. Find break even Fine max revenue
Suppose a company has fixed costs of $48,000 and variable cost per unit of 2/5x +...
Suppose a company has fixed costs of $48,000 and variable cost per unit of 2/5x + 444 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 2468 −3/5x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) x =      (b) Find the maximum revenue. (Round your answer to the nearest cent.) $   (c) Form the profit function P(x) from the cost and...
Suppose a company has fixed costs of $53,200 and variable cost per unit of 2 5...
Suppose a company has fixed costs of $53,200 and variable cost per unit of 2 5 x + 444 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 2372 − 3 5 x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) x = (b) Find the maximum revenue. (Round your answer to the nearest cent.) $ (c) Form the profit function P(x)...
1. The Academic T-Shirt Company did a cost study and found that it costs $1400 to...
1. The Academic T-Shirt Company did a cost study and found that it costs $1400 to produce 600 “I Love Math” T-shirts. The total cost is $1600 for a volume of 700 T-shirts. Determine the linear cost-volume function. What is the fixed cost? What is the unit cost? 2. The Computer Shop sells computers. The shop has a fixed cost of $1500 per week. Its average cost per computer is $649, and the average selling price is $899 each. Write...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT