Question

Marginal Cost A division of Ditton Industries manufactures a deluxe toaster oven. Management has determined that...

Marginal Cost

A division of Ditton Industries manufactures a deluxe toaster oven. Management has determined that the daily marginal cost function associated with producing these toaster ovens is given by

C'(x) = 0.0006x2 − 0.14x + 23

where C'(x) is measured in dollars per unit and x denotes the number of units produced. Management has also determined that the daily fixed cost incurred in the production is $700.

(a) Find the total cost incurred by Ditton in producing the first 300 units of these toaster ovens per day.

(b) What is the total cost incurred by Ditton in producing the 201st through 300th units/day?

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
Marginal Cost A division of Ditton Industries manufactures a deluxe toaster oven. Management has determined that...
Marginal Cost A division of Ditton Industries manufactures a deluxe toaster oven. Management has determined that the daily marginal cost function associated with producing these toaster ovens is given by C'(x) = 0.0006x2 − 0.14x + 25 where C'(x) is measured in dollars per unit and x denotes the number of units produced. Management has also determined that the daily fixed cost incurred in the production is $900. (a) Find the total cost incurred by Ditton in producing the first...
The management of a watch company has determined that the daily marginal revenue function associated with...
The management of a watch company has determined that the daily marginal revenue function associated with producing and selling their travel clocks is given by: R ′ (x) = - 0.08x + 24, where x denotes the number of units produced and sold and R ′ (x) is measured in dollars/unit. a) Use the Marginal revenue function to estimate the revenue from the sale of the 200th clock. Round your answer down to the nearest penny.    b) Determine the...
Four Finger Appliance Company manufactures small kitchen appliances. The product line consists of blenders and toaster...
Four Finger Appliance Company manufactures small kitchen appliances. The product line consists of blenders and toaster ovens. Four Finger Appliance presently uses the multiple production department factory overhead rate method. The factory overhead is as follows: Assembly Department $186,000 Test and Pack Department 120,000 Total $306,000 The direct labor information for the production of 7,500 units of each product is as follows: Assembly Department Test and Pack Department Blender 750 dlh 2,250 dlh Toaster oven 2,250 750 Total 3,000 dlh...
Four Finger Appliance Company manufactures small kitchen appliances. The product line consists of blenders and toaster...
Four Finger Appliance Company manufactures small kitchen appliances. The product line consists of blenders and toaster ovens. Four Finger Appliance presently uses the multiple production department factory overhead rate method. The factory overhead is as follows: 1 Assembly Department $186,000.00 2 Test and Pack Department 120,000.00 3 Total $306,000.00 The direct labor information for the production of 7,500 units of each product is as follows: Department Assembly Test and Pack Blender 750 dlh 2,250 dlh Toaster oven 2,250 750 Total...
Marginal Revenue for Producing Loudspeakers The management of Acrosonic plans to market the ElectroStat, an electrostatic...
Marginal Revenue for Producing Loudspeakers The management of Acrosonic plans to market the ElectroStat, an electrostatic speaker system. The marketing department has determined that the demand for these speakers is represented by the following function, where p denotes the speaker's unit price (in dollars) and x denotes the quantity demanded. Find the following functions (in dollars), find the value (in dollars) and interpret your results. p = −0.01x + 700      (0 ≤ x ≤ 20,000) (a) Find the revenue function R....
Weston Corporation manufactures a product that is available in both a deluxe and a regular model....
Weston Corporation manufactures a product that is available in both a deluxe and a regular model. The company has made the regular model for years; the deluxe model was introduced several years ago to tap a new segment of the market. Since introduction of the deluxe model, the company’s profits have steadily declined, and management has become concerned about the accuracy of its costing system. Sales of the deluxe model have been increasing rapidly. Overhead is applied to products on...
Kelowna Company has two divisions, A and B. Division A manufactures 12,000 units of product per...
Kelowna Company has two divisions, A and B. Division A manufactures 12,000 units of product per month. The cost per unit is calculated as follows. Variable costs $ 10 Fixed costs 20 Total cost $ 30 Division B uses the product created by Division A. No outside market for Division A’s product exists. The fixed costs incurred by Division A are allocated headquarters-level facility-sustaining costs. The manager of Division A suggests that the product be transferred to Division B at...
Munoz Company has two divisions, A and B. Division A manufactures 6,200 units of product per...
Munoz Company has two divisions, A and B. Division A manufactures 6,200 units of product per month. The cost per unit is calculated as follows. Variable costs $ 7.40 Fixed costs 19.50 Total cost $ 26.90 Division B uses the product created by Division A. No outside market for Division A’s product exists. The fixed costs incurred by Division A are allocated headquarters-level facility-sustaining costs. The manager of Division A suggests that the product be transferred to Division B at...
Tantom Industries is investigating a lockbox system to reduce its collection time. It has determined the...
Tantom Industries is investigating a lockbox system to reduce its collection time. It has determined the following: Average number of payments per day 435 Average value of payment $920 Variable lockbox fee $0.15 Annual lockbox fee $2000 Daily interest rate 0.068% The total collections time will be reduced by 3 days if the lockbox system is implemented. a. (5 pts) What is the annual benefit of this lockbox system? b. (5 pts) What is the annual cost of this lockbox...
The Electronics Division of Far North Telecom, Ltd., of Canada manufactures an electrical switching unit that...
The Electronics Division of Far North Telecom, Ltd., of Canada manufactures an electrical switching unit that can be sold either to outside customers or to the Fiber Optics Division of Far North Telecom. Selected operating data on the two divisions are given below: Electronics Division Unit selling price to outside customers            80 Variable production cost per unit Variable selling and administrative    52 Expense per unit Fixed production cost in total Fiber Optics Division: 9 Outside purchase price per unit (before...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT