Finding optimal price and output levels

Assignment Help Managerial Accounting
Reference no: EM1348439

Currently the total cost is given by TC = 100 + 10Q +Q^2 for sale shoe manufacturing company. The demand equation is given by P =-5Q +130. How many units should the company produce to maximize its profit? What is the price that company charges? What are the profit, total revenues, and total cost of the company?

Reference no: EM1348439

Questions Cloud

Depict a network diagram for this project : Depict a network diagram for this project and Your diagram should show the ES, EF, LF, LS, and Slack. Follow the diagram structure we discussed in class.
Number of rtcp bandwidth allocated to receiver : Let RTP session consisting of four users, all of which are sending and receiving packets to same multicast address. How much RTCP bandwidth will each receiver be allocated?
Classification of development costs : Masters Golf Products, Corporation, spent 3 years and $1,000,000 to develop its new line of club heads to replace a line that is becoming obsolete. To start manufacturing them, the company will have to invest $1,800,000 in new equipment.
Fear or stress about big changes in a hospital setting : What happened in hindsight - Was it really that bad and did you become more confident because new skills where acquired?
Finding optimal price and output levels : Currently the total cost is given by TC = 100 + 10Q +Q^2 for sale shoe manufacturing company. The demand equation is given by P =-5Q +130.
Drug addiction treatment : Describe how drugs such as methadone and buprenorphine are used to treat addiction.
What is the speed v : Two masses traveling at the same speed v0 collide head on. Nothing is known about collision other than that it is not completely inelastic.
Research strategy on stress : Briefly explain your selected problem. - Find what kinds of information should be gathered to help you in solving this problem and where this information can be obtained.
Describe what experimental manipulation is : Describe what experimental manipulation is. For example a business researcher is hired by a specialty retail firm, who is trying to decide what level of lighting and what temperature it should maintain in its stores to maximize sales

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Cvp analysis of plainfield bakers

Plainfield Bakers manufactures and sells the popular line of fat free cookes under name Aunt May's cookies. The process Plainfield employs to manufacturer the cookies is labor-intensive; it relies heavily on direct labor.

  Market segment-demographic and psychographic info

Select a "market segment". Research demographic and psychographic information regarding this segment.

  Describing rolling budget

What is a rolling budget? Why are they prepared? Describe why some types of companies would employ a rolling budget instead of a master budget.

  Job order costing system at burlington clock works

Burlington Clock Works manufactures fine, handcrafted clocks. The firm uses a job-order costing system, and manufacturing overhead is applied on the basis of direct-labor hours.

  Different types of budgets

What are some of the different types of budgets? Explain in detail one kind of budget covered in the text. Explain what the budget is employed for and what information it provides the business.

  Determining costing systems

Which costing system would be more efficient when direct labor costs and direct materials are low, and overhead is high and why? Explain how the supply chain and the macroeconomic environment of the health care business fit in with your calculations?

  Determine the ending finished goods inventory

Determine the ending finished goods inventory. What was the cost of indirect labor? What was the amount of factory overhead applied? Determine total manufacturing costs incurred during 2007. What was the cost of good manufactured?

  Prepare flexible budget several levels

Make a flexible budget for following levels of production: 18,000 units, 20,000 units, and 22,000 units. Find out the flexible budget formula for the year ended December 31?

  Prepare mastic static budget-prepare flexible budget

A company makes a product out of metal. They employ two pounds of metal that costs them $20 per pound. They pay their employees $25 an hour and it takes average of 1.3 hours for them to make the final product.

  Preparing direct-material purchases budget

Ocean Waverunners plans to manufacture 20,000 units, 24,000 units, and 30,000 units, respectively, in October, November, and December. Make a direct-material buys budget for October in parts and dollars.

  Reject opportunity-cost drivers-opportunity costs

Explain two long-run effects which might lead to managers' rejecting opportunities to cut prices and obtain increases in short-run profits.

  Normal costing-actual costing systems

Describe the reasons a consulting firm might use a normal costing system rather than an actual costing system.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd