Calculate total revenue-marginal revenue-marginal cost, Cost Accounting

In the beach city of Santa Barbara, California, there are seven bathing suit stores, each with the same schedule of costs and each facing an identical demand curve. Swim N Style is a typical store:

                                       Suits sold
                                       (per hour)           Price           Total Cost

                                                1                    $68                  $70

                                                2                      66                    80

                                                3                      64                    85

                                                4                      62                    90

                                                5                      60                  100

                                                6                      58                  115

                                                7                      56                  136

                                                8                      54                  164

                                                9                      52                  200

                                              10                      50                  245

a)   Calculate total revenue, marginal revenue, marginal cost and average cost at each level of sales for the store.

b)   If Swim N Style is a profit maximizer, what number of suits will it sell per hour? What will its price and profit be?

Posted Date: 3/30/2013 3:34:24 AM | Location : United States







Related Discussions:- Calculate total revenue-marginal revenue-marginal cost, Assignment Help, Ask Question on Calculate total revenue-marginal revenue-marginal cost, Get Answer, Expert's Help, Calculate total revenue-marginal revenue-marginal cost Discussions

Write discussion on Calculate total revenue-marginal revenue-marginal cost
Your posts are moderated
Related Questions
Variance Analysis and Standard Costing Standard costing is defined with CIMA like a technique that uses standards for revenues and costs for the purpose of control via varianc

Requirements of Uniform Costing 1. Uniform costing systems must process the given features as: 2. Cost reports and statements should be organized and laid out in a same for

Making Variance Analysis More Meaningful To compose variance analysis as useful aid to management is the main objective of variance calculations.  However this can only be don

what is the implication of applying accounting principle wrongly


First In First Out or FIFO Method - Work in Progress This method considers merely those costs incurred throughout the recent period.  Equivalent units are calculated given a

Seventeen new bathing suit stores enter the Santa Barbara market, joining the seven that already existed. As a consequence, the demand schedule facing Swim N Style (and all other s

We have earlier explained working capital by total current assets less current liabilities. It, in other words, implies that all the assets held through the business along with the

A company manufactures a single product. Estimated cost data regarding this product and other information for the product and the company are as follows: Sales price per unit Rs.2

The following information is available for the automotive division of Ford Motor Company for 2009.  The company uses the LIFO inventory method.