Estimate the selling price and profit, Cost Accounting

Assignment Help:

Slash and Burn is a monopolist that can sell its output at these prices and with these total costs:

                   Output             Price        Total Cost

                     4                    $27                 $28

                     5                      26                   34

                     6                      25                   42

                     7                      24                   52

                     8                      23                   64

                     9                      22                   88

                    10                      21                 105

                    11                      20                 125

                    12                      19                 148

                    13                      18                 174

                    14                      17                 204

a)   What level of output will Slash and Burn choose to produce? What will the selling price and profit be?

b)   Suppose that Slash and Burn produced at the level that a perfectly competitive industry would, with marginal cost equal to price. What would be the output, price and profit?


Related Discussions:- Estimate the selling price and profit

Just in time, advantages and disadvantages of just in time

advantages and disadvantages of just in time

Absorption costing, Absorption Costing, Marginal Cost and Marginal Costing ...

Absorption Costing, Marginal Cost and Marginal Costing Absorption costing is most often utilized for routine profit reporting and must be utilized for financial accounting rea

Calculate the net present value and efficiency , A foreign company plans to...

A foreign company plans to clear several dozen acres of ecologically valuable mangrove swamp in Vietnam for the creation of a shrimp aquaculture facility. This decision will create

Advantages and disadvantages of group bonus plan, Advantages and Disadvanta...

Advantages and Disadvantages of Group Bonus Plan Benefits associated along with group bonus schemes involve i. It encourages teamwork and cooperation among workers ii.

Analysis of variance, ANALYSIS OF VARIANCE When the actual are not simi...

ANALYSIS OF VARIANCE When the actual are not similar from the standards, variance exists. Variance may be unfavorable or favorable. When the actual cost is more than the standa

Cost accounting, diff between cost estimation and cost accounting

diff between cost estimation and cost accounting

Issuance of stock - shares of common stock, 1. Issuance of stock Prepa...

1. Issuance of stock Prepare journal entries to record the issuance of 100,000 shares of common stock at $20 per share for each of the following independent cases: a. Jacks

Process costing, what is accounting treatment for material losses due to ab...

what is accounting treatment for material losses due to abnormal reasons

Marginal costing from financial information for management, prepare a trad...

prepare a trading and profit and loss accounts for the period using marginal costing and absorption costing

Write Your Message!

Captcha
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