Calculate the avg fixed cost and avg variable cost

Assignment Help Financial Accounting
Reference no: EM13146651

Ace Manufacturing produces 1,000 hamburgers/day.The total fixed cost for the plant is $5,000/day, The total fixed cost for the plan is $5,000/day, and the total variable cost is $15,000/day. calculate the avg fixed cost, avg variable cost, avg total cost, and total cost at thecurrent output level.

Reference no: EM13146651

Questions Cloud

Compute the issue price of the bonds : Compute the issue price of the bonds on January 1, 2003. Provide the journal entry to record the issuance of the bonds on January 1, 2003. Provide the journal entry that Buster should make on December 31, 2003 assuming the effective interest method.
What is the new wage and rental price of land : What is the new wage and rental price of land? What share of output does labor receive now?
How many grams of nh4cl will dissolve : approximately how many grams of NH4Cl will dissolve in 100g of H2O at 70 C?
Assume you are a police officer : Assume you are a police officer speaking to a college class in criminal justice. Explain why you think ethics is, or is not, necessary when we already have laws in place. Support your position on the relationship between ethics and the law
Calculate the avg fixed cost and avg variable cost : The total fixed cost for the plan is $5,000/day, and the total variable cost is $15,000/day. calculate the avg fixed cost, avg variable cost, avg total cost, and total cost at thecurrent output level.
Calculate the profit that the manager : The manager of EverClean finds two output levels that appear to be optimal. Show what these levels of output are, and explain which one is actually optimal.
Why is the normality assumption not a problem : Construct a 95% confidence intervalfor the population proportion of positive drug tests. Why is the normality assumption not a problem despite the very small value of p?
What will be the new volume : The volume of a gas at 95.0 kPa is 300.0 mL. If the pressure is increased to 177 kPa, what will be the new volume?
What are the retained earnings : Rockwell Corporation had a net income of $150,000 for the year ending 2009. The company decided to payout 40% of earnings per share as a dividend. Rockwell has 120,000 shares issued and outstanding. What are the retained earnings for the 2009?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Find out tiffany basis in the land

Tiffany remains a partner in the partnership, and the distribution is proportionate to the partners. Find out Tiffany's basis in the land, accounts receivable and TMF partnership after the distribution.

  Quantity variance in terms of budgeted contribution margin

The subsequent information was gathered about the two products - Find the total sales-quantity variance in terms of budgeted contribution margin?

  Illustrate what total amount of gain or loss

Illustrate what total amount of gain or loss on its securities should be included in Nance's income statement for the year ended December 31, 2007?

  What can a public accounting firm do

What can a public accounting firm, such as the one in which Tiffany works, do to ensure that audits of computerized accounting information systems are conducted efficiently and effectively?

  What is the effect of an increase in the price of market

What is the effect of an increase in the price of market goods on a worker's reservation wage, probability of entering the labor force, and hours of work?

  Evaluate the unknowns in big chucks cash budget

Evaluate the unknowns in Big Chuck's abbreviated cash budget and evaluate the outstanding loan balance as of September 30, after any repayments have been made.

  Carlton ltd has prepared draft

The financial accountant of Carlton Ltd has prepared draft financial statements for the year ended 30 June 2014 but is unsure about the tax calculations.

  Evaluate the operating income under variable

Evaluate the operating income under variable costing and absorption costing for each month

  Explain how does the fourth amendment work in the workplace

But most fraud takes place at the workplace. Explain how does the fourth amendment work in the workplace? Does the employee have any protection from it?

  What transactions might need reversing entries

What are reversing entries and why are they required? What transactions might require reversing entries? What transactions might not? What would happen if reversing entries were not made?

  What is organizational legitimacy

What is organizational legitimacy and why might it be considered to be a 'resource'?

  Compute janice morgans 2011 federal income tax payable

Compute Janice Morgan's 2011 Federal income tax payable. If you use tax forms for your computations, you will need Forms 1040 and 4562 and Schedules A, B, C, and SE. Suggested software: H&R BLOCK At Home.

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