Determine the cost function for manchester

Assignment Help Accounting Basics
Reference no: EM13155071

Manchester Foundry produced 45,000 tons of steel in March at a cost of £1,150,000. In April, the foundry produced 35,000 tons at a cost of £950,000. Using only these two data points, determine the cost function for Manchester.

Reference no: EM13155071

Questions Cloud

Difference between exchange and nonexchange transactions : Describe the difference between exchange and nonexchange transactions and discuss the rules for recognition of revenues and expenses/expenditures for each type of transaction.
Can dependency exemption be applied in ashley situation : Can a dependency exemption be applied in Ashley's situation? Why? What are the consequences of her alternatives relative to her filing status and support consideration?
Mole fraction and percentage of sulfuric acid by mass : The sulfuric acid in a car battery has a density of 1.225 g/cm3 and is 3.75 M. What is the molality, mole fraction, and percentage of sulfuric acid by mass in this solution?
Explain why the total profit is still likely to lower : Explain why the total profit (from all sales) is still likely to lower with this pricing scheme than with perfect price descrimination despite fixed fee equal to the entire consumer surplus of a typical customer.
Determine the cost function for manchester : Manchester Foundry produced 45,000 tons of steel in March at a cost of £1,150,000. In April, the foundry produced 35,000 tons at a cost of £950,000. Using only these two data points, determine the cost function for Manchester.
Stockholders equity accounts problem : However, a building (with a nine year remaining life) in Brey's accounting records was undervalued by 18,000. Pitino assigned the rest of the excess fair value over book value to Brey's patended technology (Six year remaining life).
Explain how this outcome can be improved : Find the Nash Equilibrium of the game and explain why your result is the equilibrium. If the Nash Equilibrium the best outcome for the game? If not, explain how this outcome can be improved.
Calculate the solubility in m units of ammonia gas in water : Calculate the solubility (in M units) of ammonia gas in water at 298K and a partial pressure of 6.50bar . The Henry's law constant for ammonia gas at 298K is 58.0 M/atm
Amounts payable on class of stock : At December 31, 2007 and 2008, Sloan Corp. had outstanding 2,000 shares of $100 par value 8% cumulative preferred stock and 10,000 shares of $10 par value common stock. At December 31, 2007, dividends in arrears on the preferred stock were $8,000...

Reviews

Write a Review

Accounting Basics Questions & Answers

  Ideas of ways of comparing four companies

Can you provide me with some ideas for a project which entails choosing four companies that are in the same industry and similar in size (total revenues or total assets) from companies included on the Standard and Poor's (S&P 500)?

  Find advantages of normalization outweigh disadvantages

Under what circumstances would you not want to normalize a table? Finally, do you feel the advantages of normalization outweigh the disadvantages?

  Amount of total liabilities appearing

Paul's Valley Company issued bonds with a $15,000 face value on January 1, 2009. The bonds were issued at face value and carried 5-year term to maturity. They had a 5% stated rate of interest that was payable in cash on January 1 of each year begi..

  Determining the adjusting entry

On November 1, 2009, Bug Busters collected $6,000 in advance for three months of service to be provided beginning on that date. It was credited in full to unearned rent revenue. Assuming the accounting year ends December 31, give the adjusting ent..

  What is your investment recommendation

ROSS is considering a $6M Series A investment in Newco. ROSS proposes to structure the investment as 3M shares of convertible preferred stock.

  Timeframes and milestones for the audit

Include with your letter the following documents for the management at Apollo Shoes. Please note that there are four parts to this assignment. Outline the timeframes and milestones for the audit.

  Paid income taxes during for the year

The deferred tax liability classified as noncurrent that resulted from the use of MACRS for tax purposes and straight-line depreciation for financial reporting purposes, increased from $40,000 at the beginning of the year to $44,000 at the end of ..

  Entries for estimated bad debts assuming doubtful accounts

Prepare the entries for estimated bad debts assuming that doubtful accounts are estimated to be (1) 6% of gross accounts receivable and (2) 1% of net sales.

  General revenue from progam revenue

Distinguish general revenue from progam revenue. Provide several example of each.

  Estimating amount of unrealized gain

At year-end, only $24,000 of merchandise was still being held by Yarby. What amount of unrealized gain must be deferred by Bowler?

  Cash and stock dividend journal entries

The books of Conchita Corporation carried the following account balances as of December 31, 2010. Prepare the journal entries required for the dividend declaration and payment assuming that they occur simultaneously.

  Discuss the major types of fraud

Discuss the major types of fraud you might find in auditing the financial statements of a client.What conditions are generally present, how should the auditor assess the risk or fraud, what steps if any should the auditor take when he suspects fra..

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