Find algebraic statements for the revenue function

Assignment Help Cost Accounting

Reference no: EM133628510

Question: Engineering estimates show that the variable cost of manufacturing a new product will be $42 per unit. Based on market research, the selling price of the product is to be $124 per unit and variable selling expense is expected to be $17 per unit. The fixed costs applicable to the new product are estimated to be $2510 per period and capacity is 100 units per period.

Find algebraic statements for the following.

1. The revenue function?

2. The cost function?

Write me an expression using x as the variable and do not include the $ symbol in your answer

Reference no: EM133628510

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