for the special order. THE FOLLOWING INFORMATION APPLIES TO QUESTIONS 7 AND 8. Northwoods manufactures rustic furniture. The cost accounting system estimates manufacturing costs to be $120 per table‚ consisting of 60% variable costs and 40% fixed costs. The company has surplus capacity available. It is Northwoods’ policy to add a 50% markup to full costs. 7. Northwoods is invited to bid on a one-time-only special order to supply 200 rustic tables. What is the lowest price Northwoods should bid
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Initial idea: Offer affordable sports equipment for children Products: − Used (second-hand) products − Surplus equipment from manufacturers and retailers Current situation (December 2007): − Demand has been growing steadily over the last years − The products are distributed to the U.S. customers through a single (and small) warehouse in St. Louis − The warehouse is leased on a year-to-year basis − The current network design‚ in particular the distribution network and warehouse
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1. Hours flown 2. Charter Price/Hour 3. Ticket Price/Hour 4. Capacity of Scheduled flights 5. Ratio of charter flights 6. Operating Cost/hour The main assumption to work upon the scenarios is that the numbers generated for the different variables remain the same across the years. Initially‚ a base scenario is built and a profit-and-loss account for a typical year of operation is derived using the most likely values of the different parameters. Upon construction of the base scenario‚ the
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Seeing as this is clearly not the case‚ why exactly is it that baby clothes or shoes are so expensive? First of all‚ the materials used to make the shoes actually represent an extremely little proportion of the cost. What makes it so expensive is the variable cost – skills involved in making a pair of small shoes is way more difficult than when comparing to those big ones. On top of that‚ there are many rules and regulations when it comes to safety requirements such as keeping toxic substances out of
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Marginal Product | 0 | 0 | 0 | 1 | 10 | 10 | 2 | 18 | 8 | 3 | 24 | 6 | 4 | 28 | 4 | 5 | 30 | 2 | 6 | 31 | 1 | 3. The fisherman has a fixed cost of $200 per day and variable costs of $150 per hour (wages and fuel). a. Fill in the information missing in the following table. Hours/ day | Total Fixed Costs | Total Variable Costs | Total Costs | Marginal Costs | 0 | 200 | 0 | 200 | 0 | 1 | 200 | 150 | 350 | 150 | 2 | 200 | 300 | 500 | 150 | 3 | 200 | 450 | 650 | 150 | 4 | 200 | 600 |
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EGT1 Task: 309.1.1.05‚ 06 In business there are certain factors that have to be evaluated before a company can see if a profit has been made. To even get to the point where a profit will be made there has to be a product that is sold whether it is a tangible or an intangible product. There has to be something that the business is selling in order to make that profit. The amount of profit that is attained is the outcome of the total revenue minus the total cost. This will then show the
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Major Assignment 1) a) Demand Function: Quantity Demanded (Qd) = a + b* Price (P) Supply Function: Quantity Supplied (Qs) = a + b* Price (P) Where: a = constant b = the change in quantity as a result to the change in price. Demand Function: Quantity Demanded (Qd) = a + b* Price (P) b = (420 – 350) / (20 – 25) = 70 / -5 = -14 Using: P = 25‚ Qd = 350 350 = a – 14 * (25) 350 = a – 350 Therefore a = 700 and the demand function would be: Qd = 700 – 14 * P Supply Function:
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According to the article “The Variable Dresscode: Pros and Cons of School Uniforms” they state that “students are not exposed to diversity and often times experience culture shock when facing individuality in the real world”. We already have school security systems‚ locks on doors‚ school
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Linear Variable Displacement Transducer (LVDT): A very basic transducer which is always useful in the field of instrumentation‚ I have studied about this in my college days. Now let me explain about the LVDT with its Principle of Operation and I will explain how it is constructed for its well known operation and you can understand the working of LVDT. Principle of LVDT: LVDT works under the principle of mutual induction‚ and the displacement which is a non-electrical energy is converted into an
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Current Market Conditions Competitive Analysis Jerona Green‚ Darlene Wilson‚ Bronda Perkins‚ Christopher Pollard ECO/365 April 8‚ 2013 Samuel Imarhiagbe Current Market Conditions Competitive Analysis In today’s society the cell phone market is a huge competitive industry for cell phone companies. There have been studies that show that half the world has cell phone accounts. One attribute that defines the cell phone market is the idea of consumers is giving up their land line phones.
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