North Manchester Foundry produced 55,000 tons of steel in March at a cost of 1,150,000. In April,

Question:

North Manchester Foundry produced 55,000 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 North Manchester.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Introduction to Management Accounting

ISBN: 978-0133058789

16th edition

Authors: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgsta

See More Books

Question Posted: Nov 19, 2014 05:40 AM

See More Questions

"Manchester foundry produced 45,000 tons of steel in March at a cost of 1,150.000 pounds. In April, the foundry produced 35,000 tons at a cost of 950,000 pounds. Using only these two data points,...
Southampton Foundry produced 45,000 tonnes in March at a cost of 1,100,000. In April, 35,000 tonnes were produced at a cost of 900,000. Using only these two data points, determine the cost function...
A foundry uses 3,600 tons of pig iron per year at a constant rate. The cost per ton delivered to the foundry is $145. It costs $92 to place an order and $18 per ton per year for storage. Find the...
Adam and Mandeep are in a partnership in retailing computer accessories. The partnership records, exclusive of GST, for this income year, disclose: Receipts ($): 530,000 Payments ($): 175,000 70,000...
Why would HP use more than one marketing channel?
The ice cream store Cool Stuff sells exotic ice creams, including Tropical Cream and Green Mango. Cool Stuff has been varying the prices of these two flavors over the past 12 weeks and has recorded...
An ideal gas flows with velocity $V$, pressure $p$, temperature $T$, and density $ho$. Determine a set of equations for stagnation properties, including entropy, if the stagnation process is...
Wilkman Semiconductors experienced the following activity in its Photolithography Department during December. Materials are added at the beginning of the photolithography process. Units: Work in...
A boy coasts down a hill on a sled, reaching a level surface at the bottom with a speed of 15 m/s. If the coefficient of friction between the sled's runners and the snow is 0.11 and the boy and sled...
Paper Company acquired 80 percent of Scissor Company's outstanding common stock for $296,000 on January 1, 20X8, when the book value of Scissor's net assets was equal to $370,000. Problem 3-37...
Heavenly Computers is a company started by two engineering students to assemble and market personal computers to faculty and students. The company operates out of the garage of one of the students...
The president and the controller of Toluca Transformer Company (Mexico) have agreed that refinement of the companys cost measurements will aid planning and control decisions. They have asked you to...
How could control charts be used? Give two examples.
How do you calculate the calculated velocity and predicted range with this data? Provide Step-by-step instruction DATA: Ramp Incline: 20 Table 1. Range and Velocity of Projectile at Ramp Distance 1...
Factor the given polynomial. 10x - 23x-5
. Snappy Petroleum is planning to drill a well. The expected costs and revenues in terms of money in "Time 0" are: the drilling cost: $2,050.000; the variable costs of production: $19 per barrel; ...
4. Consider the following price data for a set of goods. 2006 2007 1.30 1.25 21.15 32.20 97.00 96.80 80.68 70.45 Food Toys 1.20 10.20 Transportation 95.00 100.20 2005 Phone 2008 1.50 35.50 97.52...
Suppose P1, is the stock price index for country 1, P2, is the stock price index for country 2 and P3, is the stock price index for country 3. The researcher believes that the stock price indexes are...
A 500.0-mL buffer solution is 0.10 M in benzoic acid and 0.10 M in sodium benzoate and has an initial pH of 4.19. What is the pH of the buffer upon addition of 0.010 mol of NaOH? a) 1.70 b) 4.01 c)...
The purpose of this case is to come up with a contingency plan[s] in order to sustain the program Move With Me, a program that serves thousands of community members throughout Lower Manhattan. The...
For a world in which international trade would be based only on the differences featured in the HeckscherOhlin theory, the shift from no trade to free trade is like a zerosum game. Do you agree or...
Many companies are allocating more nonproduction costs because of the increasing magnitude of these value-chain costs. One value-chain function that is receiving more attention is marketing. How...
What is the ability-to-bear philosophy of cost allocation?
How can an organization lower its cost to serve the customers?
Have a brief introduction, discussion of the topics/points, and a conclusion.what you have learned during the course( Organizational Dynamics and Effectiveness).Their relevance to your career....
Using the article provided below, you are required to analyse the company information to define the business goals and evaluate whether the supply chain is a strategic fit with the business and...
Create output that shows a scatterplot with a line of best fit for your data. Explain what a line of best fit is? Submit both the output file (SPSS) as well as your Word summary.

North Manchester Foundry produced 55,000 tons of steel in March at a cost of 1,150,000. In April,

Question:

Step by Step Answer:

Variable cost per ton 1150000 950000 55000 ...View the full answer

Introduction to Management Accounting

Students also viewed these Managerial Accounting questions