A plant produces refrigerators at the rate of P units per day. The variable costs per...
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A plant produces refrigerators at the rate of P units per day. The variable costs per refrigerator have been found to be $47.73 + 0.1 P10. Another hidden cost per refrigerator is $3000/P1.8. The total daily fixed charges are $1780, and all other expenses are constant at $7330 per day. If the selling price per refrigerator is $175, determine: (a) The daily profit at a production schedule giving the minimum cost per refrigerator. (b) The daily profit at a production schedule giving the maximum daily profit. (c) The production schedule at the break-even point. 3. (9) A plant produces refrigerators at the rate of P units per day. The variable costs per refrigerator have been found to be $47.73 + 0.1 P10. Another hidden cost per refrigerator is $3000/P1.8. The total daily fixed charges are $1780, and all other expenses are constant at $7330 per day. If the selling price per refrigerator is $175, determine: (a) The daily profit at a production schedule giving the minimum cost per refrigerator. (b) The daily profit at a production schedule giving the maximum daily profit. (c) The production schedule at the break-even point. 3. (9)
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Solution a Total cost per refrigerator cT 4773 01P2 1750 7... View the full answer
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