The following data pertain to the operating budget of a certain manufacturing company. Capacity per period...

 

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The following data pertain to the operating budget of a certain manufacturing company. Capacity per period is sales of $790,000. Find algebraic statements for the following. (a) the revenue function (b) the cost function (a) Write an algebraic expression for the revenue function. Assume a selling price of $1. Total Revenue= (Type an expression using x as the variable. Do not include the $ symbol in your answer.) (b) Write an algebraic expression for the cost function Total Cost= (Type an expression using x as the variable. Do not include the $ symbol in your answer.) Sales $652,000 Fixed cost $268,000 Total variable cost 286,880 Total cost 554,880 Net income $97,120 The following data pertain to the operating budget of a certain manufacturing company. Capacity per period is sales of $790,000. Find algebraic statements for the following. (a) the revenue function (b) the cost function (a) Write an algebraic expression for the revenue function. Assume a selling price of $1. Total Revenue= (Type an expression using x as the variable. Do not include the $ symbol in your answer.) (b) Write an algebraic expression for the cost function Total Cost= (Type an expression using x as the variable. Do not include the $ symbol in your answer.) Sales $652,000 Fixed cost $268,000 Total variable cost 286,880 Total cost 554,880 Net income $97,120