Farm Supply plans to make 10,000 tractors at its plant. Fixed costs are $1,000,000 and variable costs

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

Question:

Farm Supply plans to make 10,000 tractors at its plant. Fixed costs are $1,000,000 and variable costs are $500 per tractor. What is the average cost per tractor?

A. $600

B. $500

C. $100

D. $200

Related Book For answer-question

Financial Management Core Concepts

ISBN: 978-0132671033

2nd edition

Authors: Raymond M Brooks

See More Books

Posted Date: Aug 21, 2020 07:31 AM

See More Questions

What is the average magnitude of the Poynting vector 5.00 miles from a radio transmitter broadcasting isotropically with an average power of 250 kW?
What is the average current drawn by a 1.0-hp 120-V motor? (1 hp = 746 W.)
What is the average collection cycle for Rian Company? Use the below information for solving the question 2008 Selected Income Statement Items for Rian Company Cash Sales ..... $ 298,000 Credit Sales...
Nancy takes out a 29-year loan of $650,000 today. The bank charges interest at 3.6% p.a. compounded monthly. Nancy makes equal month-end payments starting in one month's time. Calculate how much...
Based on information presented on pages 402-403, sketch curves relating glycogen synthase reaction velocity to [UDP-glucose], for both the a and b forms of the enzyme, in the presence and absence of...
Mrs. Mary Atkins, age 66, has been your firm's client for five years, since the death of her husband, Dr. Charles Atkins. Dr. Atkins had built a successful newspaper business that he sold two years...
Donating Blood to Grandma? Can young blood help old brains? Several studies in mice indicate that it might. In the studies, old mice (equivalent to about a 70-year-old person) were randomly assigned...
James Gross, chairman of the College of Oshkoshs business department, needs to assign professors to courses next semester. As a criterion for judging who should teach each course. Professor Gross...
How do you determine an employee's emotional stability to things like stress in the workplace? Is this ability learned by you do you think it is something you were born with?
A 2 4 factorial design was run in a chemical process. The design factors are A = time, B = concentration, C = pressure, and D = temperature. The response variable is yield. The data follow: (a)...
You are required to fill out the necessary accounts as well as blank accounts to be used if needed have been included. You will need to complete this task by entering the relevant information into...
One of the difficulties of engaging in global trade is the constant shift in exchange rates. How much do exchange rates change over a 30-day period? Research this by choosing five currencies (for...
You have $1200 to cover the discounted sales price of your favorite Shimano mountain bike, but no safe storage area if you owned it today. The projected cost increase each year is 6.4% . Determine...
Proving Substitution Effect & Income Effect. " Given your existing income, you spend all of your income for 2 goods, i.e. petrol (gasoline) for car and the remaining balance on other goods" 1) What...
Write dynamic growth model definition ? Pooled Mean Group estimation technique definition? explain dynamic heterogeneous panels by considering long-run equilibrium relations.?
The cultural expression of Ella Fitzgerald Mas que nada. Describe the cultural expression in as much detail as possible. Explain why it is historical evidence of accretion in So Paulo ?
An inexperienced accountant for Prestwick Company prepared the following income statement for the month of August, current year. PRESTWICK COMPANY AUGUST 31, CURRENT YEAR Revenues: Services provided...
As of January 1, 2018, Room Designs, Inc. had a balance of $9,900 in Cash, $3,500 in Common Stock, and $6,400 in Retained Earnings. These were the only accounts with balances in the ledger on January...
Give an example of an erosion cost. Explain why this cost is part of the incremental cash flow of a project. Is there a case when a new product should get credit for additional revenue of another...
Get Real Inc. has announced that it will buy back 3,000,000 of its 27,000,000 shares over the next year. If the stock is selling for $15.30, what is the equivalent cash dividend that the company...
Quick Start Ventures, Incorporated is has received 6 excellent funding proposals, but is only able to fund up to $2,500,000 Project A: Cost $700,000, NPV $50,000 Project B: Cost $800,000, NPV $60,000...
The sequence in Figure P2.3 represents a ball that is initially held above the ground. In the first frame the ball is released. In subsequent frames the ball falls, bounces on the ground, rises, and...
If an object's initial position is $x_{\mathrm{i}}=+6.5 \mathrm{~m}$ and its final position is $x_{\mathrm{f}}=+0.23 \mathrm{~m}$, what is the $x$ component of its displacement?
You walk $3.2 \mathrm{~km}$ to the supermarket and then back home. What is your distance traveled? What is your displacement?

Farm Supply plans to make 10,000 tractors at its plant. Fixed costs are $1,000,000 and variable costs

Question:

Expert Answer:

PARTICULAR AMOUNT FIXED COST OF PLANT 1000000 VARIABL... View the full answer

Financial Management Core Concepts

Students also viewed these accounting questions