Variable

producers. Cost effects the consumer demand and producer sale outcomes. It can also determine the worth of whatever is being sold in comparison to a substitute. The types of costs that affects consumer and producer investments include fixed costs, variable costs, opportunity costs, marginal costs, and economic costs. In economics, investments can be defined as an asset or item that is purchased with the hope that it will foster income or eventually reap benefits in the future. In economics an…

The variable cost is $1 per flange for materials, and $2 per flange ($20 per hour divided by 10 flanges per hour) for direct manufacturing labor. 2. The inventoriable (manufacturing) cost per unit for 5,000 flanges is $3 × 5,000 + $20,000 = $35,000. Average (unit) cost = $35,000 ÷ 5,000 units = $7 per unit. This is below Fred’s selling price of $8.25 per flange. However, in order to make a profit, Graham’s Glassworks also needs to cover the period (non-manufacturing) costs…

Outbound logistics Outbound logistics focus on processes related to storage and movement of the final product. It also entails information flows from the end of production line to the consumer. Based on the tasks performed by the logisticians, logistics is broken into a number of fields including procurement logistics, disposal logistics, domestic logistics, distribution logistics among others (Waters, 2003). Effects of maintenance scheduling on logistics and cost management Maintenance…

insurance and it is automatically included in the rent payment. I will have fixed cost and variable cost for each month and that will be what makes up my budget plan. My month one budget was divided into those two categories my fixed cost will remain the same for the next 6 months. Those 4 fixed cost is monthly condo rent ($945.00),car insurance ($115.00),pocket change ($100.00), and ($50) phone bill. My variable cost are food ($100.00), cleaning supplies ($25.00), cat litter ($15.00), cable…

Prices Yarn (Rs. / Kg) Rs. 160 Grey Fabric (Rs. / mtr) Rs. 62 Cost of Accessories (Rs/pcs) 34 Garments S.P. (Rs./pc) USD 5.25* * The average price of the garments is USD 5.25. The exchange rate considered is Rs. 63 / USD The total output and the raw material requirement under various process heads is summarised in the table under. Total Requirement Cotton yarn for GF GF for FF Garments for Retailing Kgs /month mtr/day Pcs/month Requirement and Demand 51,546 797,900 296,000 Note: All the…

Quantitative risk analysis is the one which follows the Qualitative analysis, and gives a numerical priority rating to project risks (PMI, 2009). Based on the PMBOK (PMI, 2013) quantitative risk analysis “… is the process of numerically analyzing the effect of identified risks on overall project objectives (p. 333).” This is also a process for the PM and project team to get risk data to support making decisions, which can help to reduce project uncertainties (PMI, 2013, p. 333). Based on the…

costing are two different approaches to dealing with fixed manufacturing overheads and whether or not they are included in valuing inventory. The marginal cost is the total variable cost of the product, it consists of direct labour hours, direct materials and direct expenses, therefore when the production units increase, the total variable cost will increase proportionately. In other word, the marginal cost can be avoid if there are no any unit to be produced and will…

with sprinkles. In order to find our breakeven point in units, we need to divide our fixed costs by our unit contribution margin. Our fixed costs are $362 and our unit contribution margin is found by computing: unit selling price – unit variable costs. Our variable costs per unit is $1.24, ($0.91 consists of…

However, it is worth noting that the application of probability or assigning of probability to the events in the effort to gratifying the axioms of probability follows some rules or basics (Grinstead et al, 1997). One of the basics is the random variable that refers to the quantity with uncertain expected future values. For instance, it is of uncertainty to determine the price of the products in the near future given the changing dynamic…

save the variable cost. Also, they can save the fixed cost rather than Sony in terms of producing TV. In this term, such a new companies have a lower budget to exploit the new machine or new technic because they just imitate the large company methods. Their fixed costs are based on the factory and wage; actually, they do not need to pay the high wage for the worker because their country is not high wage standard. So the can save a lot of money in terms of fixed cost. Also, their variable cost is…