According to following information, which of the following is the total cost function in theform of Y = F+V*X? Number of units produced is 18,000.FixedVariable TotalCostCostCostsMaterial used in Production88,000 40,000 128,000Labour used in Production42,00038,50080,500Production Facilities cost37,000167,000 108,000 275,00029,50066,500TOTAL COSTSelect one:O a. Y = 275,000+V*108O b. Y = 167,000+V*18O CY = 167,000+V*6,O d.Y = 108,000+V*275e to searchF10DGy H iBY NT M

The cost function is represented by "Y = F + V * X", where, Y = Total costs F = Fixed costs X =…

Answered: total cost function

Business

Accounting

total cost function

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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According to following information, which of the following is the total cost function in the form of Y = F+V*X ? Number of units produced is 46,000. Fixed Variable Total Cost Cost Costs Material used in Production Labour used in Production Production Facilities cost 92,000 48,000 0006 179,000 230,000 409,000 105,000 85,000 133,000 40,000 197,000 79,000 TOTAL COST Select one: O a. Y = 179,000+V*5 O b. Y = 230,000+V*5 %3D Oc. Y = 409,000+V O d. Y = 179,000+V*23
According to following information, which of the following is the total cost function in the form of Y = F+V*X? Number of units produced is 18,000. Fixed Variable Cost Cost Material used in Production 88,000 40,000 Labour used in Production 42,000 38,500 Production Facilities cost 37,000 29,500 TOTAL COST 167,000 108,0OC Select one: • a. Y = 167,000+V*6 Ob. Y 167,000+V*18 c. Y = 275,000+V*108 O d. Y = 108,000+V*275
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Two products A and B are manufactured in a department. Sales for the year 2020 were planned as follows: Product Quarter 1 Quarter 2 Quarter 3 Quarter 4 8000 10000 11000 14000 6000 8000 7500 5500 Selling prices in Quarter 1 were estimated as OMR 20 per unit for A and OMR 30 for B respectively. Average sales return are 5% of Sales and 10% increase in selling price in each quarter compared to previous one. According to these estimates, which of the following is estimated Sales (OMR) in Quarter 3 for Product A? Select one: O a. 254050 O b. 219600 Oc. 185600 O d. 252890 Next page
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