Best Birdies produces ornate birdcages. The company's average cost per unit is $23 when it produces 2, 200 birdcages. If $5, 500 of the costs are fixed, and the plant manager uses the cost equation to predict total costs, his forecast for 3.300 birdcages will be... A. $50, 600 B. $75, 900 C. $73, 150 D. $25, 300
Answers
Average cost per unit = Total costs / Number of birdcages produced
We know the average cost per unit is $23 when producing 2,200 birdcages, so we can calculate the total costs for that production:
Total costs = Average cost per unit * Number of birdcages produced
Total costs = $23 * 2,200
Total costs = $50,600
Now, we know that $5,500 of these costs are fixed, so we subtract that from the total costs:
Variable costs = Total costs - Fixed costs
Variable costs = $50,600 - $5,500
Variable costs = $45,100
Now, we can use the cost equation to predict the total costs for producing 3,300 birdcages:
Total costs = Fixed costs + (Variable cost per unit * Number of birdcages produced)
Total costs = $5,500 + ($45,100 / 2,200 * 3,300)
Total costs = $5,500 + ($20.50 * 3,300)
Total costs = $5,500 + $67,650
Total costs = $73,150
So, the forecast for 3,300 birdcages will be $73,150. The correct answer is C. $73,150.
Final answer:
The forecasted total costs for 3,300 birdcages will be $81,400 (option b).
Explanation:
To solve this problem, we need to use the cost equation given in the question. The cost equation is expressed as Total Cost = Fixed Costs + (Average Cost per Unit x Number of Units). We are given that the fixed costs are $5,500 and the average cost per unit is $23 for 2,200 birdcages. To find the forecasted total costs for 3,300 birdcages, we can plug in these values into the cost equation:
Total Cost = $5,500 + ($23 x 3,300)
Total Cost = $5,500 + $75,900
Total Cost = $81,400
Therefore, the forecast for 3,300 birdcages will be $81,400. So the correct answer is option B, $75,900.
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Answers
Answer:
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The causes of changes in corporate behavior and governance range from political to economic to social, legal, etc.
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The false statement about NGOs is that their activism has only led to minor changes in corporate behavior and governance. In reality, they have led to significant changes in these areas.
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The false statement about NGOs from the options provided is: 'NGO activism has been responsible for minor changes in corporate behavior and governance.' This is not accurate because NGO activism has led to significant changes, not minor ones, in corporate behavior and governance over the years. NGOs play a critical role in shaping corporate policies and ensuring they are more ethical and socially responsible. For instance, the advocacy efforts of NGOs have led many companies to adopt improved labor practices, and environmentally friendly and sustainability measures.
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