Due to evaporation during production, X-treme Building Styrofoam Company requires 5 pounds of material input for every 4 pounds of styrofoam sheets manufactured. During March, the company produced 3,800 pounds of good sheets.
Required: Compute the total standard allowed input quantity, given the good output produced.
What will be an ideal response?
| Good output | = | (4/5) × input = 0.8 × input |
| ? | ? | ? |
| Good output /0.8 | = standard allowed input |
| ? | ? | ? |
| 3,800 / 0.8 | = | 4,750 pounds of input |
| ? |
You might also like to view...
If a presentation requires the audience to work together to reach an answer, , the presentation will be ________
A) informational B) persuasive C) instructional D) collaborative E) anecdotal
Courts must have both personal and subject matter jurisdiction to hear a case
Indicate whether the statement is true or false
When marginal cost is equal to marginal revenue, the firm should
A. produce more to increase profits. B. produce less to decrease total costs. C. stop producing additional units to maximize profits. D. provide discounts to encourage purchases. E. intensify distribution to increase sales.
Refer to the figure above. The slope of line B is equal to the:
A. profit per unit. B. unit contribution margin. C. selling price per unit. D. variable cost per unit. E. fixed cost per unit.