AB Jackson Industries installed a compressor and pump system in 2013 at a cost of $91.950 If the FRED equipment cost index appleWhat will be the estimated cost for a similar system when the index value in 284 87TABLE 15-3Samples of Annual Cost Index ValuesFRED IndustrieFRED Consumer PriceYearIndex (CPI)(1982-84-Production: Tota! CE Plant Cost IndexIndex (INDPRO)100) (2017-100) (1957ERED Pumps.Compressors, and(CEPCI)Equipment Index-59-100) (Dec. 1982=100)2013233.099,3567.323522014236.7102.35761240 520152370100.9556.8244 82016240.098.7541.724702017245.1100.0567.5251.52018251.1103.2603.1259.92019255.7102.3607.5266.42020258.894.9596.2269.82021280.13101.7708.0291.72022 (est.)296.28104.8833.3326.8me cost for a similar system when the index value is 284.8 is determined to be $ole number.)(Round the final answer to the nearest

The initial cost of the compressor and pump system in 2013 was $91,950. The FRED equipment cost…

Answered: AB Jackson Industries installed a…

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 8SQP

See similar textbooks

Similar questions

Equipment purchased in 2006 for $36,000 must be replaced in late 2017. What is the estimated cost of the replacement equipment based on the following cost indices? TITI End of Year Index End of Year Index 2011 202 209 222 134 2004 2005 2006 2007 2008 2009 2010 2012 2013 149 155 2014 2015 2016 242 263 156 170 183 278 194 2017 289 (estimated) The estimated cost of the replacement equipment based on the cost indices provided is S (Round to the nearest dollar.) Enter your answer in the answer box.
1. Calculate the annual labor cost at present based on the following data (a) Labor cost index value was at 100 10 years ago and is 150 today. (b) Annual labor costs for a similar facility were $451,400 10 years ago.
A blant broduces dayof A 15000gallons per r chemical cost partiçular 2.5millions in 31987.when the Cost index was. 1674. The Cost now for louilding. that produces "40,000 gallous per day with fexponent) of08 Milligns. Similar plant cost capacity factor 5 Millions. what's the st indexi now. र
Metters Cabinets, Inc., needs to choose a production method for its new office shelf, the Maxistand. To help accomplish this, the firm has gathered the following production cost data: Variable costs (per unit) ($) Process type Annualized fixed cost labor material energy Of plant & equip. Intermittent $1,000,000 24 26 20 Mass customization $1,190,000 30 18 12 Repetitive $1,385,000 28 15 11 Continuous $1,660,000 25 15 10 Determine the most economical…
The Jones Company has the following cost schedule: Output Total Cost (Units) ($) 3000 3750 100 4275 150 4675 200 5000 250 5300 300 5700 350 6250 400 7050 450 8225 Prepare (a) average total cost and (b) marginal cost schedules for the firm. 50
please discuss this statement “Thw technical pattern that statistically significant could be economically insignificant.”
Every year, there is some form of construction work going on at UF's campus. In January 2018, bids were opened for a new building on campus for UFPD. The bid/construction value of the building was set at $5 Million. Another building of similar structure and purpose is planned with a bid opening in January 2023. What is the expected bid for the new building? It is given that in January 2000, the Florida Construction Cost Index had a value of 5550, while in January 2018, that value was 8000. You can use these price indices to calculate an average inflation in construction costs.
SuProse a liim hus revenue R=15t- 5q2 und (Ost (= 93-13.5e+ 50+ 40. Make a sketch of average Variable cOst, marginal (ost and maigina fevenue.
Cover-to-Cover Company is a manufacturer of shelving for books. The company has compiled the following cost data, and wants your help in determining the cost behavior. After reviewing the data, complete requirements (1) and (2) that follow. UnitsProduced TotalLumberCost TotalUtilitiesCost Total MachineDepreciationCost 7,000 shelves $84,000 $9,050 $140,000 14,000 shelves 168,000 17,100 140,000 28,000 shelves 336,000 33,200 140,000 35,000 shelves 420,000 41,250 140,000 For each cost, determine the fixed portion of the cost, and the per-unit variable cost. If there is no amount or an amount is zero, enter "0". Recall that, for N = Number of Units Produced, Total Costs = (Variable Cost Per Unit x N) + Fixed Cost. Complete the following table with your answers. Round variable portion of cost (per unit) answers to two decimal places. Cost Fixed Portionof Cost Variable Portionof Cost (per Unit) Lumber Utilities Depreciation
2. Suppose you are given the following cost data for a product. q (units) C (dollars) 4693 4831 5001 405 420 440 (a) Use averaging to estimate MC(120) (give units of yOur answer). (b) If the revenue (in dollars) from sclling q units is R= 13.78q. estimate the effect on profit of producing and selling the 421st unit. %3D
ATC, AAC, AVC, MC (/uni 270.00 24000 21000 180.00 150.00 120.00 10:00 60.00 30.00 0:00 02 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 Units of Output (0) Unit Cost Curves Refer to the graph above. The curves are not labeled. To help get this question right, you must first label the curves. An output level of 18 is identified with the dark vertical line. The shaded rectangular area (height times width) is the O average sunk cost. O total sunk cost O total avoidable fed cost. O total avoidable cost. O None of the above
The figure below shows graphs of the fixed cost function, total cost function and the total revenue function for a certain commodity. 20 Dollars (8) 2000+ 7000- 6000 5000 000 3000 2000 1000+ -10 -1000+ 10 20 30 (a) What is the break-even point? e.g. (295,7650) (b) What are the fixed costs? $ TR TC If the selling price per unit is $70, and the variable cost per unit is $30: Percent of capacity= FC 40 50 60 70 80 90 100 Units enter the answer in the form (x,y) (c) If the maximum production capacity of the commodity is 100, express the break- even units as a percent of capacity? % (round to two decimal places if necessary)

SEE MORE QUESTIONS

Recommended textbooks for you

Survey Of Economics

Economics

ISBN:

9781337111522

Author:

Tucker, Irvin B.

Publisher:

Cengage,

Micro Economics For Today

Economics

ISBN:

9781337613064

Author:

Tucker, Irvin B.

Publisher:

Cengage,

Managerial Economics: Applications, Strategies an…

Economics

ISBN:

9781305506381

Author:

James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:

Cengage Learning

Survey Of Economics

Economics

ISBN:

9781337111522

Author:

Tucker, Irvin B.

Publisher:

Cengage,

Micro Economics For Today

Economics

ISBN:

9781337613064

Author:

Tucker, Irvin B.

Publisher:

Cengage,

Managerial Economics: Applications, Strategies an…

Economics

ISBN:

9781305506381

Author:

James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:

Cengage Learning

Managerial Economics: A Problem Solving Approach

Economics

ISBN:

9781337106665

Author:

Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS