Get personalized answers to your specific questions with IDNLearn.com. Our community is here to provide detailed and trustworthy answers to any questions you may have.
Sagot :
Consequently, the linear equation y=3x+50 connecting the total cost to the quantity produced.
What are Manufacturing Costs?
The manufacturing cost is the sum of all expenses incurred in the production of a good. The three categories of cost of manufacturing are direct costs of material, direct labor, & manufacturing overhead. It affects the overall cost of delivery. The costs directly associated with creating the product are known as manufacturing costs. The per-item cost of doing business must be calculated taking into account both production costs and manufacturing costs.
Why is manufacturing cost important?
Costs of production have a significant impact on the efficient design and production of a product. The added value model states that a profit can only be made when the cost of production is less than the value added. Therefore, a product's success depends on knowing how much it will cost to design and manufacture.
Briefing:
A linear equation is of the form
y = mx+b
where b is the value at x=0 and m is the slope (rate of change of y with respect to x).
With the information provided, the price rose by $650-$350=$300 when the quantity produced rose by 200-100=100. Therefore, 300/100=3 represents the rate of change of cost (y) in relation to x (number of units).
So the equation is of the form
y = 3x+b
To calculate b, choose one of the two available data points.
When 100 units were produced, the total cost was $350:
350 = 3(100)+b
350 = 300+b
b = 50
The equation y=3x+50, which connects the total cost to the quantity produced, provides the right answer.
To know more about Manufacturing Cost visit:
https://brainly.com/question/28499890
#SPJ4
Thank you for using this platform to share and learn. Don't hesitate to keep asking and answering. We value every contribution you make. For trustworthy answers, visit IDNLearn.com. Thank you for your visit, and see you next time for more reliable solutions.