Purchase Solution

Cost Model With Joint Equation

Not what you're looking for?

Ask Custom Question

the cost of labor varies jointly as the number of workers and the number of days that they work. if it costs $1450 to have 16 people work for 7 days, how much will it cost to have 20 people work for 13 days?

a. $3367
b. $3380
c. $3385
d. $3388
e. $3395

Purchase this Solution
Solution Summary

This solution solves a problem of a cost model that has a joint dependency built into the mathematics of the model. It includes an explanation with steps shown as well as the answer.

Solution Preview

Since C(p,d) = p*d*k

where:
C(p,d) = total ...

Purchase this Solution
Free BrainMass Quizzes
Know Your Linear Equations

Each question is a choice-summary multiple choice question that will present you with a linear equation and then make 4 statements about that equation. You must determine which of the 4 statements are true (if any) in regards to the equation.

Multiplying Complex Numbers

This is a short quiz to check your understanding of multiplication of complex numbers in rectangular form.

Solving quadratic inequalities

This quiz test you on how well you are familiar with solving quadratic inequalities.

Geometry - Real Life Application Problems

Understanding of how geometry applies to in real-world contexts

Probability Quiz

Some questions on probability

View More Free Quizzes
Related BrainMass Solutions

  • Linear Programming Model on a Spreadsheet using Solver

    programming model that determines the optimal allocation of advertising dollars among the four advertising possibilities (each individual & joint).

  • Calculating optimal output and profit

    two variables, 3qa+qb=100 ----(1) qa+3qb=100 ----(2) Multiply equation (2) with -3 and add to equation (1) 3qa+qb=100 -3qa-9qb=-300 -8qb=-200 qb=25 Put qb=25 in equation (1) 3qa+25=100 3qa=75 qa=25 Price=p=105-(qa+qb)=

  • Multiple choice

    The cost allocation method that assigns joint costs to products based on their relative market value at the split-off point is the: 1 simultaneous equation method. 2 relative sales value method. 3 net realizable value method.

  • Calculate: Optimal Output, Price and Profit Levels

    =TCThere= 5QThere + 0.5QThere^2 Marginal Cost for There=dTCThere/dQThere=5+QThere Put P=MC There i.e. 105-QThere-QHere=5+QThere QHere+2QThere=100 (2) Multiply equation (2) by -2 and add to equation (1) -2QHere-4QThere=-200 2QHere+QThere=100

  • Probability Theory: Probability Types and Assumptions

    All people wearing glasses are included in the union, along with all blondes and all blond people who wear glasses. 3). Joint Probability: A joint probability is denoted by P(X and Y).

  • Gandor Long-Term Assests and Liabilities Management

    In determining Gandor's weighted average cost of capital we use the following equation Gandor applied the premium of 4 percentage points to the cost of capital joint ventures in foreign countries, which makes its required rate of return for the joint

  • Two events are NOT mutually exclusive; Breakeven point

    - they cannot have a joint probability. - the list of outcomes includes every possible outcome. What is the formula for the break-even point of a simple profit model?

  • Strategic Management Choices and Scandals in Toyota

    task team activities with market claims reduced by 75%, and in-process defect ratio reduced by 40% and cost reduced by 6.3%.

  • Management Accounting

    Up to the split-off the processing cost of the joint product should have no influence on further processing decisions. In other words the joint product is just along for the ride since these costs can not be influenced.

View More Related Solutions