The following data pertain to the operating budget of a certain manufacturing company Capacity per period is sales of Sales $870,000 Find algebraic statements for the following $681,000 Fixed cost $294,000 (a) the revenue function (b) the cost function Total variable cost 313,260 Total cost 607, 260 Net income $108,000 (a) Write an algebraic expression for the revenue function Assume a selling price of $1 Total Revenue = (Type an expression using x as the variable Do not include the $ symbol in your answer) (b) Write an algobraic expression for the cost function Total Cost (Type an expression using x as the variable Do not include the S symbol in your answer)
The following data pertain to the operating budget of a certain manufacturing company Capacity per period is sales of Sales $870,000 Find algebraic statements for the following $681,000 Fixed cost $294,000 (a) the revenue function (b) the cost function Total variable cost 313,260 Total cost 607, 260 Net income $108,000 (a) Write an algebraic expression for the revenue function Assume a selling price of $1 Total Revenue = (Type an expression using x as the variable Do not include the $ symbol in your answer) (b) Write an algobraic expression for the cost function Total Cost (Type an expression using x as the variable Do not include the S symbol in your answer)
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 33P: Assume the demand for a companys drug Wozac during the current year is 50,000, and assume demand...
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![The following data pertain to the operating budget of a certain manufacturing company Capacity per period is sales of Sales
$870,000 Find algebraic statements for the following
S681,000
Foced cost
$294,000
Total variable cost
313,260
(a) the revenue function
(b) the cost function
Total cost
607,260
Net income
$108,000
(a) Write an algebraic expression for the revenue function Assume a selling price of $1
Total Revenue=
(Type an expression using x as the variable Do not include the $ symbol in your answer.)
(b) Write an algobraic expression for the cost function
Total Cost
(Type an expression using x as the variable Do not include the S symbol in your answer)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1212e7be-b978-4b93-a5f2-f8e28ec5a552%2Fa4152fb8-65a4-4f10-a25c-7e3812a1d0c9%2Fx9vf9ee_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following data pertain to the operating budget of a certain manufacturing company Capacity per period is sales of Sales
$870,000 Find algebraic statements for the following
S681,000
Foced cost
$294,000
Total variable cost
313,260
(a) the revenue function
(b) the cost function
Total cost
607,260
Net income
$108,000
(a) Write an algebraic expression for the revenue function Assume a selling price of $1
Total Revenue=
(Type an expression using x as the variable Do not include the $ symbol in your answer.)
(b) Write an algobraic expression for the cost function
Total Cost
(Type an expression using x as the variable Do not include the S symbol in your answer)
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