Results 1 to 2 of 2

Math Help - please help i dont really understand this!

  1. #1
    Junior Member
    Joined
    Sep 2009
    Posts
    30

    please help i dont really understand this!

    The willow furniture company produces tables. The fixed monthly cost of production is $8,000, and the variable cost per table is $65. The tables sell for $180 apiece.
    a. for a monthly volume of 300 tables, determine the total cost, total revenue, and profit.
    b. determine the monthly break-even volume for the willow furniture company.

    Im not sure what the obj. func. is or where to even begin. Please help!
    Follow Math Help Forum on Facebook and Google+

  2. #2
    MHF Contributor
    Joined
    Dec 2007
    From
    Ottawa, Canada
    Posts
    3,100
    Thanks
    67
    HINT:
    Profit per table before fixed costs: 180 - 65 = 115
    Minimum tables to cover $8000 fixed costs: 8000 / 115 = 70 (rounded up).
    Follow Math Help Forum on Facebook and Google+

Similar Math Help Forum Discussions

  1. Replies: 2
    Last Post: July 14th 2010, 10:26 PM
  2. plz help me i dont understand...
    Posted in the Algebra Forum
    Replies: 1
    Last Post: September 30th 2008, 05:10 PM
  3. What I dont understand is
    Posted in the Calculus Forum
    Replies: 2
    Last Post: March 31st 2008, 06:57 PM
  4. algebra:( i dont understand
    Posted in the Algebra Forum
    Replies: 1
    Last Post: February 18th 2008, 04:32 PM
  5. I dont understand this..
    Posted in the Trigonometry Forum
    Replies: 1
    Last Post: August 18th 2007, 04:48 PM

Search Tags


/mathhelpforum @mathhelpforum