Nimbus Pty Ltd makes brooms and sell them door-to-door.The relationship between the number of workers employed by Nimbus andthe number of brooms produced is provided in Table 2 below. Nimbus hasÖxed costs of $200 per day from renting its factory a day in advance. Theprice per worker per day is $100.(a) (8 marks) Fill in the blank columns in following table.Workers Output Marg.Prod.FixedCostVariableCostTotalCostAFC AVC ATC MarginalCost =(
TC=
y)0 0 ñ 200 0 ñ ñ ñ ñ1 20 200 1002 50 200 2003 90 200 3004 120 200 4005 140 200 5006 150 200 6007 155 200 700(b) (4 marks) Discuss the relationship between the short-run marginalcost and the marginal product of labor.(c) (4 marks) Discuss the relationship between short-run average totalcost and short-run marginal cost.1(d) (4 marks) Discuss the relationship between short-run average variablecost and short-run marginal cost.(e) (1 mark) Discuss the relationship between short-run total variablecost, short-run total Öxed cost, and short-run total cost.(f ) (4 marks)Discuss the relationship between short-run average variablecost, short-run average Öxed cost, and short-run average total cost.

Nimbus Ltd makes brooms and then sells them door-to-door.Here is the relationship between the number of workers and Nimbus's output during a given day. Workers: 0, 1, 2, 3, 4, 5, 6, 7 Output: 0, 20, 50, 90, 120, 140, 150, 155 Marginal product: ? Total cost: Average total cost: Marginal cost: a) Fill in the column of marginal products.What pattern do you see? How might you explain it? b) A worker costs $100 a day and the firm has fixed costs of $200. Use this information to fill in the column for total cost. c) Fill in the column for average total cost.(Recall that ATC=TC/Q.)What pattern do you see? d) Now fill in the column for marginal cost. (Recall that MC=ΔTC/ΔQ.)What pattern do you see? e) Compare the column for marginal product with the column for marginal cost. Explain the relationship. f) Compare the column for average total cost with the column for marginal cost.Explain the relationship.

Nobesuthu Pty Ltd has a total of 2 000 rooms in its national wide chain of Guest houses. On average, 70% of the rooms are occupied each day. The company’s operating costs are R21 per occupied room per day at this occupancy level, assuming a 30-day month. This R21 figure contains both fixed and variable costs elements.  During May, the occupancy rate dropped to only 45%.  The total of R792 000 in operating cost was incurred during May.Required:Using the high-low method calculate the following and choose the correct answer from the options provided:The variable cost per occupied room per day Blank 1 .The total estimated fixed cost per month Blank 2 .Assume that the occupancy rate increases to 60% during May. What total operating costs would you expect the company to incur during May Blank 3 .PART BNomarally Pty Ltd manufactures and sells a single product.  A partially completed schedule of the company’s total and per unt costs over a relevant range of 60 000 to 80 000 units and sold each is given below:Units produced and sold60 00080 000Total costs  Variable costs150 000Blank 4Fixed costs360 000Blank 5Total costs510 000Blank 6Cost per unit  Variable costBlank 7Blank 8Fixed costBlank 9Blank 10Total cost per unit??Required:Fill-in the missing figures by choosing the correct answers from the options provided.

Nolte Manufacturing Company reported the following year-end information:Beginning work in process inventory            $360,000Beginning raw materials inventory                $100,000Ending work in process inventory                 $300,000Ending raw materials inventory                     $160,000Raw materials purchased                              $320,000Direct labour                                                 $300,000Manufacturing overhead                               $200,000Nolte Manufacturing Company's cost of goods manufactured for the year is:Question 8Answera.$820,000b.$880,000c.$700,000d.$760,000

advocate Nirmal Sharma is running law practice individually. He has invested 3 lakh rupees of his own as capital and has also borrowed 1 lakh rupees from a bank ay an interest rate of 8% per annum. He has recently hired a typist at a monthly salary of 8000 rupees. The estimated monthly rental value of his own land he is using as an office is 30 thousand rupees. Calculate the total cost incurred by Advocate Nirmal Sharma, further subdivide it into implicit and explicit cost. It is also known that the imputed value of his services is 6 lakh rupees.

Manico Company produces three products-X, Y, & Z-with the following characteristics: XYZSelling price per unit$21.00$17.00$16.00Variable cost per unit12.6012.756.40Contribution margin per unit$ 8.40$4.25$9.60 === ======= ====== ====Machine hours per unit536The company has only 2,000 machine hours available each month. If demand exceeds the company's capacity, in what sequence should orders be filled if the company wants to maximize its total contribution margin? Question 19Answera.Orders for Y first, X second, and Z thirdb.Orders for X first, Z second, and Y thirdc.Orders for Z first, X second, and Y thirdd.Orders for Z first and no orders for X or Y