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If variable cost rises from \( \$ 60 \) to \( \$ 100 \) as output increases from 15 to 20 units, the marginal cost of the twentieth unit is \( \$ 100 \) is \( \$ 5 \) is \( \$ 40 \) is \( \$ 8 \) cannot be determined without total cost

Ask by Gray Moran. in the United States
Mar 14,2025

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The marginal cost of the twentieth unit is \$8.

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The Deep Dive

Did you know that marginal cost is essentially the extra cost incurred from producing one additional unit of a good? To find it, you subtract the total variable cost of producing the initial quantity from the total variable cost of producing the additional quantity. In this case, with variable costs rising from $60 for 15 units to $100 for 20 units, the marginal cost of producing the 20th unit would be \((100 - 60) / (20 - 15) = \$8\). It's a common mistake to confuse variable cost with marginal cost! Remember, while variable costs pertain to the costs that change with output, marginal cost specifically focuses on the cost incurred when one more unit is produced. Keep this distinction in mind to avoid miscalculating costs in your financial analysis!

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The following transactions have been extracted from the books of a parthership ZT Traders (partners Zel an Tees) at the financial year end 28 February 20.9. The business applies a \( 60 \% \) mark-up on cost on all goodi The bank account has a credit balance at all times. REQUIRED: Analyse the following transactions under the headings in your Answer Book. The first one has been done a an example for you. TRANSACTIONS: E.g.: Paid the electricty account of R2 500. 1. Received a direct deposit from a tenant for rent of \( R 5500 \). 2. Provision for bad debts of R3 200 must be reduced to R2 900. 3. Bought packing materials on credit for R1 600 less \( 8 \% \) tade discount. 4. Paid the creditor (see No. 3) by EFT the amount owing less \( 5 \% \) discount. 5. Debtor, J. Mkhize, deposited an amount of R4 248 after a discount of \( 11,5 \% \) had been deducted. 6. Partner Zel took goods with a selling price of R5 000 for his own use. 7. Parther Tees withdrew his monthly salary of R12 000. 8. Partner Zel tuansferred a Gr balance of R 45000 on his current account to his capital account. 9. Trading stock with a selling price of R90 000 must be written down to \( 10 \% \) below the cost price as the stock is now old. 10. Dehtor, J. Mshala, claimed an allowance of \( 15 \% \) on goods with a cost price of R3 600 as they were damaged. Alowed her this claim. 11. A creditor with a debit balance of R500 must be transferred to her debtors account. 12. Depreciation must be written off equipment of R4 200. 13. A credit sale of R950 to F. Fly was recorded in the account of B. Bea in error. 14. Transfer the gross profit of R120 000 . 15. Allocate the interest on capital to partner Zel of R15 000. 16. The final division of profit to partreer Tees was R65 000. 17. The Pre-Adjustment Trial Balance showed insurance of R 33800 . This included an annual premium of R13 200 paid on 1 November 20.8. 18. The consumable stores on hand on 1 March 20.8 for 2920 was not reversed. Make the correction. 19. Partner Zel's personal insurance of \( R 750 \) was debited to the insurance account. Paid the rates deposit of R7 800 to the municipality.
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