The Gatson Manufacturing Company Has Estimated the Following Components for a New

question 23

Essay

The Gatson manufacturing company has estimated the following components for a new product.
Fixed cost = $50,000
Material cost per unit = $2.15
Labor cost per unit = $2.00
Revenue per unit = $7.50
Note that per-unit material and labor cost together make up the variable cost per unit.
a. Using the spreadsheet model, construct a one-way data table with production volume as the column input and profit as the output. Breakeven occurs when profit goes from a negative to a positive value, that is, breakeven is when total revenue = total cost, yielding a profit of zero. Vary production volume from 0 to 100,000 in increments of 10,000. In which interval of production volume does breakeven occur?
b. Use Goal Seek to find the exact breakeven point. Assign Set cell: equal to the location of profit, To value: = 0, and By changing cell: equal to the location of the production volume in your model.

Recognize the impact of social and environmental factors on individual behavior and mental processes.

Understand the impact of damage to specific body systems on physiological needs.

Identify the role and objectives of ergonomics (human factors) in psychology.

Comprehend the nature vs. nurture debate in behavior and personality development.

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Definitions:

Alcohol

A psychoactive substance found in drinks like beer, wine, and spirits, known for its intoxicating effects.

Sexual Risk Taking

Behaviors that increase the likelihood of negative outcomes such as sexually transmitted infections or unintended pregnancies due to unprotected sex or multiple partners.

College Students

Individuals enrolled in a college or university program, typically aged between 18 and 24, but can vary widely.

Disinhibition

The phenomenon of activating behaviors that would normally be suppressed.