Table 67 Table 67 Shows Cost Data for Lotus Lanterns, a Producer of |

question 31

Multiple Choice

Table 6.7
$$\begin{array} { | c | c | c | c | c | } \hline \begin{array} { c } \text { Quantity of } \\\text { Lanterns }\end{array} & \begin{array} { c } \text { Fixed Cost } \\\text { (dollars) }\end{array} & \begin{array} { c } \text { Variable Cost } \\\text { (dollars) }\end{array} & \begin{array} { c } \text { Total Cost } \\\text { (dollars) }\end{array} & \begin{array} { c } \text { Average } \\\text { Total Cost } \\\text { (dollars) }\end{array} \\\hline 75 & 200 & 170 & 370 & 4.93 \\\hline 80 & 200 & 230 & 430 & 5.36 \\\hline 90 & 200 & & & 7.67 \\\hline 100 & 200 & 810 & & \\\hline 115 & 200 & & & 11.8 \\\hline 117 & 200 & 1264 & 1464 & 12.5 \\\hline 120 & 200 & 1480 & & \\\hline\end{array}$$ Table 6.7 shows cost data for Lotus Lanterns, a producer of whimsical night lights.
-Refer to Table 6.7.The marginal cost per unit of production when the firm produces 100 lanterns is _________.

• A) $420
• B) $32
• C) $11.1
• D) $8.1

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Definitions:

Balanced Scorecard

A strategic planning and management system that organizations use to communicate what they are trying to accomplish, align daily work with strategy, and prioritize projects, products, and services.

Dashboard

A graphical interface that displays key data metrics and indicators, allowing users to quickly visualize and monitor performance at a glance.

Differential Piece Rate

A payment scheme where workers are paid based on the amount of work completed, with rates varying according to productivity levels.

Incentive Plan

A reward system used by companies to motivate and financially compensate employees based on achieving specific performance targets.