Question

Suppose the imaginary company of Panthera is a small, Spokane-based American apparel manufacturer specializing in athleisure. The following table presents the brand's total cost of production at several different quantities. Fill in the remaining cells of the following table.

Answer 1

The question requires knowledge of cost accounting to calculate total cost, average variable cost, average total cost, and marginal cost for a ski manufacturer with fixed costs of $30, but specific data is missing to complete Table 7.16.

Step-by-step explanation:

The question pertains to the subject of Business and falls within the college-level curriculum, focusing on concepts related to cost accounting and economic analysis within a manufacturing context. When delineating total cost, average variable cost, average total cost, and marginal cost for the WipeOut Ski Company with fixed costs of $30, it is essential to have the additional data such as variable cost per unit and quantity produced. Since these details are not provided, a complete answer cannot be given. Typically, total cost is calculated by adding fixed costs to variable costs, average variable cost by dividing total variable cost by quantity, average total cost by dividing total cost by quantity, and marginal cost by taking the change in total cost divided by the change in quantity. Without further details, an example with assumed numbers would look like:

• Total cost = Fixed costs + (Variable cost per unit × Quantity)
• Average variable cost = Total variable cost / Quantity
• Average total cost = Total cost / Quantity
• Marginal cost = Change in total cost / Change in quantity

For accurate completion of Table 7.16, specific numerical values are needed for the variable costs and output levels (number of skis produced).