It costs $1,000 for hand tools and $1.50 labor per unit to manufacture a product. Another alternative is to manufacture the product by an automated process that costs $15,000, with a $0.50 per-unit cost. With an annual production rate of 5,000 units, how long will it take to reach the break-even point of using the automated equipment

It will take 2 years and 292 days to break even.

Explanation:

Giving the following information:

It costs $1,000 for hand tools and $1.50 labor per unit to manufacture a product. Another alternative is to manufacture the product by an automated process that costs $15,000, with a $0.50 per-unit cost.

Annual production= 5,000

We need to find the point where the automated process equals the "old" process.

Old process:

Total cost= 1,000 + 1.5*x

x= number of units

New process:

Total cost= 15,000*0.5*x

We need to determine the number of units:

1,000 + 1.5x = 15,000 + 0.5x

x=14,000/1= 14,000 units

Therefore:

14,000/5,000= 2.8 years

.8*365= 292 days

It will take 2 years and 292 days to break even.

what is wrong with black soap shampoo?

explanation:

match the scenarios with terms related to financial aid.

pell grant

student loan

merit-based scholarship

richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

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anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.

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nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.

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