(Question 6 of Chapter 5) Using the production function: Q=20K^0.5 L^0.5
where K is machine-hours per week, L is worker-hours per week, and Q is output per week. Suppose that capital is $10 per machine-hour and labour is $5 per worker-hour. What would be the cost minimizing combination of capital and labour that could be used to produce outputs at the level of 20.

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Nichols inc. manufactures remote controls. currently the company uses a plantminuswide rate for allocating manufacturing overhead. the plant manager is considering switchingminusover to abc costing system and has asked the accounting department to identify the primary production activities and their cost drivers which are as follows: activities cost driver allocation rate material handling number of parts $5 per part assembly labor hours $20 per hour inspection time at inspection station $10 per minute the current traditional cost method allocates overhead based on direct manufacturing labor hours using a rate of $20 per labor hour. what are the indirect manufacturing costs per remote control assuming an method is used and a batch of 10 remote controls are produced? the batch requires 100 parts, 5 direct manufacturing labor hours, and 3 minutes of inspection time.

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