Business, 31.05.2021 18:20 cbowling8

Retro Rides, Incorporated, operates two divisions: (1) a Management Division that owns and manages classic automobile rentals in Miami, Florida and (2) a Repair Division that restores classic automobiles in Clearwater, Florida. The Repair Division works on classic motorcycles, as well as other classic automobiles. The Repair Division has an estimated variable cost of $60.50 per labor-hour and has a backlog of work for automobile restoration. They charge $80.00 per hour for labor, which is standard for this type of work. The Management Division complained that it could hire its own repair workers for $62.00 per hour, including leasing an adequate work area. What is the minimum transfer price per hour that the Repair Division should obtain for its services, assuming it is operating at capacity? A) $28.50.
B) $30.00.
C) $39.00.
D) $48.00.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 18:00

Large public water and sewer companies often become monopolies because they benefit from although the company faces high start-up costs, the firm experiences average production costs as it expands and adds more customers. smaller competitors would experience average costs and would be less

Answers: 1

Answer

Business, 22.06.2019 18:30

Afarmer is an example of what kind of producer?

Answers: 2

Answer

Business, 22.06.2019 20:00

If a hotel has 100 rooms, and each room takes 25 minutes to clean, how many housekeepers working 8-hour shifts does the hotel need at 50 percent occupancy?

Answers: 1

Answer

Business, 22.06.2019 20:30

(30 total points) suppose a firm’s production function is given by q = l1/2*k1/2. the marginal product of labor and the marginal product of capital are given by: mpl = 1/ 2 1/ 2 2l k , and mpk = 1/ 2 1/ 2 2k l . a) (12 points) if the price of labor is w = 48, and the price of capital is r = 12, how much labor and capital should the firm hire in order to minimize the cost of production if the firm wants to produce output q = 18?

Answers: 1

Answer

You know the right answer?

Retro Rides, Incorporated, operates two divisions: (1) a Management Division that owns and manages c...

Questions

Business, 08.07.2020 03:01

The following transactions were completed by Winklevoss Inc., whose fiscal year is the calendar year: Year 1: July 1 Issued $74,000,000 o...

Business, 08.07.2020 03:01

In considering the BP Oil Spill, what circumstances would ethically justify a government or private company in restricting information made available...