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A foundry has a fixed daily cost of Rs 50,000 whenever it operates and a variable cost of Rs 800Q,
where Q is the daily production in tonnes. What is the cost of production in Rs per tonne for a daily
production of 100 tonnes?
 
Important : you should answer only the numeric value
    Correct answer is '1300'. Can you explain this answer?
    Verified Answer
    A foundry has a fixed daily cost of Rs 50,000 whenever it operates and...
    Fixed Cost: 50000Variable Cost: 800X100 = 80000
    Total Cost = 130000
    so, Cost per tonne = (50000+80000)X100 = 130000/100 = 1300
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    A foundry has a fixed daily cost of Rs 50,000 whenever it operates and a variable cost of Rs 800Q,where Q is the daily production in tonnes. What is the cost of production in Rs per tonne for a dailyproduction of 100 tonnes?Important : you should answer only the numeric valueCorrect answer is '1300'. Can you explain this answer?
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    A foundry has a fixed daily cost of Rs 50,000 whenever it operates and a variable cost of Rs 800Q,where Q is the daily production in tonnes. What is the cost of production in Rs per tonne for a dailyproduction of 100 tonnes?Important : you should answer only the numeric valueCorrect answer is '1300'. Can you explain this answer? for GATE 2024 is part of GATE preparation. The Question and answers have been prepared according to the GATE exam syllabus. Information about A foundry has a fixed daily cost of Rs 50,000 whenever it operates and a variable cost of Rs 800Q,where Q is the daily production in tonnes. What is the cost of production in Rs per tonne for a dailyproduction of 100 tonnes?Important : you should answer only the numeric valueCorrect answer is '1300'. Can you explain this answer? covers all topics & solutions for GATE 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A foundry has a fixed daily cost of Rs 50,000 whenever it operates and a variable cost of Rs 800Q,where Q is the daily production in tonnes. What is the cost of production in Rs per tonne for a dailyproduction of 100 tonnes?Important : you should answer only the numeric valueCorrect answer is '1300'. Can you explain this answer?.
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