Quiz 2

Full-time student: Can enroll in 12-18 credit hours for a fee of $1800. Overload credits are charged at $120/credit.

Part-time student: Can enroll in any number of credit hours at $140/ credit.

What is the average cost for a full-time student t0 enroll in 18 credit hours?

• $100

• $102

• $129

• $140

Full-time student: Can enroll in 12-18 credit hours for a fee of $1800. Overload credits are charged at $120/credit.

Part-time student: Can enroll in any number of credit hours at $140/ credit.

What is the average cost for a part-time student to enroll in 20 credit hours?

• $100

• $120

• $140

• $150

A private owned summer camp for youngsters has the following data for a 12 week session:
• Each camper pays to attend the camp: $120 per week
• Fixed costs: $48000
• Variable cost per camper: $80 per week
• Capacity: 200 campers
What is the total number of campers that will allow the camp to just break even?

• 80 campers

• 100 campers

• 120 campers

• 160 campers

Friends invite a college student to travel through Europe over the summer break. The total cost of travel is $3000 for 10 weeks and after checking his bank account he agrees to go with them. It has to be noted that the student already had a summer internship offer that could potentially earn $5000 which he decided to give up for the Europe tour. What will the student's total cost comprise?

• $5,000 cash cost

• $3,000 oportunity cost

• $3,000 cash cost and $5,000 opportunity cost

• $5,000 cash cost and $3,000 opportunity cost

You got offers to sell your car for $6,000. However, you actually sold the car to a friend for $5,500. What is the book value of your car ?

• $6,000

• $5,500

A company decided to landscape a lot of ground and then care for it. Which of the following costs are non-recurring costs the company incur?

• Plant shrubs

• Fertilize shrubs

• 
  Mow grass

• Remove existing vegetation

A contractor gave you a quote to build you a house for $250 per square meter. What’s your cost to build a 200 sq. meter-house?

• $5,000

• $50,000

• $500,000

What is the Power-Sizing Exponent (PSE) that should be published, given the following data: the cost of a VMIC-200 today is $100,000, the cost of a VMIC-100 10 years ago was $45,000, the VMIC equipment index today is 856, and the VMIC equipment index 10 years ago was 604?

• 0.48

• 0.53

• 0.65

• 0.70

What is the time required to produce the 100th unit of a production run if the 1st unit took 32 minutes to produce and the learning-curve rate for production is 80%?

• 7.27 minutes

• 8.19 minutes

• 10.24 minutes

• 12.48 minutes

What was the learning curve rate during production if 200 labor hours were required to produce the 1st unit and 60 labor hours were required to produce the 7th unit?

• 60%

• 65%

• 75%

• 80%