question 34\ngrass valley mining mines three products. gold ore sells for $1,000 per ton, variable costs are…

question 34\ngrass valley mining mines three products. gold ore sells for $1,000 per ton, variable costs are $400 per ton, and fixed mines are $250,000. last year, the segment margin was $(100,000).\nhow many tons of gold ore did grass valley mining sell last year?\na 250 tons\nb 375 tons\nc 1,000 tons\nd 200 tons\nquestion 35\nconnolly company produces two types of lamps, classic and fancy, with unit contribution margins of $13 and $21, respectively. each lamp must spend time on a special machine. the firm owns four machines that together provide 18,000 hours of machine\nlast saved 7:59:26 pm\nquestions filter (50)

question 34\ngrass valley mining mines three products. gold ore sells for $1,000 per ton, variable costs are $400 per ton, and fixed mines are $250,000. last year, the segment margin was $(100,000).\nhow many tons of gold ore did grass valley mining sell last year?\na 250 tons\nb 375 tons\nc 1,000 tons\nd 200 tons\nquestion 35\nconnolly company produces two types of lamps, classic and fancy, with unit contribution margins of $13 and $21, respectively. each lamp must spend time on a special machine. the firm owns four machines that together provide 18,000 hours of machine\nlast saved 7:59:26 pm\nquestions filter (50)

Answer

Explanation:

Step1: Recall segment - margin formula

The segment - margin formula is $Segment\ Margin=(Selling\ Price - Variable\ Cost)\times Quantity - Fixed\ Costs$. Let $Q$ be the quantity of gold ore sold. The selling price per ton is $P = 1000$, the variable cost per ton is $VC=400$, and the fixed costs are $FC = 250000$, and the segment margin is $SM=- 100000$.

Step2: Substitute values into formula

We have $-100000=(1000 - 400)Q-250000$.

Step3: Rearrange the equation

First, add 250000 to both sides of the equation: $-100000 + 250000=600Q$. So, $150000 = 600Q$.

Step4: Solve for $Q$

Divide both sides by 600: $Q=\frac{150000}{600}=250$.

Answer:

A. 250 tons