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Applied Math Project. Revenue/Cost Comparison for Production and Sales. Project Outline and Requirements. You will be in charge of making some unit to be sold. You will determine all fixed costs needed to start production as well as costs per unit of production.
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Applied Math Project Revenue/Cost Comparison for Production and Sales
Project Outline and Requirements • You will be in charge of making some unit to be sold. You will determine all fixed costs needed to start production as well as costs per unit of production. • You will determine from there the unit price to charge in order to generate Revenue for your business • 3 equations will be generated: Revenue function, Cost function, Profit function. • The first two functions will be presented accurately on a graph showing all labels and the break even point. Loss and Profit regions will also be shaded and labeled. • A detailed background of your business and item must be written • Presentation can be power point, very large poster, or card board trifold • You must bring in a finished product or a large picture of one completed.
Product unit parameters • The business shall have a name • The product can be physical or intangible (but if the latter, must be approved) • The graph must be large (at least 24” by 24”) or on a single ppt slide • The graph must show both R and C functions, y axis labels, x axis lables, accurate scale markings, and color enhancements • Due Friday February 1st • If ppt, may be emailed or on Flash drive (must have at least 4 slides) • A detailed paragraph outlining the business name, product details, itemized costs both fixed and per unit production, and finally a statement of how many units must be made/sold in order to break even.
Notebook Contents • 1. Worksheet “Finding Slope and Rate of Change” • 2. P 430 Hw • 3. P. 444 Hw 1-12,51-55 • 4. p. 444 Hw 25 – 41 odds • Notes Section • Notes on Slope • Notes on y = mx+b • Notes on Revenue/Cost