It costs a company $35,000 to produce 700 graphing calculators. the company’s cost will be $35,070 if it produces an additional graphing calculator. the company is currently producing 700 graphing calculators.

(i) what is the company’s average cost?

(ii) what is the company’s marginal cost?

(iii) a customer is willing to pay $60 for the 701th calculator. should the company produce and sell it? explain.

Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.