Congratulations! You Have Just Been Promoted to a New Position

Essay

Congratulations! You have just been promoted to a new position at the Tootsie Roll Company. In your new position, you have been asked by the accounting department to provide them with some cost data. The basis for your report is a table that was begun by your predecessor. Your task is to fill in the missing values in the table below: $\begin{array}{|c|c|c|c|c|c|c|c|}\hline 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 \\\hline \begin{array}{c}\text { Output } \\\text { (bags) }\end{array} & \mathrm{FC} & \mathrm{VC} & \begin{array}{c}\mathrm{TC} \\\text { (FC+VC) }\end{array} & \mathrm{MC} & \begin{array}{c}\text { AFC } \\(\mathrm{FC} / \mathrm{Q})\end{array} & \begin{array}{c}\text { AVC } \\(\mathrm{VC} / \mathrm{Q})\end{array} & \begin{array}{c}\text { ATC } \\\text { (TC/Q) }\end{array} \\\hline 1 & \$ 50 & \$ 86 & & & & & \\\hline 2 & 50 & 96 & & & & & \\\hline 3 & 50 & 100 & & & & & \\\hline 4 & 50 & 106 & & & & & \\\hline 5 & 50 & 120 & & & & & \\\hline 6 & 50 & 147 & & & & & \\\hline 7 & 50 & 182 & & & & & \\\hline 8 & 50 & 230 & & & & & \\\hline 9 & 50 & 290 & & & & & \\\hline 10 & 50 & 360 & & & & & \\\hline 11 & 50 & 440 & & & & & \\\hline\end{array}$