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: $\begin{array}{|c|c|c|c|c|c|c|c|}\hline 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 \\\hline \begin{array}{c}\text { Output } \\\text { (bags) }\end{array} & \text { FC } & \text { VC } & \begin{array}{c}\text { TC } \\\text { (FC+VC) }\end{array} & \mathrm{MC} & \begin{array}{c}\text { AFC } \\\text { (FC/Q) }\end{array} & \begin{array}{c}\text { AVC } \\\text { (VC/Q) }\end{array} & \begin{array}{c}\text { ATC } \\\text { (TC/Q) }\end{array} \\\hline 1 & \$ 50 & \$ 86 & & & & & \\\hline 2 & 50 & 96 & & & & & \\\hline 3 & 50 & 100 & & & & & \\\hline 4 & 50 & 106 & & & & & \\\hline 5 & 50 & 120 & & & & & \\\hline 6 & 50 & 147 & & & & & \\\hline 7 & 50 & 182 & & & & & \\\hline 8 & 50 & 230 & & & & & \\\hline 9 & 50 & 290 & & & & & \\\hline 10 & 50 & 360 & & & & & \\\hline 11 & 50 & 440 & & & & & \\\hline\end{array}$