ACC202 Test 5

Question 7. Please fill in the blanks

Please provide answer

Accurate answer

Chapter 7, Part 3. Please fill in the blanks in the same format as the question

Liberty Coffee sells three small coffees for every large coffee. A small coffee sells for $3.00, with a variable expense of $1.50. A large coffee sells for $5.00, with a variable expense of $2.50.Requirements1. Determine the coffee shop’s monthly breakeven point in the numbers of small coffees and large coffees. Prove your answer by preparing a summary contribution margin income statement at the breakeven level of sales. Show only two categories of expenses: variable and fixed.2. Compute the coffee shop’s margin of safety in dollars.3. Use the coffee shop’s operating leverage factor (using the July contribution margin income statement) to determine its new operating income if sales volume increases 12%. Prove your results using the contribution margin income statement format. Assume that sales mix remains unchanged.

Sally's Fries sells four large fries for every three small ones. A small fry sells for $2 with a variable cost of $0.75. A large fry sells for $6 with a variable cost of $1.50 What is the weighted average contribution margin?   Question 6 options:   $3.11   $5.46   $9.67   $3.78

What is contribution margin ratio?

Required information Morning Dove Company manufactures one model of birdbath, which is very popular. Morning Dove sells all units it produces each month. The relevant range is 0-1,500 units, and monthly production costs for the production of 1,200 units follow. Morning Dove's utilities and maintenance costs are mixed with the fixed components shown in parentheses. Production Costs Direct materials Direct labor Utilities ($100 fixed) Supervisor's salary. Maintenance ($250 fixed) Depreciation Total Cost $ 2,700 8,100 Suppose it sells each birdbath for $26. Required: 580 3,200 530 750 1. Calculate the unit contribution margin and contribution margin ratio for each birdbath sold. 2. Complete the contribution margin income statement assuming that Morning Dove produces and sells 1,400 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the unit contribution margin and contribution margin ratio for each birdbath sold. (Round Variable cost…

please can you work questions of A up-to D and we can count as 4 questions

The ingredients for your braised greens cost $1.32. You sell it for $4. What is your contribution margin? Select one: a. $3.18 b. $4 c. 0.31 d. $2.68 The ingredients foryour skillet brownie cost $1.89. You want your food cost percentage for this item to be 30% or lower. What's the low price you can charge? Round to the nearest cent. Select one: a. $5.98 b. $6.00 c. $6.30 d. $5.67 The price the product costs after processing is the Şelect one: a. Contribution Margin

The ingredients foryour skillet brownie cost $1.89. You want your food cost percentage for this item to be 30% or lower. What's the low price you can charge? Round to the nearest cent. Select one: a. $5.98 b. $6.00 c. $6.30 O d. $5.67

Cost, Revenue, Profit You decide to begin selling ice cream cones at the local park and swap. Your cost for each ice cream cone is $1.33 plus you have to pay a fixed weekly fee of $240 for the booth. Your plan is to sell each ice cream cone for $2.75. 1. Write an expression to represent your total costs for the week if you sell n ice cream cones. Total Costs: 2. Write an expression to represent the revenue from the sale of n ice cream cones during the week. Revenue: 3. Write an expression that represents the profit for selling n ice cream cones in a given week. Profit: How many ice cream cones must you sell in order to make a positive profit? In order to make a positive profit, you would have to sell Select an answer ice cream cones. ↑

Red Hawk Enterprises sells handmade clocks. Its variable cost per clock is $6.50, and each clock sells for $16.00. Required: Calculate Red Hawk's unit contribution margin. Calculate Red Hawk's contribution margin ratio. Suppose Red Hawk sells 2,050 clocks this year. Calculate the total contribution margin. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Suppose Red Hawk sells 2,050 clocks this year. Calculate the total contribution margin. Note: Round your answers to 2 decimal places.

Fruity Pebbles Apparel sells fruit themed shirts at $58.00 per shirt. It incurs monthly fixed costs of $6000. The contribution margin ratio is calculated to be 10%. What is the variable cost per shirt? (Round any intermediate calculations and your final answer to two decimal places.) O$52.20 per shirt O $63.80 per shirt O $58.00 per shirt O $5.80 pcr shirt Next •Previous

E5-17 (Algo) Determining Cost Behavior, Preparing Contribution Margin Income Statement [LO 5-1, 5-5) Riverside Incorporated makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit Required 1 Required 3 Variable costs Fixed costs 515 $ 72,615 149,300 $ 221,915 Number of Canoes Produced and Sold Total costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $505 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 865 canoes. Complete the contribution margin income statement for the company. Required 4 Total cost per unit 7 7 Complete the table. Note: Round your cost per unit answers to 2 decimal places. $ $ 665 $ 7 515 72,615 149,300 221,915 $ 815 0.00…

Apply mathematical skills around cost structures and appropriate equations to answer the following, inclusive of all associated workings to maximise marks:  A convenience store buys 1-gallon jugs of milk for $2.99 and sells them for $4.29. What is the margin they earn on the milk? Please round your answer to the nearest tenth of a percent.

Muy Bueno Bakery sells its special chocolate cake for $37. The total cost to produce the cake is $25. Of this amount, $5 per unit is selling costs. The total variable cost is $15. The desired profit is $12 per unit. Determine the markup percentage on product cost. a.52% b.60% c.32% d.85%

The Burger Shack sells three cheeseburgers for every two regular hamburgers. A cheeseburger sells for $5.50 with a variable cost of $2.25. A regular hamburger sells for $4.00 with a variable cost of $1.25. What is the weighted average contribution margin per unit?     $3.05     $2.75     $3.25     $3.00

Piedmont Company sells one cell phone for $500. The contribution margin is $300. What is the contribution margin ratio? a. 40% b. 80% c. 60% d. 20% Sir please help me urgently

Calculating Price Using a Markup Percentage of Cost Lake McDonald Gift Shop has decided to price the games that it sells at cost plus 70%. The National Parks Memory Card Game costs $15.00 each, and another one, the Guess This Animal Track Game, costs $2.00 each. Required: 1.  What price will Lake McDonald Gift Shop charge for each National Parks Memory Card Game? If required, round your answer to two decimal places.$fill in the blank 1 2.  What price will Lake McDonald Gift Shop charge for each Guess This Animal Track Game? If required, round your answer to two decimal places.

•Use the following information for the next 3 questions (3, 4 &5). Division X sells organic high-gluten flour to Division Y. Division X incurs costs of $0.4 per pound of flour. Division Y makes loaves of bread that sell for $2 each. Division Y incurs costs of $1.3 per loaf, excluding the cost of the flour. Eachloafofbreaduses0.25poundofflour. Transferpriceissetat$0.6/lb. 3. What is the operating income per pound of flour for Division X? 4. What is the operating income per loaf for Division Y? 5. What is the operating income per loaf for the entire organization?

Assume Annie's Homemade sells one flavor of ice cream in 6-ounce servings and 8-ounce servings. A 6-ounce serving sells for $5 and an 8-ounce serving sells for $6. The variable expense is $1.40 per 6-ounce serving and $1.80 per 8-ounce serving. The monthly fixed expenses are $11,000. The company's most recent monthly contribution format income statement is shown below: Sales Variable expenses Contribution margin Fixed expenses Net operating income 6-Ounce $ 24,000 6,720 $ 17,280 8-Ounce $ 12,000 3,600 $ 8,400 Total $ 36,000 10,320 25,680 11,000 $ 14,680 Required: 1. In the most recent month: a. What is the company's overall contribution margin (CM) ratio? b. What is the company's break-even point in dollar sales? 2. In the most recent month: a. How many 6-ounce servings did the company sell? b. How many 8-ounce servings did the company sell? c. How many total servings did the company sell? 3. Assume next month the total number of servings remains unchanged; however, 50% of the servings…

es A jeans maker is designing a new line of jeans called Slams. Slams will sell for $300 per unit and cost $195.00 per unit in variable costs to make. Fixed costs total $67,500. Note: Round your answers to 2 decimal places. 1. Compute the contribution margin per unit. Contribution margin 2. Compute the contribution margin ratio. Numerator: 7 1 Denominator: 3. Compute income if 6,500 units are produced and sold Income Contribution Margin Ratio Contribution margin ratio 10

please show all work and preferably on paper  Question 2. The marketing manager for Tim Hortons is attempting to price a cup of coffee. She knows that the cost of the coffee is $0.14 per cup, and expenses are 30% of the regular selling price. She would like the coffee to achieve an 88.24% markup on selling price.a) What is the regular selling price for a cup of coffee?b) What is the profit per cup?c) What is the markup on cost percentage?

The ingredients for your braised greens cost $1.32. You sell it for $4. What is your contribution margin? Select one: a. $3.18 b. $4 C. 0.31 d. $2.68

Last month Annie's Homemade sold 5,000 servings of ice cream for $5.00 each. Its variable cost is $1.25 per serving and its total fixed costs were $11,000. Required: 1. What was last month's margin of safety? 2. What was last month's margin of safety percentage? Complete this question by entering your answers in the tabs below. Required 1 Required 2 What was last month's margin of safety? Margin of safety