Angie's Bake Shop makes birthday chocolate chip cookies that cost $3 each. Angie expects that 12% of the cookies will crack and be discarded. Angie wants a 60% markup on cost and produces 150 cookies. What should Angie price each cookie? Note: Round your answer to the nearest cent. Price per cookie
Q: Arley's Bakery makes fat-free cookies that cost $1.60 each. Arley expects 20% of the cookies to fall…
A: Computation of the total quantity of fat-free cookies are saleable: Quantity produced 175…
Q: A Large pizza at Brismarcks’s pizzeria cost$6.80 plus $0.90 for each topping.The cost of a large…
A: Solution:- In order to find out the number of toppings, the total cost of pizza from both the pizza…
Q: e incentives to customers to buy ham and eggs. Bubble Supermarket offers customers a $3 discount on…
A: Cost Accounting - A company's products, services, and any other activities that involve the company…
Q: Suzanne sells authentic Amish quilts on her website. Suppose Suzanne expects to sell 2,500 quilts…
A: Margin of safety in units is calculated by deducting breakeven sales from total sales units. The…
Q: The Katie's Card Shop sells calendars with different Colonial pictures shown for each month. The…
A: Solution:-The question is about Katie's Card Shop sells calendars with unique colonial images for…
Q: Every day, Fran Chapman of Fran's Flowers makes floral arrangements for sale at the local hospital.…
A: The Newsvendor model is a decision-making model. This model is widely used in the industries of…
Q: Tracy is unsure how much to charge for the cupcakes. When she was making the cupcakes by herself…
A: Product cost are those cost that are directly related in manufacturing the product. It includes raw…
Q: um Yum Bake Shop makes birthday chocolate chip cookies that cost $2.00 each to prepare. It is…
A: Mark Up refers to that amount by which the price of a good or a commodity is increased before it is…
Q: Sharon sells authentic Amish quilts on her website. Suppose Sharon expects to sell 1,600 quilts…
A: Contribution margin per quit = Selling price per quilt - Variable Cost per quilt
Q: John's Smoothie Stand at Utah's Wasatch County's Demolition Derby sells bananas. If John bought 51…
A: Variables in the question:Quantity bought=51 lbsCost per pound=$0.26Expected spoilage=10%Markup…
Q: PSMIR& AIS dass sold holdogs at the festival. They paid a $40 booth fee, as well as $20 for meat,…
A: To calculate the price of the hotdogs, we should sum up all the costs incurred by the class and then…
Q: Lake McDonald Gift Shop has decided to price the games that it sells at cost plus 80%. The National…
A: Selling price = Total cost + Markup where, Markup = Total cost x markup %
Q: You typically buy all of your groceries at Grocery Mart. This week, your favorite cereal is on sale…
A: Whether a personal or for a business decision, the ultimate decision is required to make very wisely…
Q: Leah is selling 6-ft tall christmas trees. The cost of her product is 1,000. She adds 20% to cover…
A: Overhead cost=Product cost×Overhead percentage=1,000×2%=200 Thus, the overhead cost is 200.
Q: It costs $0.45 to produce a serving of lemonade. If you sell the lemonade for $4.50, what is the…
A: Cost Price: The amount paid to purchase an article or the price at which an article is made is known…
Q: Kim works at a sports store and needs to determine the selling price for running shoes. The running…
A: Lets understand the basics.There is slight gap between the term gross margin and mark up. Gross…
Q: At the market, you can buy 8 bags of apples for $36. At the orchard, you can get 10 bags of apples…
A: There are two deals available. We have to find which one is better.
Q: Dekentra sells boxes of note cards imprinted with her sketches of bird life along the South Carolina…
A: It is a case that requires to identify the price that can help Dekentra earn a profit of $2000…
Q: 2. Compute for the selling price for the product Banana Loaf whose total cost is P625.00 which can…
A: Markup is the additional Profits charged over the cost to get the selling Price. Markup = (Selling…
Q: Rochelle goes online to buy a new video game. She finds a site that currently has a promotion of 15%…
A: Company provide discount to increase the sales and customers buy more due to discount.
Q: [The following information applies to the questions displayed below} Mel's Meals 2 Go purchases…
A: Make or buy decision Choosing whether to manufacture a product internally or buy it from a third…
Q: 1. You need 2 % meters of ribbon to make a large bowl and 4 m of the ribbon to make small bowl. How…
A: Raw material means the material purchased and still not enter in to the production lines. Due to…
Q: Arley's Bakery makes fat-free cookies that cost $1.60 each. Arley expects 20% of the cookies to fall…
A: Computation of the total quantity of fat-free cookies are saleable: Quantity produced 175…
Q: Misu Sheet, owner of the Bedspread Shop, knows his customers will pay no more than $145 for a…
A: Mark up are important for business and companies because they can not survive without profit and…
Q: Mary owns a flower shop in Dangwa. She knows that a lot of male customers will buy roses few days…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: You are costing recipe ingredients. How much will the following ingredients cost? A recipe…
A: The production budget is prepared to estimate the number of units to be produced during the period.
Q: Natasha's Flowers, a local florist, purchases fresh flowers each day at the local flower market. The…
A: Here,ParticularsNPV per BunchCost per BunchMax. BunchesProfitability IndexRankingRoses $ 3 $…
Q: The local fruit stand purchases 600 pounds of bananas at $1.49 per pound. They know from experience…
A: Markup is the difference between the cost price and selling price of a product. Markup is generally…
Q: There are 18 candy bars in a box they cost $13.24 for each box. You buy 66 boxes and each time you…
A: To find the profit or the total money one has just simply deduct the expense from the revenue…
Q: Sadie May has decided to start a business where she will sell a single line of high heel shoes.…
A: Breakeven Point: The breakeven point is the level of creation at which the costs of creation are…
Q: Rosemary is planning to make fancy multi-tiered wedding cakes for the next wedding season. To make…
A: The contribution Margin is calculated as difference between sales and variable cost. The break even…
Q: Annie, Kathleen, and Elizabeth are the only sellers of cheesecakes in an isolated village. The table…
A: The data is presented in the form of a table that compares the price of a cheesecake to the quantity…
Q: 1. Yum Yum Bake Shop makes birthday chocolate chip cookies that cost $2.00 each to prepare. It…
A: As mentioned that 8% of cookies is normal loss. So extra cost incurred for 8% is $2*0.08= )= $ 0.16…
Q: What is the number of pizzas you need to sell to break even for the month
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: decided to sell a combination of the t-shirt for $10 with a free hotdog. Donovan buys the…
A: In Franiuk's account for the transaction, Revenue to be recognized should be $10 because the…
Q: Consider a group of students who will be conducting a fund-raising activity by selling cookies. They…
A: Total boxes of cookies made per day = 120 boxes Total hours per day for all 4 students = 40 hours
Q: Columbia Pizza and make a pizza in 10 minutes with the one oven that they have. Their late-night…
A: If 20-minute time constraint: Total Pizza made by Columbia in an hour = 60 minutes / 20 minutes = 4…
Q: Kim works at a sports store and needs to determine the selling price for running shoes. The running…
A: Selling price as per target gross margin=Cost1-Target gross margin Selling price as per…
Q: You are serving 4-ounce portions of roasted cauliflower. You purchase cauliflower by the case that…
A: Cost means the amount incurred to produce any product. Yield means the number of final product…
Q: Melissa buys 16 apples. Each apple cost $2.00 per pound and each apple weighs i pound. a. Find the…
A: Number of apples bought= 16 Cost per pound= $2 Discount= 10% Sales tax= 7 %
Q: Kim works at a sports store and needs to determine the selling price for running shoes. The running…
A: The objective of this question is to calculate the selling price of the running shoes based on the…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
- Sally Sells Seashells by the Seashore. She pays kids $2 a bag for the shells they collect and she sells them for $5 a bag. The bags are 25 cents per piece. She has a stand on the boardwalk that costs her $35 a day and she needs to pay Rehoboth City 5% of sales. She has to get a new sign everyday for $15. Her brother mans the stand from 10 am to 1 pm for a $10 STEAM gift card and her sister takes over at 1 pm for $5 per hour. They close the stand at 9 pm. How many bags of seashells does Sally need to sell to breakeven?A Starbucks and Dunkin' compete for coffee customers on Cooper Street near UTA. Each can sell a large coffee for either $1 or $2 with 60% of the price being profit. It is expected that 2000 large coffees will be bought by UTA students per month at the two coffee shops and 1000 per month by non-students. Students choose the shop with the most inexpensive coffee if possible. If the prices are the same, students are equally likely to choose either coffee shop. Non-students are always equally likely to choose either coffee shop. The goal of the coffee shops is to maximize profit for large coffees (and thereby all coffee, they hope). What are the PROFITS per month for both Starbucks and Dunkin' when Starbucks charges $1 and Dunkin' charges $2? It might be useful to consider these profits as payoffs in a two-person game for the strategies ($1,$2). $1500 for Starbucks, $600 for Dunkin' O $2000 for Starbucks, $1000 for Dunkin' O $2500 for Starbucks, $1000 for Dunkin' $1200 for Starbuck, $600…How many units does Eddie the Entrepreneur need to sell to breakeven in a day? He rents a kiosk in the mall for $300 a day. He creates artworks that cost him $47 each in materials and sells them for $100 each. He pays one of his friends $10 an hour to man the booth and he has to pay mall management 3% of his sales. The mall is open daily from 10 am to 8 pm.
- Javier has a worm business in which he buys night crawlers from younger kids for 4 cents each and sells them for $1.25 per dozen. What is the percent markup on cost, to the nearest tenth of a percent?You are not ready to open a brick-and-mortar bakery but you think you can handle catering. You have received your first 4 orders. Use the following schedule to determine how much of each raw material you need to use for each dozen cupcakes. It takes you 60 minutes to mix, bake, cool, and ice two dozen cupcakes and you pay yourself $15 per hour. You can only cook two dozen cupcakes at one time. You have also determined that your overhead per dozen is $2.75. You charge $17.00 for each dozen. Selling Price per Material Unit size Pounds per dozen Cost per pound $17 Dozen Cupcakes Flour pound pound 0.5 2.50 Butter 0.25 1.00 Sugar pound 0.5 2.00 Eggs dozen 0.17 2.00 gallon gallon pound pound Milk 0.1 0.1 3.00 Vanilla 0.25 6.00 Cocoa Powder 0.25 4.00 Vanilla Icing Chocolate Icing 0.75 1.50 pound 0.75 1.50 Bakery box each 1 0.50 Job #1 Job #2 Job #3 Job #4 Four dozen chocolate cupcakes with chocolate icing One dozen vanilla cupcakes with chocolate icing Three dozen chocolate cupcakes with…Suzanne sells authentic Amish quilts on her website. Suppose ss attached
- Lois is planning to make fancy, multi-tiered wedding cakes for the next wedding season. To make the cakes, she must invest $2900 in some special baking tools. To promote her business, she also needs to spend $6265 to advertise in the newspaper. She estimates that supplies and materials for each cake will cost $690. She is planning to set the price for each cake at $925. (a) Compute the contribution margin. (b) Compute the contribution rate. (c) Compute the break-even point in units. (d) Compute the break-even point in sales dollars. (a) The contribution margin per unit is $ (Type a whole number.) (b) The contribution rate is%. (Round to two decimal places as needed.) (c) The break-even point is cakes. (Round up to the nearest unit.) (d) The break-even point in sales dollars is $. (Type a whole number.)Sara makes wedding cakes from her home. A customer has requested two duplicate wedding cakes: one for the wedding and one to be frozen for their anniversary. The couple has offered $400 for both cakes instead of $500 ($250 each). The cost information to make one cake is shown in the image. What is the cost for the first cake? What cost would not be included in the second cake? What is the cost of the second cake? What would be the total cost of this order if the offer was accepted? How much profit will Sara be recording for this special order? If your company policy is to always have a 15% profit on all order, would you still accept this order? If you would not accept the order, what price would you negotiate?Kate figures that based on her target ROS she will have to sell 20, 500 units of PickleKeeper, a storage unit for cucumbers. Kate sells the product direct to consumers for $0.59 and spends $ 0.29 per unit to manufacture and sell it. With fixed costs of $5,000, her target ROS % must be around 9.5%. (Round your answer to the nearest 50 units when choosing an option from below). Question 1 options: True False
- Tom went to the store and bought two shirts for $50 each, socks for $10 and pants for $30. If the sales tax was 6%, what was the total purchase price? Round to the nearest cent (two decimal places). Your answer will look like this: 50.25 For your answer, do NOT include words, symbols, commas, etc.Please refer to screenshot for question8. Maria, store manager for SportsHaven, does not know how to price a garden tractor that cost the store $349. Maria knows her boss wants a 45% markup on cost. Can you help Maria price the garden tractor? (Round your answer to the nearest cent.)