Complete the following problem: Amanda's Auto Center sells an oil change for $39.95. The company has expenses of $12 for Samantha's labor and $22.75 for parts (oil and filter). What is the company's profit on the oil change?
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Complete the following problem:
Amanda's Auto Center sells an oil change for $39.95. The company has expenses of $12 for Samantha's labor and $22.75 for parts (oil and filter). What is the company's profit on the oil change?
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- Wheels N Cogs is a small business that designs gear for a variety clients including those that produce lawnmower equipment. According to the financial profle, the company spends $960k each on rent and utites One of the reasons why the company is so successful is that it can produce gear at a relatively low price ($1.72/gear) and can sell them for $9.34. Based on the information conceming this company, how many gears would Wheels N Cogs need to produce for them to break even? Oa 50,000 per year Ob 125.000 per year Oc 100,000 per year O 75.000 per yearAndal Golf Emporium sells golf balls for $30.95 per dozen. The emporium's overhead expenses are 47% of cost and Christian, the owner, requires a profit of 28% of cost. Do not include the $ sign in your answer(s). Do not include the, to indicate thousands in your answer(s) (a) For how much (per dozen) does Andal Golf Emporium buy the golf balls? (b) What is the break-even price? (C) What is the highest rate of markdown at which the Emporium will break-even on a dozen golf balls? A percentage correct to 2 decimal places. Do not include the % sign in your answer. (d) What is the lowest price the Emporium can charge (per dozen) without making an absolute loss? (e) What is the highest rate of markdown possible without making an absolute loss?If a company had two products: pistachios that can be sold at a profit of $1.00 per unit and oranges that can be sold at a profit of $0.30 per unit why would the company sell both pistachios and oranges instead of only pistachios?
- Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $ 0.01 For example, electricity costs should be $1,100 per month plus $0.08 per car washed. The company expects to wash 8,200 cars in August and to collect an average of $6.60 per car washed. The company actually washed 8.300 cars in August. Fixed Cost Cost per per Month Car Washed $0.40 $ 0.08 $1,100. $ 0.25 $ 4,400 $ 0.40 $ 8,400 Revenue Expenses Required: Calculate the company's activity variances for August Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. $2,000 $1,600 Cleaning supplies Electricity Lavage Rapide Activity Variances For the Month Ended August 31Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses For Actual cars washed Revenue For example, electricity costs should be $1,400 per month plus $0.08 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.00 per car washed. The actual operating results for August are as follows: Lavage Rapide Income statement the Month Ended August 31 Expenses: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses Total expense Net operating income Fixed Cost Cost per per Month Car Washed $ 0.60 $ 1,400 $ 0.08 $ 0.25 $ 4,400 $ 0.30 $ 8,000 $ 2,200 $ 1,700 Cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance 8,400 $ 51,900 Required: Prepare a flexible budget…Diamond Boot Factory normally sells its specialty boots for $30 a pair. An offer to buy 85 boots for $25 per pair was made by an organization hosting a national event in Norfolk. The variable cost per boot is $12, and special stitching will add another $2 per pair to the cost. Determine the differential income or loss per pair of boots from selling to the organization. Should Diamond Boot Factory accept or reject the special offer?
- Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Administrative expenses Rent Actual cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance For example, electricity costs should be $1,300 per month plus $0.10 per car washed. The company expects to wash 8,300 cars in August and to collect an average of $6.90 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended August 31 Wages and salaries Depreciation Rent Fixed Cost Cost per per Month Car Washed $ 0.60 $ 0.10 $ 0.25 $ 0.30 Administrative expenses Total expenses Net operating income $ 1,300 $ 4,300 $ 8,300 $ 2,200 $ 1,800 8,400 $ 59,370 5,480 2,100 $ 0.04 2,315 7,150 8,300 2,400 2,032 29,777 $ 29,593 Required: Prepare a flexible budget performance report for August. Note:…Lavage Rapide owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Cleaning supplies. Electricity Maintenance Rent Wages and salaries. Depreciation Administrative expenses $ 0.02 For example, electricity costs should be $1,400 per month plus $0.08 per car washed. The company expects to wash 8,400 cars in August and to collect an average of $6.20 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed Revenue Expenses: I Cleaning supplies. Electricity Maintenance Wages and salaries Depreciation Fixed Cost per Cost per Month Car Washed $0.60 $1,400 $ 0.08 $4,600 $ 8,300 $ 2,100 $1,500 Rent Administrative expenses Total expenses Net operating income 8,500 $ 54,100 $ 0.15 $ 0.20 5,540 2,042 1,500 6,640 8,300 2,300 1,568 27,890 $26,290 Required: Calculate the company's revenue and spending variances for August.A dairy farmer has found that it costs $1.84 to produce each gallon of milk, and the daily fixed cost to maintain production is $345. If the farmer charges $3.29 per gallon of milk when he sells it to a large grocery store chain, how many gallons of milk does the farmer need to produce and sell to make a daily profit of $479? (Round your answer to the nearest whole number of gallons.) The farmer needs to produce and sell gallons of milk to make a daily profit of $479.
- 1. It costs a publishing company 30,000 dollars to make books. The 30,000 is a fixed cost or a cost that cannot change. To help the publishing company sell the books, a marketing company charges 4 dollars for each book sold. If the company charges 9 dollars per book, how many books should they sell to break even?George is going shopping for a new car to replace his old one. Which of these costs would not be relevant in deciding between cars: O the cost to operate the new vehicles (e.g., miles per gallon for each car) the estimated trade in value of the new vehicles the cost maintenance warranty offered by each dealer the fixed title fee for a new autoDiamond Boot Factory normally sells its specialty boots for $31 a pair. An offer to buy 100 boots for $25 per pair was made by an organization hosting a national event in Norfolk. The variable cost per boot is $11, and special stitching will add another $2 per pair to the cost. Determine the differential income or loss per pair of boots from selling to the organization. Income Should Diamond Boot Factory accept or reject the special offer? Accept the special offer.