OF BATANGASDAY 2 to DAY 3b. What's InActivity 3Directions: Complete the following table:MU SPCOSTSELLINGMARK UPMUPRICEPhP 25PhP 30PhP 48PhP 52PhP 350PhP 500PhP 280PhP 320PhP 390PhP 410MY SCORE:

Mark up refers to the amount that is charged by the supplier or retailer above the cost from the…

Answered: DAY 2 to DAY 3 b. What's In Activity 3…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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QUESTION 1.3 HOW MANY CAKES TO GENERATE $1,100 PROFIT Please explain how many cakes would need to be sold to generage a profit of $1,100 based on the information below. Price per cake $14.71 Variable Costs Ingredients $2.25 Direct Labor $1.02 Overhead $.2 Fixed Cost per month $4,476
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mework Assignment i Save & Exit Submit Saved Help Check my work Assume that Ocean King Products sells three varieties of canned seafood with the following prices and costs. Selling Price per Case $ 3 Variable Cost Fixed Cost per Case $2 per Month Variety 1 Variety 2 Variety 3 5 3 10 6. Entire firm $46,200 The sales mix (in cases) is 40 percent Variety 1, 35 percent Variety 2, and 25 percent Variety 3. Required: a. At what sales revenue per month does the company break even? b. Suppose the company is subject to a 35 percent tax rate on income. At what sales revenue per month will the company earn $40,950 after taxes assuming the same sales mix?
Question Completion Status: QUESTION 7 Using the following information, calculate the monthly net profit Sales for the month Food costs 73,904 25% of Sales Labor costs 45% of Sales Rent and Insurance $1500/month Supplies $2217/month Other expenses $3791/month OA. $51,733 O B. $22,171 O C. $7508 OD. $14,663 QUESTION 8 Calculate the profit margin from the last problem O A. 17.5% OB. 19.84% OC. 18.29% Click Save and Submit to save and submit. Click Save All Answers to save all answers OD.22.22%
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DAY 2 to DAY 3 b. What's In Activity 3 Directions: Complete the following table: MU COST SELLING MARK UP MU cost PRICE PhP 25 PhP 30 PhP 48 PhP 52 PhP 350 PhP 500 PhP 280 PhP 320 PhP 390 PhP 410 MY SCC