The Big Beef Restaurant has the following standard for a roat beef dinner:Cooked beefRoasted potatoesSteamed vegetables7 oz8 oz2 ozDinner roll1 rollThe following is the purchase specifications:PurchaseUnit PurchaseLoss inUnit Price Trim & Cooking$ 15.00$ 0.0552$Roast beef15Ib2.0%Potatoes100Ib0.5%0.0%VegetablesDinner rolls0.45Ib6.5050 ea0.300.0%Calculate the standard material cost of this dinner.

Standard Costing - Standard costing is the process of replacing an actual cost in the accounting…

Answered: g Beef Restaurant has the following…

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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Radakrishnan Corporation begins business in 20X5, decides to use LIFO costing, and makes the following purchases in 20X5: Purchase Date Units Purchased February 12 May 4 July 18 September 11 November 1 December 8 Total AO B 600 C 2,300 2,900 2,200 $128,423 4,800 $112,874 1,100 13,900 $122,481 Unit Cost $105,741 $32 $34 $35 $38 $40 $44 Total Cost $19,200 Radakrishnan's 20X5 year-end physical count yields 4,600 units, and its 20X6 physical count yields 3,100 units. What is Radakrishnan's 20X6 ending inventory? When calculating the cost per unit, round the calculated result to two decimal places (for example, $30.10). 78,200 101,500 83,600 192,000 48,400 $522,900
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Activity Levels and Cost Drivers Steve’s Slop Shop, a small hamburger shop, has identified theresources used in its operations (assume each customer’s order is a batch for this example):a. Breadb. Hourly workers that cook hamburgersc. Store rentd. Ground beefe. Catsupf. Advertising for Triple-Burger specialg. Salary for the store managersh. Utilitiesi. $1-off-coupon for each orderj. Bags for each orderRequired1. Classify its costs as unit-level, batch-level, product-level, or facility-level costs.2. Suggest a possible cost driver for each of the above items.
nstructure.com/cou... es... NutritionFacts.org ... JDM a lagging indicator both a leading and a lagging indicator a leading indicator O a nonfinancial metric > Next ▸ Of
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Subway, the fast food restaurant franchise, recently announced it is bringing back the "$5 Footlong" promotion. Hundreds of Subway franchise owners are protesting the promotion, saying that they cannot afford to sell the footlong sub sandwiches for $5. Assume that the costs related to a Subway footlong and a Subway franchisee include the following: Cost per Cost item Details sandwich Food ingredients Per footlong 2$ 2.00 Labor $14.00/hour wage rate, Labor cost per footlong each worker can make 7 2.00 sandwiches per hour Credit card transaction fee 1.0% + $0.10 per transaction 0.15 $360 per month divided by 4,000 0.09 Electricity orders per month Rent $1,200 per month divided by 0.30 Rent 4,000 orders per month Franchise and startup fees $36,000 divided by 180 months 0.05 Franchise fee amortization (15 years) divided by 4,000 orders per month 0.40 Royalty fee 8.0% of sales 0.23 Advertising fee 4.5% of sales $600 per month divided by 4,000 0.15 Equipment leasing cost orders
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g Beef Restaurant has the following standard for a roat beef dinne d beef ed potatoes ed vegetables roll 7 oz 8 oz 2 oz 1 roll llowing is the purchase specifications: D Loss in