Jaycee estimates that the repairs to a Cadillac Escalade damaged in an accident will take 45 hours of labor and $3,500 in parts and materials. Labor rate charge per hour is $47 and the material loading percentage is 65%. The total cost of the repairs is

Jaycee estimates that the repairs to a Cadillac Escalade damaged in an accident will take 45 hours of labor and $3,500 in parts and materials. Labor rate charge per hour is $47 and the material loading percentage is 65%. The total cost of the repairs is

Marketing

20th Edition

ISBN:9780357033791

Author:Pride, William M

Publisher:Pride, William M

Chapter19: Pricing Concepts

Section: Chapter Questions

Problem 6DRQ

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The owner of Old-Fashioned Berry Pies, S. Simon, is contemplating adding a new line of pies, which will require leasing new equipment for a monthly payment of $6,000. Variable costs would be $2 per pie, and pies would retail for $7 each. a. How many pies must be sold in order to break even? b. What would the profit (loss) be if 1,000 pies are made and sold in a month? How many pies must be sold to realize a profit of $4,000? С. d. If 2,000 can be sold, and a profit target is $5,000, what price should be charged per pie? 5-30
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The owner of Old-Fashioned Berry Pies, S. Simon, is contemplating adding a new line ofpies, which will require leasing new equipment for a monthly payment of $6,000. Variablecosts would be $2 per pie, and pies would retail for $7 each.a. How many pies must be sold in order to break even?b. What would the profit (loss) be if 1,000 pies are made and sold in a month?c. How many pies must be sold to realize a profit of $4,000?d. If 2,000 can be sold, and a profit target is $5,000, what price should be charged per pie?
someone help me to calculate this pls?
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Talib must decide whether to have one or two machines for tailoring. One machine will mean a fixed cost of $6000 a month, and the two machines will mean a fixed cost of $10,500 a month. Variable costs involved are $3 per piece, and revenue will be $5.95 per piece. a. If the first month demand is 5000 pieces, how much will the profit be from using each of the options- (i) one machine; (ii) two machines. b. Talib projects an average demand of between 14 to 18 pieces per hour. Each machine can process 15 pieces an hour. Would you recommend one or two machines to Talib? Justify your answer. ***
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