Mark rents a stall in the public market for ₱5,000.00 a month. He has a helper who helps in his business and he pays him a salary of ₱8,000 a month. He orders fresh chicken from a supplier that costs him ₱140.00 per kilo. He sells the chicken to his customers at ₱160.00 per kilo. How you will illustrate the variable cost (VC) when x be the number kilos of chicken sold?

Q: José Ruiz starts a company that makes handcrafted birdhouses. Competitors sell a similar birdhouse…

A: SELLING PRICE : = TOTAL COST + MARKUP

Q: Requirement 1. Determine the number of tubs Marcus must sell per show to break even. Begin by…

A: Break-even point refers to a point at which the company earns neither profit nor deficit. If the…

Q: Let's say you spend $10,125 to open up a pie store. The retail price of pies is $13, and each pie…

A: Fixed costs = $10,125Sales price = $13Variable cost = $3

Q: The owner of a widget factory finds that the he can sell x widgets in a month if he 3 charges a…

A: The revenue is the total amount to be received by the firm by selling goods at a particular price.…

Q: You own and manage a yard care business in which you charge $50 per visit to care for each yard…

A: Break-even point is the point wherein revenues equals expenses or contribution equals fixed costs.…

Q: a retailer wants to add a line of bike carriers to his sports department and plans to sell one model…

A: Profit =selling price - cost price Profit markup % = profit /selling price *100

Q: A buyer plans to sell a certain group of shirts in his store for $24 each. He needs to achieve a 45%…

A: The cost of shirt can be calculated as the difference of selling price and the markup amount.

Q: Juniper Enterprises sells handmade clocks. Its variable cost per clock is $6, and each clock sells…

A: Cost volume profit analysis is the technique used by the management for decision-making. These…

Q: Suppose you make a beautiful coffee table out of Jupiter trees. Your materials costhe materials cost…

A: Material cost is the cost of producing or purchasing the material to make the final product. Labor…

Q: Arthur crafts miniature chocolate dollhouses which he sells for $28 each. Arthur has calculated the…

A: Contribution margin = Selling price - Variable Cost  = $28 - $12 = $16 Contribution margin ratio  =…

Q: Hi, how do i solve #3?

A: FORMULAS

Q: Ray Smith, a gift basket retailer, has stores in three shopping centres. The average selling price…

A: Break even sales is a point in total sales or the total amount of sales at which a company earns no…

Q: axine's Pumps (MP) sells bilge pumps for $250 each. Each pump cost $100 to produce and MP's fixed…

A: Break-even point is the level of sales at which, sale revenue is equal to the fixed and variable…

Q: A manufacturer can sell a certain health supplement for P1,100 per unit. Its total cost consists of…

A: a) Break-even units: = Fixed cost/contribution per unit = Php75,000/ (Php1100 - Php440 per unit) =…

Q: At Bed Bath and Beyond, the manager, Jill Roe, knows her customers will pay no more than $300 for a…

A: Selling Price = s = $300Markup Rate = r = 35%

Q: After three years in the cake shop business, Gloria has decided she can now afford to advertise. An…

A: Breakeven is the point at which an entity is in a situation of no profit and no loss. At this point,…

Q: Yaad Peanut is a company in Jamaica. They produce peanut butter. Each jar sells for $800. the…

A: The break-even point is the point where the revenues are equal to the cost. There is no profit or…

Q: Matt wrote a book and wants to sell it for $24.95 per copy. He estimated that he will need to sell…

A: Break-even analysis is the easiest form of cost-volume-profit analysis. Break-even analysis is used…

Q: Harrison Company initially records all prepaid expenses as expenses and all unearned revenues as…

A: Adjusting entries are those journal entries which are passed at the end of accounting period. The…

Q: College Pizza delivers pizzas to the dormitories and apartments near a major state university. The…

A: The break - even sales are the sales where business earn no profit or loss during the period. The…

Q: Carondelet Coffee has begun making and selling pastries. The fixed costs of making the pastry are…

A: Contribution margin per pastry = sales price - variable costs = $3 - $0.75 = $2.25

Q: It costs a coat manufacturer $8750 to make 125 coats and it costs $6500 to make 80 coats.  Each coat…

A: Sales are the revenues generated by the business from its day to day operations. The sales revenue…

Q: Am.104.

A: To find the markup percentage of the wholesaler, we calculate the difference between the selling…

Q: CVP Drill #6 Shultz Company sells slides for $400 each. If the company's fixed costs total $300,000,…

A: The breakeven units represent the units to be sold to recover the total cost. When a company sells…

Q: You own and manage a yard care business in which you charge $50 per visit to care for each yard…

A: Revenue per visit to care for each yard $ 50.00 Less: Variable cost  per visit to care for each…

Q: Joey Bag-o-donuts owns an ice cream shop.  Looking at last year's utility bills, the highest utility…

A: Definition:   High-low method: It is a method of estimating the variable cost per unit and the fixed…

Q: Lisa is considering upgrading the breakfast service to attract more business and increase prices.…

A: Given information:- Additional food cost per person per night = $14- Increase in room rate per…

Q: Old MacDonald produces hay. He has a single employee, Jack. If Jack works for x hours he can produce…

A: As per the Q&A guidelines, if multiple subparts are asked at once then the answer for the first…

Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.