please explain steps on how to solve Chloe's Cafe bakes croissants that it sells to localrestaurants and grocery stores. The average costs to bake the croissants are $0.70 for 3,900and $0.65 for 7,800. Required: If the total cost function for croissants is linear, what will bethe average cost to bake 7,000? (Do not round intermediate calculations. Round your finalanswer to 4 decimal places.)

Direct costs are the expenses that are directly used for the production of goods and services for…

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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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Smelly Feet Co. produces sports socks. The company has fixed costs of $157,000 and variable costs of $0.80. Each package sells for $2.50.(Round your answers to two decimal places when needed and use rounded answers for all future calculations).1. Compute the contribution margin per package and the contribution margin ratio. 2. Find the break-even point in units and in dollars using the contribution margin approach. (Reminder to write answer in whole units).
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2. What revenue would the sale of the breakeven quantity for $5.50 per gallon generate? IceLess is an anti-icing solution sold in gallon plastic jugs. It is poured into the windshield washer bottle of your car. Wash your windshield and the solution prevents the glass from icing over for about four hours. Production incurs the following fixed and variable costs. It is priced initially at $5.50 per gallon. Fixed costs (per year) Variable Costs per gallon Rent: $18000 Glycol: $1.50 Utilities: 13200 FreezeFree 312: .50 Managerial salaries: 20000 Mfg labor: .20 Flammability permit: 12000 Packaging: .20 Other fixed expense: 2400 Inert ingredients: .60 Total fixed: $65600 Advertising: .30 Total: $3.30
Oficina Bonita Company manufactures office furniture. An unfinished desk is produced for $34.75 and sold for $65.75. A finished desk can be sold for $75.50. The additional processing cost to complete the finished desk is $6.45. Prepare a differential analysis. Round your answers to two decimal places. Line Item Description Sell UnfinishedDesks(Alternative 1) Process Further intoFinished Desks(Alternative 2) DifferentialEffects(Alternative 2) Revenues per desk $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 Costs per desk fill in the blank 4 fill in the blank 5 fill in the blank 6 Profit (loss) per desk $fill in the blank 7 $fill in the blank 8 $fill in the blank 9 Should the company sell unfinished desks or process further and sell finished desks?Oficina Bonita Company should .
Annie B's Homemade Ice Cream is an ice cream shop in Asheville, NC. Its owners would like your assistance in classifying some of its costs as direct or indirect depending on the specified cost object. Required: 1. Which of the following costs could be directly traced to specific flavors of ice cream? 2. Which of the following costs could be directly traced to specific mobile sales events, such as selling pre-packaged servings of ice cream at the Cold Mountain Music Festival? 3. Which of the following costs could be directly traced to "mobile sales" as opposed to "in-store sales? Complete this question by entering your answers in the tabs below. Requirement 1 Requirement 2 Requirement 3 Which of the following costs could be directly traced to specific flavors of ice cream? 1. Walk-in freezer depreciation 2 Wages paid to employees scooping ice cream in the store 3. Cost of ingredients used to make ice cream 4. Cost of electricity used to run the batch freezer that makes ice cream 5.…
ficina Bonita Company manufactures office furniture. An unfinished desk is produced for $37.10 and sold for $65.45. A finished desk can be sold for $75.00. The additional processing cost to complete the finished desk is $6.30. Prepare a differential analysis. Round your answers to two decimal places. Differential AnalysisSell Unfinished (Alternative 1) or Process Further into Finished (Alternative 2) Desks Sell UnfinishedDesks(Alternative 1) Process Further intoFinished Desks(Alternative 2) DifferentialEffects(Alternative 2) Revenues per desk $ $ $ Costs per desk Profit (loss) per desk $ $ $ Should the company sell unfinished desks or process further and sell finished desks?Oficina Bonita Company should.
Ocean and Fish is a takeout food store at a popular beachside resort. Tommy Tillett, owner of Ocean and Fish, is deciding how much refrigerator space to devote to each of four different beverages. Appropriate data on the four beverages follow: Limeade Lemonade Ginger Ale Grape Juice Sales price per case $ 22.10 $ 21.00 $ 22.50 $ 45.70 Variable manufacturing costs per case 12.40 13.90 12.30 31.50 Variable selling cost per case 2.00 4.00 4.00 6.00 Cases sold per foot of shelf space per day 26 26 5 4 Ocean and Fish has a maximum 14 feet of front shelf space to devote to the four beverages combined. Tommy wants to use a minimum of two feet and a maximum of seven feet of front shelf space for each beverage. The contribution margin per case for Limeade is:
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Calculate the price per bench to be quoted, using the Finance Manager’s suggested approach of activity based costing

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