The ingredients for your braised greens cost $1.32. You sell it for $4. What is your contribution margin?Select one:a. $3.18b. $4c. 0.31d. $2.68The ingredients foryour skillet brownie cost $1.89. You want your food cost percentage for this item to be 30% or lower. What's the lowprice you can charge? Round to the nearest cent.Select one:a. $5.98b. $6.00c. $6.30d. $5.67The price the product costs after processing is theŞelect one:a. Contribution Margin

Contribution margin = Selling price - variable cost

Answered: The ingredients for your braised greens…

The ingredients for your braised greens cost $1.32. You sell it for $4. What is your contribution margin? Select one: a. $3.18 b. $4 O c. 0.31 O d. $2.68

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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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

Question

The ingredients for your braised greens cost $1.32. You sell it for $4. What is your contribution margin?
Select one:
a. $3.18
b. $4
c. 0.31
d. $2.68
The ingredients foryour skillet brownie cost $1.89. You want your food cost percentage for this item to be 30% or lower. What's the low
price you can charge? Round to the nearest cent.
Select one:
a. $5.98
b. $6.00
c. $6.30
d. $5.67
The price the product costs after processing is the
Şelect one:
a. Contribution Margin

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