Wee Care is a nursery school for pre-kindergarten children. The school has determined that the following biweekly revenues and costs occur at different levels of enrollmentNumber ofStudents EnrolledTotal RevenueTotal Costs:$3,000$2,1004,5002,7004,8002,8006,0003,2006,3003,255The average cost per student when 16 students enroll in the school is1015162021Select one:O a $100.O b.$125,C.$175.O d. $300.Oe. $400.Clear my choiceNext pag

The average cost per student will be the resultant value when the total costs associated with…

Wee Care is a nursery school for pre-kindergarten children. The school has determined that the following biweekly revenues and costs occur Number of Students Enrolled Total Revenue $3,000 4,500 4,800 6,000 6,300 The average cost per student when 16 students enroll in the school is 10 15 16 20 21 Select one: O a $100. O b. $125. c. $175. O d. $300 O $400. Total Costs $2,100 2,700 2,800 3,200 3,255 Clear my choice

Wee Care is a nursery school for pre-kindergarten children. The school has determined that the following biweekly revenues and costs occur Number of Students Enrolled Total Revenue $3,000 4,500 4,800 6,000 6,300 The average cost per student when 16 students enroll in the school is 10 15 16 20 21 Select one: O a $100. O b. $125. c. $175. O d. $300 O $400. Total Costs $2,100 2,700 2,800 3,200 3,255 Clear my choice

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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A 83. Subject:- accounting
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Maria's Food Service provides meals that nonprofit organizations distribute to handicapped and elderly people. The following is her forecasted income statement for April, when she expects to produce and sell 4, 000 meals: Amount Per Unit Sales revenue $ 28,000 $7.00 costs of meals produced 20,000 5.00 Gross Profit $ 8,000 $ 2.00 Administrative costs 3,200 .08 Operating profit $ 4,800 $ 1.20 Fixed costs included in this income statement are $6,400 for meal production and $800 for administrative costs. Maria has received a special request from an organization sponsoring a picnic to raise funds for the Special Olympics. This organization is willing to pay $4.00 per meal for 300 meals on April…
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The Walton Toy Company manufactures four dolls and a sewing kit. It provided the following data for next year: Demand Next Selling Price year (units) per Unit 61,000 $ 20.00 53,000 46,000 Direct Materials $ 5.40 $2.20 $ 8.09 $ 3.10 $ 6.50 $33.50 44,400 $14.00 336,000 $ 9.10 $ 4.30 Product Debbie Trish Sarah Mike Sewing kit The following additional information is available: a. The company's plant has a capacity of 113,140 direct labor-hours per year on a single-shift basis. Each employee and piece of equipment are capable of making all five products. b. Next year's direct labor pa rate will be $9 per hour. c. Fixed manufacturing costs total $630,000 per year. Variable overhead costs are $2 per direct labor-hour. d. All of the company's nonmanufacturing costs are fixed. e. The company's finished goods inventory is negligible and can be ignored. Required: 1. How many direct labor-hours are used to manufacture one unit of each of the company's five products? 2. How much variable overhead…
Sugar Magnolia Company operates a cafeteria for its employees. The number of meals served each week over the last seven weeks, along with the total costs of operating the cafeteria are given below: Meals Served Cafeteria Costs Week 1 1,625 $5,080 Week 2 1,325 $3,980 Week 3 1,550 $4,940 Week 4 1,400 $4,700 Week 5 1,650 $5,100 Week 6 1,800 $5,380 Week 7 1,975 $5,540 Week 8 2,000 $5,640 Assume that the relevant range includes all of the activity levels mentioned in this problem. Using the high-low method: the variable cost per meal served in the cafeteria would be estimated to be: $_____________________________ b.) the estimated fixed cost per week is: $______________________________
a. What impact would accepting this special order have on operating profit? b. From an operating profit perspective for April, should Maria accept the order?
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Fun Foot buys hiking socks for $5 a pair and sells them for $10. Management budgets monthly fixed expenses of $35,000 for sales volumes between 0 and 12,000 pairs. Requirements 1. Use the income statement approach and the shortcut unit contribution margin approach to calculate monthly breakeven sales in units. 2. Use the shortcut contribution margin ratio approach to compute the breakeven point in sales revenue (sales dollars). 3. Calculate the monthly sales level (in units) required to earn a target operating income of $11,000. Use either the income statement approach or the shortcut contribution margin approach. 4. Prepare a graph of Fun Foot's CVP relationships. Draw the sales revenue line, the fixed expense line, and the total expense line. Label the axes, the breakeven point, the operating income area, and the operating loss area. Requirement 1. Use the income statement approach and the shortcut unit contribution margin approach to calculate monthly breakeven sales in units. Let's…
If Anna Cullumber, the company’s president, is successful in increasing sales revenue by 5%, by what percent will the company’s operating income increase?