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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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?
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?