dget and Foreca x +empt.php?attempt=2891395&cmid=866300LA fr. A Enduring Word Bibl.My Questions | bart.Financial Aid Student Accounts Resources- Campus StoreWeekly (Feb 21-27)ProjectedActualDifferenceFood Cost$6,971$7,842+$871 (over)Beverage Cost$3,954$4,156+$202 (over)Labor Cost$8,423$9,541+$1,118 (over)Other Costs$7,645$7,645$0 (even)Total Costs$26,993$29,184+$2191 (over)Food Sales$18,565$14,326-$4,239 (under)Beverage Sales$12,872$10,852-$2,020 (under)Total Sales (Revenue)$31,437$25,178$6,259 (under)Total Profit$4,444-$4,006$8.450 (under)Based on the actual results, what adjustments need to be made to Food and Beverage costs?Select one:a. Food and Beverage costs do not need to be adjusted because it will balance out next week.b. Food and Beverage costs need to be reduced by purchasing cheaper products, reducing waste, and/or reducing portion size.O c. Food and Beverage costs need to be increased by purchasing higher quality ingredients.Od. Food and Beverage costs need to be increased by purchasing more products and increasing portion size.ActualDifferenceWeekly (Feb 21-27)Projectednswered+$871 (over)$6.971$7.842Food Costt of 1 001nnondis

Solution:- If the actual costs exceed projected costs, it means the entity has incurred more costs…

Answered: Weekly (Feb 21-27) Projected Actual…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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1. Fruit Tea's data show the following information: Aug. 25,000 31 1.75 Estimated sales (units) Sales price per unit Direct labor per unit unit $ $ Labor rate per hour $ C. Direct materials budget d. Direct labor budget Sept. 25,000 31 $ $ $ 21 $ Nov. Dec. 27,500 28,000 $ $ 31 $ 31 1.75 $ 1.75 $ 1.50 $ 1.50 $ 1.50 1.50 $ 21 $ 24 $ 24 $ 24 Oct. 27,000 31 New machinery will be added in October. This machine will reduce the labor required per unit and increase the labor rate for those employees qualified to operate the machinery. Finished goods inventory is required to be 20% of the next month's requirements. Direct material requires 2.5 pounds per unit at a cost of $5 per pound. The ending inventory required for direct materials is 20% of the next month's needs. In August, the beginning inventory is 3,750 units of finished goods and 13,125 pounds of materials. For the first quarter ending in October prepare a: a. Sales budget b. Production budget 4
Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's Company-owned restaurants had the following sales and expenses (in millions): Sales $40,800 Food and packaging $11,004 Payroll 10,300 Occupancy (rent, depreciation, etc.) 12,376 General, selling, and administrative expenses 5,900 $39,580 Income from operations $1,220 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is McDonald's contribution margin? Round to the nearest million. (Give answer in millions of dollars.)$________ million b. What is McDonald's contribution margin ratio?________% c. How much would income from operations increase if same-store sales increased by $2,400 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the closest million.$_________ million
Bhadu
Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's (MCD) company-owned restaurants had the following sales and expenses (in millions): Sales Food and packaging Payroll Occupancy (rent, depreciation, etc.) General, selling, and administrative expenses $18,700 $(7,497) (4,700) (3,243) (2,700) $(18,140) Operating income Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is McDonald's contribution margin? Round to the nearest million. (Give answer in millions of dollars.) million b. What is McDonald's contribution margin ratio? % $560 c. How much would operating income increase if same-store sales increased by $1,100 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the closest million. million
Financial Aid Student Accounts Resources - Campus Store Saies projeGlions. Weekly (Feb 21-27) Projected Actual Difference Food Cost $6,971 $7,842 +$871 (over) Beverage Cost $3,954 $4,156 +$202 (over) Labor Cost $8,423 $9,541 +$1,118 (over) Other Costs $7,645 $7,645 $0 (even) Total Costs $26,993 $29,184 +$2191 (over) Food Sales $18,565 $14,326 -$4,239 (under) Beverage Sales $12,872 $10,852 -$2,020 (under) Total Sales (Revenue) $31,437 $25,178 $6,259 (under) $4.444 -$4,006 $8,450 (under) Total Profit What were the results of the restaurant's actual revenue, relative to its actual costs? Select one: a. Break-even b. Profit c. Loss en 5 i answered Weekly (Feb 21-27) Projected Actual Difference
Contribution margin and contribution margin ratio For a recent year, McDonald's (MCD) company-owned restaurants had the following sales and expenses (in millions): Sales Food and paper D Payroll and employee benefits Occupancy and other expenses General, selling, and administrative expenses million $19,207.8 $(2,564.2) (2,416.4) (4,357.6) (2,545.6) Operating income Assume that the variable costs consist of food and paper, payroll, 25% of occupancy and other expenses, and 40% of the general, selling, and administrative expenses. a. What is McDonald's contribution margin? Round to the nearest tenth of a million (one decimal place). $(11,883.8) $7,324.0 b. What is McDonald's contribution margin ratio? Round to one decimal place. % million How much would operating income increase if same-store sales lecreased by $800 million for the coming year, with no change in the contribution margin ratio or fixed costs? Re decimal place).
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Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's Company-owned restaurants had the following sales and expenses (in millions): Sales $26,100 Food and packaging $10,150 Payroll 6,600 Occupancy (rent, depreciation, etc.) 4,770 General, selling, and administrative expenses 3,800 $25,320 Income from operations $780 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is McDonald's contribution margin? Round to the nearest million. (Give answer in millions of dollars.) X million b. What is McDonald's contribution margin ratio? X % c. How much would income from operations increase if same-store sales increased by $1,600 million for the coming year, with no change in the contribution margin ratio or fixed costs? Round your answer to the closest million. X million %24
10:20 (Feb 21-27) Food Cost 044 Beverage Cost Labor Cost Other Costs Total Costs Food Sales Beverage Sales Total Sales (Revenue) Total Profit • N Projected $6,971 $3,954 $8,423 $7,645 $26,993 $18,565 $12,872 $31,437 $4,444 56% السم Based on the actual results, what adjustments need to be made to Food and Beverage sales projections for next week? O b. Projections for next week should be increased to make up the difference from this week Actual $7,842 $4, 156 $9,541 $7,645 $29, 184 $14,326 $10,852 $25,178 -$4,006 O a. Projections for next week should be set the same as this week, so we can strive to reach our goals. O d. Projections for next week should be increased because we exceeded our projections this week ||| O O c. Because this week's actual profit (-$4006) came in below our projected profit ($4444), we should reduce next week's Food and Beverage sales projections.
The following information is available from the accounting records of Wisconsin International Inc.. Sales at 65% of Capacity $89,500 Fixed costs $36,950 Variable costs $28,350 Total costs $65,300 Net Income $24,200 a) Compute the break-even point in sales dollars (round off two the nearest cent) $ b) Compute the break-even point as a percent of capacity. (round off two decimal places) %

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