Which donut is giving the most profit on each one sold . On average, which donut brings in the most profit in terms of total dollars ? Sales and ProfitConsider the price and cost data below:Expenses FOR EACHType of donut FlourA JellyB crèmeeggssugarspecial ingredientsSell price per dozen0.150.200.050.1112.000.250.500.200.2514.00C coconut0.250.150.150.2515.00D chocolate0.200.250.350.0310.00 Sales DataNumber of donuts soldType of donutA JellyB crèmeJulAugSepOctNovDec1,0001,5001,2001,6001,8002,0007501,1257201,1201,2601,400Ccoconut1,1001,1551,2131,2731,3371,404D chocolate500450550500550600

When all the expenses incurred for production and sales are deducted from the revenue we get the…

Answered: Which donut is giving the most profit…

Which donut is giving the most profit on each one sold . On average, which donut brings in the most profit in terms of total dollars ?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

HEB grocery How can the contribution margin be used to determine the profitability of HEB grocery company products and how could it be used to make the operations more profitable?
If a company has three lots of products for sale, purchase 1 (earliest) for $17, purchase 2 (middle) for $15, purchase 3 (latest) for $12, which of the following statements is true? A.This is a deflationary cost pattern. B.The next purchase will cost less than $12. C.This is an inflationary cost pattern. D.None of these statements can be verified.
Suppose that the profit (in dollars) from the sale of Kisses and Kreams is given by P(x, y) = 10x + 6.9y-0.001x²-0.045y² where x is the number of pounds of Kisses and y is the number of pounds of Kreams. Find P/ay, and give the approximate rate of change of profit with respect to the number of pounds of Kreams that are sold if 100 pounds of Kisses and 14 pounds of Kreams are currently being sold. (Give an exact answer. Do not round.) What does this mean? If the number of pounds of Kisses is held constant and the number of pounds of Kreams is increased from 14 to 15, the profit will increase by approximately $ Need Help? Read It Watch it
The correlation (r) between the price of a product (x) and average daily sales (y) is –0.95. Complete the following statements: a) The coefficient of determination is b) The coefficient of non-determination is
1. Cost-volume-profit analysis is used for ________. analyzing the effects of changes in costs on profits analyzing the effects of changes in volume on profits determining selling price All of these choices are correct. 2. Contribution margin is the ________. difference between sales and fixed costs difference between sales and total costs difference between sales and variable costs None of these choices are correct.
Compare your answers for the Cost of Goods Sold for the three valuation methods: weighted mean, FIFO, and LIFO. Which method will produce the greatest profit for Sports Haven?
What does it mean to have a Price- earnings ratio that is higher or lower than the norm?
If a company has three lots of products for sale, purchase 1 (earliest) for $17, purchase 2 (middle)for $15, purchase 3 (latest) for $12, which of the following statements is true?A. This is an inflationary cost pattern.B. This is a deflationary cost pattern.C. The next purchase will cost less than $12.D. None of these statements can be verified
What are the three approaches to calculating the sales required to achieve the target profit? Give the formula for each one.
If selling price is $2.08 and cost is $1.60, what is the price/cost ratio?
What can the weighted average contribution margin ratio be used for? Multiple Choice To solve for a measure, at any level of sales volume, of the sensitivity of operating profit to changes in volume. Breakeven and profit planning for sales volume expressed in dollars (Y) rather than units (Q). To calculate an average per-unit contribution margin based on an assumed sales mix. To figure out the relative proportion in which a company’s products (or services) are sold. To determine the extent of fixed costs in an organization’s cost structure.
what is margin of safety as a percentage of sales