Which scenario will result in the lowest 6-month average consultant cost percentage?

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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Question
E3
A
2 Month
3 January
February
March
Sales
6-Month average
B
Qfx
$81,000.00
$80,000.00
$88,000.00
$92,000.00
$110,000.00
$108,000.00
5
6 April
7 May
8 June
9
10
11
12
13 $500 Fixed Fee, 2% commission
14 $1000 Fixed Fee, 1% commission
15 $2000 Fixed Fee, 0.5% commission
16
D
200
100
50
E
F
Fixed fee Guest count Variable expenxe Total expense Cost%
500
4800
500
5120
500
5006
500
4960
500
5140
500
5300
G
H
Transcribed Image Text:E3 A 2 Month 3 January February March Sales 6-Month average B Qfx $81,000.00 $80,000.00 $88,000.00 $92,000.00 $110,000.00 $108,000.00 5 6 April 7 May 8 June 9 10 11 12 13 $500 Fixed Fee, 2% commission 14 $1000 Fixed Fee, 1% commission 15 $2000 Fixed Fee, 0.5% commission 16 D 200 100 50 E F Fixed fee Guest count Variable expenxe Total expense Cost% 500 4800 500 5120 500 5006 500 4960 500 5140 500 5300 G H
P
Do Chapter 8 question 2 (Tutti)
Skip question 2a
Create a new column, "Guest Count", 4800, 5120, 5006, 4960, 5140, 5300 for months Jan
Format dollar values to currency and percentage values to percentages
Using Scenario Manager, create a Scenario Summary (worksheet) with the following scen
$500 Fixed Fee, 2% commission
$1000 Fixed Fee, 1% commission
$2000 Fixed Fee, 0.5% commission
Which scenario will result in the lowest 6-month average consultant cost percentage?
Create a Scenario Summary (worksheet) with the following scenarios:
10% increase in Guest Count, $1000 Fixed Fee, 2% commission
10% increase in Guest Count, $2000 Fixed Fee, 1% commission
10% increase in Guest Count, $4000 Fixed Fee, 0.5% commission
Which scenario will result in the lowest 6-month average consultant cost percentage?
R
S
T
U
S
69
000
Transcribed Image Text:P Do Chapter 8 question 2 (Tutti) Skip question 2a Create a new column, "Guest Count", 4800, 5120, 5006, 4960, 5140, 5300 for months Jan Format dollar values to currency and percentage values to percentages Using Scenario Manager, create a Scenario Summary (worksheet) with the following scen $500 Fixed Fee, 2% commission $1000 Fixed Fee, 1% commission $2000 Fixed Fee, 0.5% commission Which scenario will result in the lowest 6-month average consultant cost percentage? Create a Scenario Summary (worksheet) with the following scenarios: 10% increase in Guest Count, $1000 Fixed Fee, 2% commission 10% increase in Guest Count, $2000 Fixed Fee, 1% commission 10% increase in Guest Count, $4000 Fixed Fee, 0.5% commission Which scenario will result in the lowest 6-month average consultant cost percentage? R S T U S 69 000
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