Work Sample 1: Calculate the profit for this order Item: 3 chairs Price (paid by customer) $2495 per chair Customer discount = 5% Our costs Cost per chair = $1950 Credit card fee = 3% of total customer payment
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![Work Sample 1: Calculate the profit for this order
Item: 3 chairs
Price (paid by customer)
$2495 per chair
Customer discount = 5%
Our costs
Cost per chair = $1950
Credit card fee = 3% of total customer payment](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F03237d7f-fdce-47b8-a8a2-758f3f9c36f5%2Fcb8ba11f-9e4d-44f7-9422-3117fa4b694b%2Fuosn3xo_processed.png&w=3840&q=75)
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- The total purchase related cost is RO 50,000. The number of purchase orders placed is 80. The Activity cost driver rate is: a. RO 650 per order b. RO 525 per order c. RO 550 per order d. RO 625 per orderPrice per 2-scoop sundae $ 5.00 Variable cost per sundae: Ingredients 1.35 Direct labor 0.45 Overhead 0.20 Fixed cost per month $ 8,400 c. Variable costs increase by $0.50 per sundae. 4. Based on the original information, how many sundaes must Izzy sell to generate a profit of $46,000, if sales price increases by $0.50 and variable costs increase by $0.30?What is the average CM $ (per menu item) of a menu with a total food cost of $40,000, check average of $14.68, and guest count of 5,285? $7.11 $7.57 $8.97 $8.50
- Joe's Coffee House Joe's Coffee House has the following information available for the month of July: Sales (2,500 cups) $7,500 Variable costs $3,250 Fixed costs $4,000 Net Income $250 If Joe's sells 500 more cups of coffee per month, net income will: a.increase by $850 b.increase by $150 c.increase by $1,500 d.increase by $100Fresh Paper Delivery has decided to analyze the profitability of five new customers. It buys recycled paper at $ 11 per case and sells to retail customers at a list price of $14.70 per case. Data pertaining to the five customers are: Customer 1 2 3 4 5 Cases sold 2,050 8,840 61,800 34,100 2,700 List selling price $14.70 $14.70 $14.70 $14.70 $14.70 Actual selling price $14.70 $14.50 $12.80 $14.18 $13.20 Number of purchase orders 16 22 39 31 34 Number of customer visits 3 2 7 4 4 Number of deliveries 18 32 69 40 34 Miles traveled per delivery 17 7 10 11 44 Number of expedited deliveries 0 0 0 0 3 pop-up content ends ctivity Cost Driver Rate Order taking $200 per purchase order Customer visits $50 per customer visit Deliveries $2 per delivery mile traveled Product handling $0.50 per case sold Expedited deliveries $310 per expedited…QUESTION 1.3 HOW MANY CAKES TO GENERATE $1,100 PROFIT Please explain how many cakes would need to be sold to generage a profit of $1,100 based on the information below. Price per cake $14.71 Variable Costs Ingredients $2.25 Direct Labor $1.02 Overhead $.2 Fixed Cost per month $4,476
- mework Assignment i Save & Exit Submit Saved Help Check my work Assume that Ocean King Products sells three varieties of canned seafood with the following prices and costs. Selling Price per Case $ 3 Variable Cost Fixed Cost per Case $2 per Month Variety 1 Variety 2 Variety 3 5 3 10 6. Entire firm $46,200 The sales mix (in cases) is 40 percent Variety 1, 35 percent Variety 2, and 25 percent Variety 3. Required: a. At what sales revenue per month does the company break even? b. Suppose the company is subject to a 35 percent tax rate on income. At what sales revenue per month will the company earn $40,950 after taxes assuming the same sales mix?Match the descriptions 1 through 5 with labels a through e on the CVP chart. Dollars $25,000 $20,000 $15,000 $10,000 $5,000 $0 1. Break-even point 2. Total sales line 3. Loss area 4. Profit area 5. Total costs line (b) 200 400 600 (c) (d) (a) (e) 800 1,000 1,200 1,400 1,600 1,800 2,000 2,200 2,400 Units produced and soldNEED ANSWER FOR ALL OR SKIP PLEASE DO NOT SAY ABOUT YOUR GUIDELINES PROVIDE COMPLETE CORRECT WELL EXPLAINED FORMULATED ANSWER FOR ALL PARTS Disk City, Inc., is a retailer for digital video disks. The projected net income for the current year is $2,370,000 based on a sales volume of 270,000 video disks. Disk City has been selling the disks for $17 each. The variable costs consist of the $4 unit purchase price of the disks and a handling cost of $2 per disk. Disk City’s annual fixed costs are $600,000.Management is planning for the coming year, when it expects that the unit purchase price of the video disks will increase 20 percent. (Ignore income taxes.)Required:1. Calculate Disk City’s break-even point for the current year in number of video disks. (Round your final answer up to nearest whole number.)2. What will be the company’s net income for the current year if there is a 15 percent increase in projected unit sales volume?3. What volume of sales (in dollars) must Disk City achieve…
- A retailer buys an alarm set for RM 850. Operating expenses are 5 % based on cost. The retailer wants a 30% net profit based on the selling price. Find a) the breakeven selling price. b) the retail price. c) the gross profit.Question 14 The Cook's Paradise paid $67 for a kitchen knife set. Expenses are 15% of cost and the profit is 17% of cost. Round the answers to the nearest cent if necessary. 1) What is the regular selling price? 2) To help clear inventory, the knife set was sold at break-even during a sale. What is the break-even selling price? > Next QuestionRestate the following income statement for a retailer in contribution format. Sales revenue ($100 per unit) $ 70,000 Less cost of goods sold ($58 per unit) 40,600 Gross margin 29,400 Less operating costs: Commissions expense ($6 per unit) $ 4,200 Salaries expense 7,900 Advertising expense 5,900 Shipping expense ($1 per unit) 700 18,700 Operating income $ 10,700 Per Unit select an income statement item $enter a dollar amount $enter a dollar amount select an opening name for section one : select an income statement item $enter a dollar amount enter a dollar amount select an income statement item…
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