Xander's Muffins is trying to decide whether or not to continue a particular muffin flavour.The information shown is available for Xander's different muffin ranges. If the range isdropped, the business will still have to pay the direct fixed costs and the allocated commonfixed costs.Raspberry whiteBlueberryBanana walnutchocolateSales volumeSales price500 units500 units500 units$4 per unit$5 per unit$4.50 per unitVariable costs$1.50 per unit$1.75 per unit$1.25 per unitDirect fixed costs1,0001,0001,000Allocated common5001500500fixed costsNet income-250-875125What will be the net profit if the business drops the Raspberry and white chocolate muffins?

The objective of the question is to calculate the net profit of Xander's Muffins if they decide to…

Answered: Xander's Muffins is trying to decide…

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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Pick-Me-Up Company is introducing a new high caffeine coffee in its stores and must decide what price to set for the coffee beans. An estimated demand schedule for the product is as follows: Price 1 Lb. units demanded $4.50 85,600 $6.00 74,500 $7.50 56,000 $9.00 49,100 $10.50 34,800 $12.00 27,100 Estimated costs are as follows: Variable manufacturing costs per unit $1.50 Fixed manufacturing cost per year $38,200 Variable selling & administrative costs per unit $0.50 Fixed selling & administrative costs per year $20,900 Prepare a schedule showing management the total revenue, total cost, and total profit or loss for each selling price.At what price do you recommend Pick-Me-Up Company should choose.
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Xander's Muffins is trying to decide whether or not to continue a particular muffin flavour. The information shown is available for Xander's different muffin ranges. If the range is dropped, the business will still have to pay the direct fixed costs and the allocated common fixed costs. Raspberry white Blueberry Banana walnut chocolate Sales volume Sales price 500 units 500 units 500 units $4 per unit $5 per unit $4.50 per unit Variable costs $1.50 per unit $1.75 per unit $1.25 per unit Direct fixed costs 1,000 1,000 1,000 Allocated common 500 1500 500 fixed costs Net income -250 -875 125 What will be the net profit if the business drops the Raspberry and white chocolate muffins?
The Problem and Questions are all on the picture I would like the No. 1 to 3 questions to be solved as well as the subparts included. Thank you.

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