Answer :
Contribution margin = sales - variable cost
so in this case,
Contribution margin = $500- 100 = $400
cone? Dairy Days Ice Cream sells ice cream cones for $500 per customer Variable costs are...
Dairy Days Ice Cream sells ice cream cones for $ 6.00per customer. Variable costs are $ 5.00per cone. Fixed costs are $ 2,500 per month. What is Dairy Days' contribution margin ratio? A. 266% B. 17% C. 55% D. 58%
how would i solve this Question Dairy Days loe Cream sells ice cream cones for $3.00 per customer. Variable costs are $2.00 per cone. Fred costs are $2.200 per month. What is Dairy Days' contribution margin per ice cream cone? O A $1.00 OB. $0.33 OC. $3.00 OD. $2.00
i just need the formula and to understand how to do it Dairy Days Ice Cream sells ice cream cones for 55 per customer. Variable costs are 52 per cone. Fixed costs are $2100 per month. What is Dairy Days' contribution margin ratio? O A 57% O B. 202% OC. 80% OD. 350%
how do i solve this Eu Sweet Treats sells ice cream cones for $4.50 per customer Variable costs are $2.50 per cone. Fixed costs are $2.000 per month. What is the company's contribution margin ratio? O A. 2% O B. 55,56% OC. 44.44% OD. 80%
Sweet Treats sells ice cream cones for $4.75 per customer. Variable costs are $125 per cone. Fixed costs are $2,600 per month What is the company's contribution margin ratio? O A. 26.32% O B. 280% O C. 73.68% OD 3.5%
how do i solve this ? Quote Sweet Treats sells ice cream cones for $4.50 per customer. Variable costs are $2.50 per cone. Foed costs are $2.500 per month. What is the company's contribution margin ratio? O A. 2% OB. 55,56% O C. 44.44% OD. 80%
A local ice cream shop sells 10,000 cones of vanilla-flavored ice cream each year. The cones are ordered from an outside supplier and it takes 5 days for each shipment of cones to arrive. Ordering costs are estimated at $15 per order. Carrying costs are $5 per cone per year. Assume that the ice cream shop is open 250 days a year. What is the reorder point (ROP)?
The Vaughn House sells ice cream cones in a variety of flavours. Data for a recent week appear here: Revenue (900 cones at $1.51 each) $1,359 Cost of ingredients 513 Rent 288 Store attendant 495 Income $ 63 The Vaughn House's manager received a call from a university student club, requesting a bid on 100 cones to be picked up in three days. The cones could be produced in advance by the store attendant during slack periods and then stored...
The Old Tyme Ice Cream Shoppe sold 9,600 servings of ice cream during June for $2 per serving. Old Tyme purchases the ice cream in large tubs from the Dream Ice Cream Company. Each tub costs Old Tyme $9 and has enough ice cream to fill 15 ice cream cones. Old Tyme purchases the ice cream cones for $0.05 each from a local warehouse club. The Old Tyme Ice Cream Shoppe is located in a local strip mall, and rent...
Lickety Split sells ice cream cones in a variety of flavours. The following are data for a recent week: Revenue (1,000 cones at $1.75 each) $1,750 Cost of ingredients $640 Rent 500 Store attendant 600 1,740 Pretax income $10 The manager estimates that if she were to increase the price of cones from $1.75 to $1.93 each, weekly volume would be cut to 850 cones due to competition from other nearby ice cream shops. Estimate the profit-maximizing price per cone....