Homework Answers
2. Contribution Margin from 180 guests
| Revenue | $ 5,580 | ||
| Less Variable Costs | |||
| Foods and Beverages | $ 2,700 | =180*15 | |
| Labor | $ 900 | =180*5 | |
| Overhead | $ 356 | =180*0.5*3.95 | |
| Total Variable Costs | $ 3,956 | ||
| Contribution Margin | $ 1,625 |
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Additional Information for the questions below: Maria is not comfortable with the estimate of overhead cost....
answer questions 3&4 only additional information Questions 3 & 4 ↩️ CASE 2A-12 Analysis of Mixed...
answer questions 3&4 only
additional information
Questions 3 & 4 ↩️
CASE 2A-12 Analysis of Mixed Costs in a Pricing Decision 02-11 Maria Chavez owns a catering company that serves food and beverages at parties and business functions. Chavez's business is seasonal, with a heavy schedule during the summer months and holidays and a lighter schedule at other times. One of the major events Chavez's customers request is a cocktail party. She offers a standard cocktail party and has estimated...
prepare a scattergraph Case 2A-12 Requirements (these are different from the textbook) Prepare a rough scattergraph...
prepare a scattergraph
Case 2A-12 Requirements (these are different from the textbook) Prepare a rough scattergraph plot on note paper that puts labor-hours on the X-axis and overhead expenses on the Y-axis. This is for your review only. Do Not Include in Your Post. 1. What insights and trends are revealed by your scattergraph in this case? Be specific. CASE 2A-12 Analysis of Mixed Costs in a Pricing Decision LO2-11 Maria Chavez owns a catering company that serves food and...
Questions 5 & 6 additional information 5. The individual who is organizing the charity's fundraising event...
Questions 5 & 6
additional information
5. The individual who is organizing the charity's fundraising event has indicated that he has already received a bid just under $30 from another catering company. Do you think Chavez should bid below her normal $31 per guest price for the charity event? Why or why not? 6. If a lower price is considered what would be one advantage and one disadvantage of such a decision? CASE 2A-12 Analysis of Mixed Costs in a...
Required information The following information applies to the questions displayed below.) Maria Chavez owns a c...
Required information The following information applies to the questions displayed below.) Maria Chavez owns a catering company that serves food and beverages at parties and business functions. Chavez's business is seasonal, with a heavy schedule during the summer months and holidays and a lighter schedule at other times. One of the major events Chavez's customers request is a cocktail party. She offers a standard cocktail party and has estimated the cost per guest as follows: Food and beverages Labor (0.5...
Required information The following information applies to the questions displayed below.) Maria Chavez owns a catering...
Required information The following information applies to the questions displayed below.) Maria Chavez owns a catering company that serves food and beverages at parties and business functions. Chavez's business is seasonal with a heavy schedule during the summer months and holidays and a lighter schedule at other times. One of the major events Chavez's customers request is a cocktail party. She offers a standard cocktail party and has estimated the cost per guest as follows: Food and beverages Labor (0.5...
Maria Chavez owns a catering company that serves food and beverages at parties and business functions....
Maria Chavez owns a catering company that serves food and beverages at parties and business functions. Chavez’s business is seasonal, with a heavy schedule during the summer months and holidays and a lighter schedule at other times. One of the major events Chavez’s customers request is a cocktail party. She offers a standard cocktail party and has estimated the cost per guest as follows: Food and beverages $ 17.00 Labor (0.5 hour @ $11.00 /hr.) 5.50 Overhead (0.5 hour @...
i been trying a lot but i dont know how to calculate Maria Chavez owns a...
i been trying a lot but i dont know how to
calculate
Maria Chavez owns a catering company that serves food and beverages at parties and business functions. Chavez's business is seasonal, with a heavy schedule during the summer months and holidays and a lighter schedule at other times. One of the major events Chavez's customers request is a cocktail party. She offers a standard cocktail party and has estimated the cost per guest as follows: Food and beverages Labor...
Unformatted Excel Assignment Cost Behavior (30 points) Benny Bear owns a catering company that se...
Unformatted Excel Assignment Cost Behavior (30 points) Benny Bear owns a catering company that serves food and beverages at exclusive parties and business functions. Benny's business is seasonal, with a heavy schedule during the summer months and holidays and a lighter schedule at other times One of the major events that Benny's customers request is a cocktail party. He offers a standard cocktail party and has estimated the cost per guest for this party as follows Food and beverages Labor...
Check my work 1 One of the major events Rand's customers request is a cocktail party....
Check my work 1 One of the major events Rand's customers request is a cocktail party. She offers a standard cocktail party and has developed the following cost structure on a per-person basis. 2.5 points Food and beverages Labor (0.7 hr. @ $11 per hour) Overhead (0.7 hr. @ $13 per hour) Total cost per person $13.00 7.70 9.10 $29.80 eBook References When bidding on cocktail parties, Rand adds a 10 percent markup to this cost structure as a profit...
Dana Rand owns a catering company that prepares banquets and parties for both individual and business...
Dana Rand owns a catering company that prepares banquets and parties for both individual and business functions throughout the year. Rand's business is seasonal, with a heavy schedule during the summer months and the year-end holidays and a light schedule at other times. During peak periods, there are extra costs; however, even during nonpeak periods Rand must work more to cover her expenses. One of the major events Rand's customers request is a cocktail party. She offers a standard cocktail...
answer questions 3&4 only
additional information
Questions 3 & 4 ↩️
CASE 2A-12 Analysis of Mixed Costs in a Pricing Decision 02-11 Maria Chavez owns a catering company that serves food and beverages at parties and business functions. Chavez's business is seasonal, with a heavy schedule during the summer months and holidays and a lighter schedule at other times. One of the major events Chavez's customers request is a cocktail party. She offers a standard cocktail party and has estimated...
prepare a scattergraph
Case 2A-12 Requirements (these are different from the textbook) Prepare a rough scattergraph plot on note paper that puts labor-hours on the X-axis and overhead expenses on the Y-axis. This is for your review only. Do Not Include in Your Post. 1. What insights and trends are revealed by your scattergraph in this case? Be specific. CASE 2A-12 Analysis of Mixed Costs in a Pricing Decision LO2-11 Maria Chavez owns a catering company that serves food and...
Questions 5 & 6
additional information
5. The individual who is organizing the charity's fundraising event has indicated that he has already received a bid just under $30 from another catering company. Do you think Chavez should bid below her normal $31 per guest price for the charity event? Why or why not? 6. If a lower price is considered what would be one advantage and one disadvantage of such a decision? CASE 2A-12 Analysis of Mixed Costs in a...
Required information The following information applies to the questions displayed below.) Maria Chavez owns a catering company that serves food and beverages at parties and business functions. Chavez's business is seasonal, with a heavy schedule during the summer months and holidays and a lighter schedule at other times. One of the major events Chavez's customers request is a cocktail party. She offers a standard cocktail party and has estimated the cost per guest as follows: Food and beverages Labor (0.5...
Required information The following information applies to the questions displayed below.) Maria Chavez owns a catering company that serves food and beverages at parties and business functions. Chavez's business is seasonal with a heavy schedule during the summer months and holidays and a lighter schedule at other times. One of the major events Chavez's customers request is a cocktail party. She offers a standard cocktail party and has estimated the cost per guest as follows: Food and beverages Labor (0.5...
i been trying a lot but i dont know how to
calculate
Maria Chavez owns a catering company that serves food and beverages at parties and business functions. Chavez's business is seasonal, with a heavy schedule during the summer months and holidays and a lighter schedule at other times. One of the major events Chavez's customers request is a cocktail party. She offers a standard cocktail party and has estimated the cost per guest as follows: Food and beverages Labor...
Unformatted Excel Assignment Cost Behavior (30 points) Benny Bear owns a catering company that serves food and beverages at exclusive parties and business functions. Benny's business is seasonal, with a heavy schedule during the summer months and holidays and a lighter schedule at other times One of the major events that Benny's customers request is a cocktail party. He offers a standard cocktail party and has estimated the cost per guest for this party as follows Food and beverages Labor...
Check my work 1 One of the major events Rand's customers request is a cocktail party. She offers a standard cocktail party and has developed the following cost structure on a per-person basis. 2.5 points Food and beverages Labor (0.7 hr. @ $11 per hour) Overhead (0.7 hr. @ $13 per hour) Total cost per person $13.00 7.70 9.10 $29.80 eBook References When bidding on cocktail parties, Rand adds a 10 percent markup to this cost structure as a profit...
Dana Rand owns a catering company that prepares banquets and parties for both individual and business functions throughout the year. Rand's business is seasonal, with a heavy schedule during the summer months and the year-end holidays and a light schedule at other times. During peak periods, there are extra costs; however, even during nonpeak periods Rand must work more to cover her expenses. One of the major events Rand's customers request is a cocktail party. She offers a standard cocktail...
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