Homework Answers
Total Variable cost = Food and Packaging +Payroll+ 40%of General and Administrative Expenses
Total Variable Expenses =4,896.90+4,134.2+(40%*2,384.50) = $9984.90
- Contibribution Margin = Sales -Variable expenses = 15,295.00-9,984.90 = $5,310.1 (Answer)
- Contibution Margin Ratio = 5,324.50 / 15,295 = 34.7%(Answer)
- Increase in Operating income = 800*34.8% =$ 277.7 (or) $277.8(Answer)
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Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's (MCD company-owned restaurants had the...
For a recent year, McDonald's (MCD) company-owned restaurants had the following sales and expenses (in millions):...
For a recent year, McDonald's (MCD) company-owned restaurants had the following sales and expenses (in millions): Sales $15,295.0 Food and packaging $(4,896.9) Payroll (4,134.2) Occupancy (rent, depreciation, etc.) (3,667.7) General, selling, and administrative expenses (2,384.5) $(15,083.3) Operating income $211.7 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is McDonald's contribution margin? Round to the nearest tenth of a million (one decimal place). $ x million b....
Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's (MCD) company-owned restaurants had the...
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Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's (MCD) company-owned restaurants had the...
Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's (MCD) company-owned restaurants had the following sales and expenses (in millions): Sales $37,200 Food and packaging $(16,340) Payroll (9,400) Occupancy (rent, depreciation, etc.) (4,940) General, selling, and administrative expenses (5,400) $(36,080) Operating income $1,120 Assume that the variable costs corſist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is McDonald's contribution margin? Round to the nearest million. (Give answer in millions...
Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's (MCD) company-owned restaurants had the...
Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's (MCD) company-owned restaurants had the following sales and expenses (in millions): Sales $16,300 Food and packaging Payroll Occupancy (rent, depreciation, etc.) General, selling, and administrative expenses $(5,209) (4,100) (4,101) (2,400) $(15,810) Operating income $490 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expe a. What is McDonald's contribution margin? Round to the nearest million. (Give answer in millions...
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Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's Company-owned restaurants had the following sales and expenses (in millions): Sales $14,100 Food and packaging $4,020 Payroll 3,600 Occupancy (rent, depreciation, etc.) 3,960 General, selling, and administrative expenses 2,100 $13,680 Income from operations $420 Assume that the variable costs consist of food and packaging, payroll, and 40 % of the general, selling, and administrative expenses a. What is McDonald's contribution margin? Round to the nearest million. (Give answer in...
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For a recent year, McDonald's (MCD) company-owned restaurants had the following sales and expenses (in millions): Sales $15,295.0 Food and packaging $(4,896.9) Payroll (4,134.2) Occupancy (rent, depreciation, etc.) (3,667.7) General, selling, and administrative expenses (2,384.5) $(15,083.3) Operating income $211.7 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is McDonald's contribution margin? Round to the nearest tenth of a million (one decimal place). $ x million b....
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Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's (MCD) company-owned restaurants had the following sales and expenses (in millions): Sales $37,200 Food and packaging $(16,340) Payroll (9,400) Occupancy (rent, depreciation, etc.) (4,940) General, selling, and administrative expenses (5,400) $(36,080) Operating income $1,120 Assume that the variable costs corſist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is McDonald's contribution margin? Round to the nearest million. (Give answer in millions...
Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's (MCD) company-owned restaurants had the following sales and expenses (in millions): Sales $16,300 Food and packaging Payroll Occupancy (rent, depreciation, etc.) General, selling, and administrative expenses $(5,209) (4,100) (4,101) (2,400) $(15,810) Operating income $490 Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expe a. What is McDonald's contribution margin? Round to the nearest million. (Give answer in millions...
E11-10 Contribution margin and contribution margin ratio For a recent year, McDonald's (MCD) company-owned restaurants had the following sales a expenses (in millions): $16,488 TL $5,552 4,400 4,025 Sales Food and packaging Payroll Occupancy (rent, depreciation, etc.) General, selling, and admin. expenses Other expense Total expenses Operating income (loss) 2,434 209 (16,620) $ (132) Assume that the variable costs consist of food and packaging, payroll, and 45% of the general, selling, and administrative expenses. 493 a. What is McDon b....
Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's company-owned restaurants had the following sales and expenses (in millions): Sales Food and packaging Payroll Occupancy (rent, depreciation, etc.) General, selling, and administrative expenses $18,169.3 $ 6,129.7 4,756.0 4,402.6 2,48179 17,776.2 $ 393.1 Income from operations Assume that the variable costs consist of food and packaging: payroll; and 40% of the general, selling, and administrative expenses. a. What is McDonald's contribution margin? Round to the nearest tenth of a...
Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's Company-owned restaurants had the following sales and expenses (in millions): Sales $14,100 Food and packaging $4,020 Payroll 3,600 Occupancy (rent, depreciation, etc.) 3,960 General, selling, and administrative expenses 2,100 $13,680 Income from operations $420 Assume that the variable costs consist of food and packaging, payroll, and 40 % of the general, selling, and administrative expenses a. What is McDonald's contribution margin? Round to the nearest million. (Give answer in...
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