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Beatrice's Birthday Cakes operates in a monopolistically competitive market, so it is one bakery among many...
Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child’s...
Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child’s first birthday. The cakes, which sell for $56 and feature an edible picture of the child, are shipped throughout the country. A typical month’s results are as follows: Sales revenue $944,720 Variable expenses 708,540 Contribution margin 236,180 Fixed expenses 123,620 Operating income $ 112,560 A. What is FirstCakes’ contribution margin per unit? Contributing Margin per unit $_____ per cake B. What is FirstCakes’ monthly...
Exercise 3-3 Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for...
Exercise 3-3 Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $48 and feature an edible picture of the child, are shipped throughout the country. A typical month's results are as follows: Sales revenue $646,080 Variable expenses 484,560 Contribution margin 161,520 Fixed expenses 100,920 $ 60,600 Operating income What is FirstCakes' contribution margin per unit? Contribution margin per unit $ per cake LINK TO TEXT LINK...
Annie has a bakery that specializes in birthday cakes. Her fixed costs are $10. Her variable...
Annie has a bakery that specializes in birthday cakes. Her fixed costs are $10. Her variable costs are shown in the table below. Table: Costs of Birthday Cakes Quantity of cakes Variable Cost 50 What is the average total cost of 2 cakes? $2,50 OOO $17.50 $12.50 > Moving to the next question prevents changes to this answer Qu Question 7 4 points The XYZ company produces 300 units of output at a total cost of $1,000. The company's fixed...
Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child’s...
Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child’s first birthday. The cakes, which sell for $64 and feature an edible picture of the child, are shipped throughout the country. A typical month’s results are as follows: Please show work Sales revenue $954,240 Variable expenses 715,680 Contribution margin 238,560 Fixed expenses 143,840 Operating income $ 94,720 What is FirstCakes’ contribution margin per unit? Contribution margin per unit $Enter contribution margin in dollars per...
Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child's...
Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $64 and feature an edible picture of the child, are shipped throughout the country. A typical month's results are as follows: Sales revenue Variable expenses $784,000 588,000 196,000 124,640 Contribution margin Fixed expenses Operating income $ 71,360 What is FirstCakes' contribution margin per unit? Contribution margin per unit $ per cake LINK TO TEXT LINK TO VIDEO...
Barbara Jones owns and operates IvanhoeCakes, a bakery that creates personalized birthday cakes for a child's...
Barbara Jones owns and operates IvanhoeCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $10 and feature an edible picture of the child, are shipped throughout the country. A typical months results are as follows: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income $772,000 579,000 193,000 106,500 $ 86,500 (a) X Your answer is incorrect How many cakes will Barbara Jones have to sell if she wants to earn...
Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child's...
Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $60 and feature an edible picture of the child, are shipped throughout the country. A typical month's results are as follows: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income $873,600 655,200 218,400 116,550 $ 101,850 (a) Your answer is correct. How many cakes will Julianna Abdallah have to sell if she wants to earn $120,060...
(Table: Cakes) Use Table: Cakes. Pat is opening a bakery to make and sell special birthday...
(Table: Cakes) Use Table: Cakes. Pat is opening a bakery to make and sell special birthday cakes. She is trying to decide how many mixers to purchase. Her estimated fixed and average variable costs if she purchases 1, 2, or 3 mixers are shown in the table. Assume that average variable costs do not vary with the quantity of output. If Pat purchases 1 mixer and bakes 100 cakes per day, what is her average total cost? Table: Cakes Number...
Table 13-12 Betty’s Bakery Quantity of cakes Fixed Cost Variable Cost Total Cost...
Table 13-12 Betty’s Bakery Quantity of cakes Fixed Cost Variable Cost Total Cost Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost 1 $13 $38 2 $28 3 $70 4 $64 5 $110 6 $108 7 $133 8 $185 Refer to Table 13-12. What is the average fixed cost of producing 3 cakes at Betty’s Bakery? a. $5.33 b. $8.33 c. $2.67 d. $1.67
These three questions please Question 37 (1 point) Table 16-1 A monopolistically competitive firm faces the...
These three questions please
Question 37 (1 point) Table 16-1 A monopolistically competitive firm faces the following demand curve for its product: Price (S) 10 4 8 7 6 16 8 10 5 12 4 14 3 16 2 18 20 1 Refer to Table 16-1. The firm has total fixed costs of $20 and a constant marginal cost of $5 per unit. What will the firm do? It will produce 2 units; firms will exit the market in the...
Exercise 3-3 Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $48 and feature an edible picture of the child, are shipped throughout the country. A typical month's results are as follows: Sales revenue $646,080 Variable expenses 484,560 Contribution margin 161,520 Fixed expenses 100,920 $ 60,600 Operating income What is FirstCakes' contribution margin per unit? Contribution margin per unit $ per cake LINK TO TEXT LINK...
Annie has a bakery that specializes in birthday cakes. Her fixed costs are $10. Her variable costs are shown in the table below. Table: Costs of Birthday Cakes Quantity of cakes Variable Cost 50 What is the average total cost of 2 cakes? $2,50 OOO $17.50 $12.50 > Moving to the next question prevents changes to this answer Qu Question 7 4 points The XYZ company produces 300 units of output at a total cost of $1,000. The company's fixed...
Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $64 and feature an edible picture of the child, are shipped throughout the country. A typical month's results are as follows: Sales revenue Variable expenses $784,000 588,000 196,000 124,640 Contribution margin Fixed expenses Operating income $ 71,360 What is FirstCakes' contribution margin per unit? Contribution margin per unit $ per cake LINK TO TEXT LINK TO VIDEO...
Barbara Jones owns and operates IvanhoeCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $10 and feature an edible picture of the child, are shipped throughout the country. A typical months results are as follows: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income $772,000 579,000 193,000 106,500 $ 86,500 (a) X Your answer is incorrect How many cakes will Barbara Jones have to sell if she wants to earn...
Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $60 and feature an edible picture of the child, are shipped throughout the country. A typical month's results are as follows: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income $873,600 655,200 218,400 116,550 $ 101,850 (a) Your answer is correct. How many cakes will Julianna Abdallah have to sell if she wants to earn $120,060...
(Table: Cakes) Use Table: Cakes. Pat is opening a bakery to make and sell special birthday cakes. She is trying to decide how many mixers to purchase. Her estimated fixed and average variable costs if she purchases 1, 2, or 3 mixers are shown in the table. Assume that average variable costs do not vary with the quantity of output. If Pat purchases 1 mixer and bakes 100 cakes per day, what is her average total cost? Table: Cakes Number...
These three questions please
Question 37 (1 point) Table 16-1 A monopolistically competitive firm faces the following demand curve for its product: Price (S) 10 4 8 7 6 16 8 10 5 12 4 14 3 16 2 18 20 1 Refer to Table 16-1. The firm has total fixed costs of $20 and a constant marginal cost of $5 per unit. What will the firm do? It will produce 2 units; firms will exit the market in the...
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