Question

You purchase a piece of land on Hornby Island with a cash price of $200,000. You agree to make two payments the first payment
Question 3 (1 point) Burgers Plus serves gourmet burgers. A burger costs $10 in material and labour to make and overhead cost
0 0
Add a comment Improve this question Transcribed image text
Answer #1

The first question is not completely visible so the second question is answered.

Question 3:

The variable cost per burger is $10.

Supporting explanations:

Variable costs are those costs that vary with the changes in the production volume but the variable cost per unit is always fixed similarly, fixed costs are those costs that are constant and do not change due to changes in the production volume.

Usually, the variable costs includes direct material costs, direct labor costs, variable manufacturing costs etc.

In the given problem, the direct material cost per burger and direct labor cost per burger is $10 but no other variable overheads are given so the variable cost per burger is $10.

The cost of $1,200 per month is a fixed cost.

Therefore, variable cost per burger is $10.

Add a comment
Know the answer?
Add Answer to:
You purchase a piece of land on Hornby Island with a cash price of $200,000. You...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • You purchase a piece of land on Hornby Island with a cash price of $200,000. You...

    You purchase a piece of land on Hornby Island with a cash price of $200,000. You agree to make two payments the first paymentin 16 months will be twice as large as the second payment in 2 years. What is the size of the payment made in 16 months if the interest rate is 6% simple? (use 2 years as your focal date), Your Answer: Answer Question 3 (1 point) Burgers Plus serves gourmet burgers. A burger costs $10 in...

  • You are considering buying a piece of land priced today at $120,000. The bank has offered...

    You are considering buying a piece of land priced today at $120,000. The bank has offered you a loan to buy it. The loan is a 5-year loan for which you will make semi- annual payments (at the end of each semester). The APR for the loan is 10%. How much is the semi-annual payment? 1) $12,039.54 2) $15,540.55 O 3) $31,655.70 04) $9,540.55 Question 10 (3 points) You borrowed $10,000 two years ago. The loan terms are: 5-year loan...

  • You buy a new piece of equipment for $28,192, and you receive a cash inflow of...

    You buy a new piece of equipment for $28,192, and you receive a cash inflow of $4,500 per year for 16 years. Use Appendix D for an approximate answer but calculate your final answer using the financial calculator method. What is the internal rate of return?

  • 1. You have $49,061.69 in a brokerage account, and you plan to deposit an additional $5,000...

    1. You have $49,061.69 in a brokerage account, and you plan to deposit an additional $5,000 at the end of every future year until your account totals $200,000. You expect to earn 9.1% annually on the account. How many years will it take to reach your goal? Round your answer to the nearest whole number. 2. Present and Future Value of an Uneven Cash Flow Stream An investment will pay $100 at the end of each of the next 3...

  • You want to buy a house that costs $210,000. You have $21,000 for a down payment,...

    You want to buy a house that costs $210,000. You have $21,000 for a down payment, but your credit is such that mortgage companies will not lend you the required $189,000. However, the realtor persuades the seller to take a $189,000 mortgage (called a seller take-back mortgage) at a rate of 8%, provided the loan is paid off in full in 3 years. You expect to inherit $210,000 in 3 years, but right now all you have is $21,000, and...

  • You want to buy a car, and a local bank will lend you $25,000. The loan...

    You want to buy a car, and a local bank will lend you $25,000. The loan will be fully amortized over 5 years (60 months), and the nominal interest rate will be 4% with interest paid monthly a. What will be the monthly loan payment? Round your answer to the nearest cent. b. What will be the loan's EAR? Round your answer to two decimal places. Finding the required interest rate Your parents will retire in 23 years. They currently...

  • 3. You want to buy a car, and a local bank will lend you $20,000. The...

    3. You want to buy a car, and a local bank will lend you $20,000. The loan would be fully amortized over 3 years (36 months), and the nominal interest rate would be 12%, with interest paid monthly. What is the monthly loan payment? Round your answer to the nearest cent. $    What is the loan's EFF%? Round your answer to two decimal places.   % 4. Find the present values of the following cash flow streams. The appropriate interest rate...

  • You must evaluate the purchase of a proposed spectrometer for the R&D department. The base price...

    You must evaluate the purchase of a proposed spectrometer for the R&D department. The base price is $60,000, and it would cost another $9,000 to modify the equipment for special use by the firm. The equipment falls into the MACRS 3-year class and would be sold after 3 years for $27,000. The applicable depreciation rates are 33%, 45%, 15%, and 7%. The equipment would require an $11,000 increase in net operating working capital (spare parts inventory). The project would have...

  • You must evaluate the purchase of a proposed spectrometer for the R&D department. The base price...

    You must evaluate the purchase of a proposed spectrometer for the R&D department. The base price is $140,000, and it would cost another $21,000 to modify the equipment for special use by the firm. The equipment falls into the MACRS 3-year class and would be sold after 3 years for $70,000. The applicable depreciation rates are 33%, 45%, 15%, and 7%. The equipment would require an $5,000 increase in net operating working capital (spare parts inventory). The project would have...

  • You must evaluate the purchase of a proposed spectrometer for the R&D department. The base price...

    You must evaluate the purchase of a proposed spectrometer for the R&D department. The base price is $110,000, and it would cost another $22,000 to modify the equipment for special use by the firm. The equipment falls into the MACRS 3-year class and would be sold after 3 years for $33,000. The applicable depreciation rates are 33%, 45%, 15%, and 7%. The equipment would require an $14,000 increase in net operating working capital (spare parts inventory). The project would have...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT