Homework Answers
Variable cost = $15
Fixed cost = $143,000
Cost equation:
Total cost = Variable cost + Fixed cost
y = $15x + $143,000
The Organic Buffet offers an all-you-can-eat buffet meal for $ 34 per person. The restaurant employs...
The Organic Buffet offers an all-you-can-eat buffet meal for $ 34 per person. The restaurant employs ten salaried employees. Rent for the building, employee salaries, and other fixed costs for the restaurant are $ 118 comma 800 per month when the restaurant serves meals up to 13 comma 900 guests in that month. If the restaurant were to serve more than 13 comma 900 guests in any given month, it would need to hire two additional servers and two additional...
12. The Johnson Buffet offers an all-you-can-eat buffet meal for $28 per person. The restaurant employs...
12. The Johnson Buffet offers an all-you-can-eat buffet meal for $28 per person. The restaurant employs ten salaried employees. Rent for the building employee salaries, and other fixed costs for the restaurant are $67,500 per month when the restaurant serves meals up to 14,200 guests in that month. If the restaurant were to serve more than 14,200 guests in any given month, it would need to hire two additional servers and two additional kitchen staff for an additional fixed cost...
The Wholesome Buffet offers an all-you-can-eat buffet meal for $33 per person. The restaurant emp...
The Wholesome Buffet offers an all-you-can-eat buffet meal for $33 per person. The restaurant employs ten salaried employees. Rent for the building, employee salaries, and other fixed costs for the restaurant are $63,500 per month when the restaurant serves meals up to 13,900 guests in that month. If the restaurant were to serve more than 13,900 guests in any given month, it would need to hire two additional servers and two additional kitchen staff for an additional fixed cost of...
Score: 0 of 3 pts 2 of 15 (0 complete) HW Score: 0%, 0 of 72...
Score: 0 of 3 pts 2 of 15 (0 complete) HW Score: 0%, 0 of 72 pts S7-2 (similar to) Question Help O Ocean Cruiseline offers nightly dinner cruises departing from several cities on the eastern coast of the United States including Charleston, Baltimore, and Alexandria. Dinner Cruise tickets sell for $80 per passenger. Ocean Cruiseline's variable cost of providing the dinner is $40 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other...
Score: 0 of 5 pts 3 of 4 (0 complete) HW Score: 0%, 0 of 40...
Score: 0 of 5 pts 3 of 4 (0 complete) HW Score: 0%, 0 of 40 pts CCOL P9-33A (book/static) Question Help Conseco Oil, Inc, has an account titled Oil and Gas Proportios. Conseco paid $6,600,000 for oil reserves holding an estimated 1,000,000 barrels of oil. Assume the company paid $570,000 for additional geological tests of the property and $450,000 to prepare for drilling. During the first year, Conseco removed and sold 72,000 barrels of oil. Record all of Conseco's...
1 of 4 (0 complete) HW Score: 0%, 0 of 8 pts Score: 0 of 2...
1 of 4 (0 complete) HW Score: 0%, 0 of 8 pts Score: 0 of 2 pts S7-3 (similar to) Question Help O The T-account for Cash and the bank statement of Hampton Food Services for the month of March 2018 follows: (Click the icon to view the T-account.) (Click the icon to view the bank statement.) Prepare Hampton Food Services' bank reconciliation at March 31. i Data Table Bank Statement: Bal, Mar 1 2,957) Deposits: Hampton Food Services Bank...
HW Score: 62.79%, 27 of 43 pts Score: 0 of 1 pt 21 of 25 (15...
HW Score: 62.79%, 27 of 43 pts Score: 0 of 1 pt 21 of 25 (15 complete) Concept: Fixed/Variable Costs 2 Question Help Suppose a pizza parlor has the following production costs: $5.00 in labor per pizza $1.00 in ingredients per pizza, 5050 in electricity per pizza, $4.500 in restaurant rent per month and $500 in insurance per month Assume the pizza parlor produces 4.000 pizzas per month What is the vanable cost of production (per month)? The variable cost...
9 of 15 (0 complete) HW Score: 0%, 0 of 72 pts Score: 0 of 3...
9 of 15 (0 complete) HW Score: 0%, 0 of 72 pts Score: 0 of 3 pts S7-13 (similar to) Question Help O Fairy Rain Gear sells monogrammed umbrellas on Etsy. Fairy Rain Gear is currently selling 1,200 umbrellas a month at a price of $34 per umbrella. The variable cost of each umbrella sold includes $7 to purchase the merchandise from suppliers and a $5 commission paid to Etsy. Fixed costs are $3,200 per month. The company is considering...
Score: 0 of 3 pts 4 of 15 (0 complete) HW Score: 0%, 0 of 72...
Score: 0 of 3 pts 4 of 15 (0 complete) HW Score: 0%, 0 of 72 S7-4 (similar to) Question Help Coast Cruiseline offers nightly dinner cruises departing from several cities on the eastern coast of the United States including Charleston, Baltimore, and Alexandria. Dinner cruise tickets sell for $50 per passenger. Coast Cruiseline's variable cost of providing the dinner is $20 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is...
Score: 0 of 3 pts 3 of 15 (0 complete) HW Score: 0%, 0 of 72...
Score: 0 of 3 pts 3 of 15 (0 complete) HW Score: 0%, 0 of 72 pts S7-3 (similar to) 18 Question Help Excel Cruiseline offers nightly dinner cruises departing from several cities on the eastern coast of the United States including Charleston, Baltimore, and Alexandria. Dinner cruise tickets sell for $50 per passenger. Excel Cruiseline's variable cost of providing the dinner is $20 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other...
12. The Johnson Buffet offers an all-you-can-eat buffet meal for $28 per person. The restaurant employs ten salaried employees. Rent for the building employee salaries, and other fixed costs for the restaurant are $67,500 per month when the restaurant serves meals up to 14,200 guests in that month. If the restaurant were to serve more than 14,200 guests in any given month, it would need to hire two additional servers and two additional kitchen staff for an additional fixed cost...
The Wholesome Buffet offers an all-you-can-eat buffet meal for $33 per person. The restaurant employs ten salaried employees. Rent for the building, employee salaries, and other fixed costs for the restaurant are $63,500 per month when the restaurant serves meals up to 13,900 guests in that month. If the restaurant were to serve more than 13,900 guests in any given month, it would need to hire two additional servers and two additional kitchen staff for an additional fixed cost of...
Score: 0 of 3 pts 2 of 15 (0 complete) HW Score: 0%, 0 of 72 pts S7-2 (similar to) Question Help O Ocean Cruiseline offers nightly dinner cruises departing from several cities on the eastern coast of the United States including Charleston, Baltimore, and Alexandria. Dinner Cruise tickets sell for $80 per passenger. Ocean Cruiseline's variable cost of providing the dinner is $40 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other...
Score: 0 of 5 pts 3 of 4 (0 complete) HW Score: 0%, 0 of 40 pts CCOL P9-33A (book/static) Question Help Conseco Oil, Inc, has an account titled Oil and Gas Proportios. Conseco paid $6,600,000 for oil reserves holding an estimated 1,000,000 barrels of oil. Assume the company paid $570,000 for additional geological tests of the property and $450,000 to prepare for drilling. During the first year, Conseco removed and sold 72,000 barrels of oil. Record all of Conseco's...
1 of 4 (0 complete) HW Score: 0%, 0 of 8 pts Score: 0 of 2 pts S7-3 (similar to) Question Help O The T-account for Cash and the bank statement of Hampton Food Services for the month of March 2018 follows: (Click the icon to view the T-account.) (Click the icon to view the bank statement.) Prepare Hampton Food Services' bank reconciliation at March 31. i Data Table Bank Statement: Bal, Mar 1 2,957) Deposits: Hampton Food Services Bank...
HW Score: 62.79%, 27 of 43 pts Score: 0 of 1 pt 21 of 25 (15 complete) Concept: Fixed/Variable Costs 2 Question Help Suppose a pizza parlor has the following production costs: $5.00 in labor per pizza $1.00 in ingredients per pizza, 5050 in electricity per pizza, $4.500 in restaurant rent per month and $500 in insurance per month Assume the pizza parlor produces 4.000 pizzas per month What is the vanable cost of production (per month)? The variable cost...
9 of 15 (0 complete) HW Score: 0%, 0 of 72 pts Score: 0 of 3 pts S7-13 (similar to) Question Help O Fairy Rain Gear sells monogrammed umbrellas on Etsy. Fairy Rain Gear is currently selling 1,200 umbrellas a month at a price of $34 per umbrella. The variable cost of each umbrella sold includes $7 to purchase the merchandise from suppliers and a $5 commission paid to Etsy. Fixed costs are $3,200 per month. The company is considering...
Score: 0 of 3 pts 4 of 15 (0 complete) HW Score: 0%, 0 of 72 S7-4 (similar to) Question Help Coast Cruiseline offers nightly dinner cruises departing from several cities on the eastern coast of the United States including Charleston, Baltimore, and Alexandria. Dinner cruise tickets sell for $50 per passenger. Coast Cruiseline's variable cost of providing the dinner is $20 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is...
Score: 0 of 3 pts 3 of 15 (0 complete) HW Score: 0%, 0 of 72 pts S7-3 (similar to) 18 Question Help Excel Cruiseline offers nightly dinner cruises departing from several cities on the eastern coast of the United States including Charleston, Baltimore, and Alexandria. Dinner cruise tickets sell for $50 per passenger. Excel Cruiseline's variable cost of providing the dinner is $20 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other...
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