Answer:
Sales price = $5 per dozen
Variable cost = $3 per dozen
Contribution = $2 ( 5-3) per donez
Break even = Fixed cost / contribution per dozen
Fixed cost = 400$
Break even = 400/ 2 = 200 dozens
Comy and Sweet grows and sells sweet corn at its roadside produce stand. The selling price...
Comy and Sweet grows and sells sweet corn at its roadside produce stand. The selling price per dozen is $2.50, variable costs are $1.25 per dozen, and total fixed costs are $500. How many dozens of ears of com must Comy and Sweet sell to breakeven? (Round your final answer to the nearest unit amount.) A. 400 O B. 200 O C. 133 O D. 1,000
his Quiz: 20 pts possible Corny and Sweet grows and sells sweet corn at its roadside produce stand. The s costs are $1,000. What are breakeven sales in dollars? per dozen is $3.75, variable costs are $1 25 per dozen, and total fixed ○ A. S500 OB. $1,500 О с. $400 OD. S2.000 answer 2
17 The table below shows the daily costs of Corny's Corn Cobs. Corny's sells corn by the dozen in a perfectly competitive market. The market price of a dozen ears of corn is $2.20 per dozen. Tмс Quantity (Dozens of Ears) ($) 1.6 3.40 Corny's Corn Cobs AVC ATC ($) ($) 1.90 4.40 1.70 1.60 2.80 1.50 2.50 1.50 2.30 1.60 2.30 1.70 2.30 1.80 2.40 1.30 1.10 1.30 1.50 2.20 2.20 2.60 a. In the short run, to maximize...
The table below shows the daily costs of Cathy's Corn Stand. Cathy sells her corn cobs in a perfectly competitive market. Cathy's Corn Stand's Production Costs Quantity (corn cobs) AVC (dollars) 10.00 $2.50 20.00 2.25 30.00 2.00 40.00 1.81 50.00 1.70 60.00 1.67 70.00 1.68 80.00 1.75 90.00 ATC (dollars) $5.00 3.50 2.83 2.44 2.20 2.08 2.04 2.06 2.14 MC (dollars $2.50 2.00 1.50 1.25 1.25 1.50 1.75 2.25 2.75 a. Draw Cathy's marginal cost (MC) curve. Instructions: Use the...
The table below shows the daily costs of Cathy's Corn Stand. Cathy sells her corn cobs in a perfectly competitive market. Cathy's Corn Stand's Production Costs Quantity (corn cobs) AVC (dollars) ATC (dollars) MC (dollars) 10.00 $2.50 $5.00 $2.50 20.00 2.25 3.50 2.00 30.00 2.00 2.83 1.50 40.00 1.81 2.44 1.25 50.00 1.70 2.20 1.25 60.00 1.67 2.08 1.50 70.00 1.68 2.04 1.75 80.00 1.75 2.06 2.25 90.00 1.86 2.14 2.75 a. Draw Cathy's marginal cost (MC) curve. Instructions: Use...
The table below shows the daily costs of Cathy's Corn Stand. Cathy sells her corn cobs in a perfectly competitive market. MC (dollars) $2.50 5.00 Cathy's Corn Stand's Production Costs Quantity (corn cobs) AVC (dollars) 8.0 $5.00 0 11. 4 .55 13.0 4.62 14.8 4.75 16.3 4.91 17.7 5.10 18.9 5.29 5.51 ATC (dollars) $12.50 10.00 9.23 8.81 8. 59 8.50 8.47 8.52 6 .45 7.41 9.52 Instructions: In part a, round your answer to one decimal place. In part...
Serendipity Sound, Inc., manufactures and sells compact discs. Price and cost data are as follows: Selling price per unit (package of two CDs) $ 25.00 Variable costs per unit: Direct material $ 10.50 Direct labor 5.00 Manufacturing overhead 3.00 Selling expenses 1.30 Total variable costs per unit $ 19.80 Annual fixed costs: Manufacturing overhead $ 192,000 Selling and administrative 276,000 Total fixed costs $ 468,000 Forecasted annual sales volume (120,000 units) $ 3,000,000 In the following requirements, ignore income taxes....
Suppose you purchase a July 2011 soybean oil futures contract on
March 29, 2011, at the last price of the day. Use Table 23.1
What will your profit or loss be if soybean oil prices turn out
to be $0.4652 per pound at expiration
Suppose you sell eight May 2011 silver futures contracts on
March 29, 2011, at the last price of the day. Use Table 23.1
What will your profit or loss be if silver prices turn...