a)The identification of variable, fixed or mixed cost is as follows:
Variable, fixed or mixed cost | |
---|---|
Cost of goods sold | Variable |
Wages and fringe benefits | Mixed |
Fees paid delivery | Variable |
Rent on building | Fixed |
Depreciation | Fixed |
Utilities | Mixed |
Administrative costs | Fixed |
b) The total cost for a monthly sale volume of 9,800 units are as follows:
Fixed | Variable | Total | |
---|---|---|---|
Monthly sales volume | 9,800 units | ||
Cost of goods sold | - | 19,600 | $19,600 |
(9,800 * $2) | |||
Wages and fringe benefits | 5,000 | 294 | $5,294 |
(9,800 units * 0.03) | |||
Fees paid delivery | - | 2,254 | $2,254 |
(9,800 units * 0.23) | |||
Rent on building | 1,400 | - | $1,400 |
Depreciation on Equipment | 800 | - | $800 |
Utilities | 600 | 196 | $796 |
(9,800 units * 0.02) | |||
Supplies | 100 | 294 | $394 |
(9,800 units * 0.03) | |||
Administrative costs | 1,200 | $1,200 | |
Total cost for 9,800 units | $31,738 |
Cost Behavior Analysis in a Restaurant: High-Low Cost Estimation Assume a Papa John's restaurant has the...
13. In the current year, the manager of the Downtowner Restaurant has been following the operating budget reduced here: For the coming year, the following changes are expected: Given these anticipated changes, prepare ab operating budget for the Downtowner Restaurant for the coming year. 13. In the current year, the manager of the Downtowner Restaurant has been following the operating budget reproduced here For the coming year, the following changes are expected a. Food sales will increase by 10 percent...
The owner of Bronx Restaurant is disappointed because the restaurant has been averaging 4.000 plura sales per month, but the restaurant and wait staff can make and serve 6.000 plazas per month The variable cost for example ingredients) of each pizza is $125. Monthly food costs (for example, depreciation property taxes, business license and manager's salary) are $6,000 per month. The owner wants cost n a tion about different volumes so that some operating decisions can be made. Read the...
this question confuse ..pls send me correct answer The following cost information was incurred by Restaurant Minangkabau located in Seremban for the month of April 2016. The restaurant has three sections, namely Foods and Beverage, Customer Service and Administration. A restaurant is a part of a service industry, Rice Flour and eggs Milk and sugar Spices and cooking oil Wages of Chef Wages of kitchen helpers Wages of cashier Wages of waiters and waitresses Wages of cleaners Costs of cooking...
onthly sales. Help ut costs at varying levelse 2. Tutti Sandwich Shop has the following information regarding costs at various levels of month separate her costs into fixed costs and variable costs so that she can predict and evaluate her coste guests served. February ($) 16,000 16,800 15,600 16,350 March (5) 20,000 21,000 16,000 18,750 2.400 January (5) 10.000 10,500 15,000 12,750 2,400 600 1,000 500 2,600 Monthly Sales in Guests Served Cost of Sales (Food Cost) Salaries, Wages, and...
Cost Behavior, High-Low Method, Pricing Decision St. Teresa's Medical Center (STMC) offers a number of specialized medical services, including neuroscience, cardiology, and oncology. STMC's strong reputation for quality medical care allowed it to branch out into other services. It is now ready to expand its orthopedic services and has just added a free-standing orthopedic clinic offering a full range of outpatient, surgical, and physical therapy services. The cost of the orthopedic facility is depreciated on a straight-line basis. All equipment...
Cost Behavior, High-Low Method, Pricing Decision St. Teresa's Medical Center (STMC) offers a number of specialized medical services, including neuroscience, cardiology, and oncology. STMC's strong reputation for quality medical care allowed it to branch out into other services. It is now ready to expand its orthopedic services and has just added a free-standing orthopedic clinic offering a full range of outpatient, surgical, and physical therapy services. The cost of the orthopedic facility is depreciated on a straight-line basis. All equipment...
Cost Behavior, High-Low Method, Pricing Decision St. Teresa's Medical Center (STMC) offers a number of specialized medical services, including neuroscience, cardiology, and oncology. STMC's strong reputation for quality medical care allowed it to branch out into other services. It is now ready to expand its orthopedic services and has just added a free-standing orthopedic clinic offering a full range of outpatient, surgical, and physical therapy services. The cost of the orthopedic facility is depreciated on a straight-line basis. All equipment...
Cost Behavior, High-Low Method, Pricing Decision St. Teresa's Medical Center (STMC) offers a number of specialized medical services, including neuroscience, cardiology, and oncology. STMC's strong reputation for quality medical care allowed it to branch out into other services. It is now ready to expand its orthopedic services and has just added a free-standing orthopedic clinic offering a full range of outpatient, surgical, and physical therapy services. The cost of the orthopedic facility is depreciated on a straight-line basis. All equipment...
complete each chart. omework Required Saved Het Problem 5A-7 Cost Behavior; High-Low Method; Contribution Format Income Statement (LO5-10) Morrisey & Brown, Ltd., of Sydney is a merchandising company that is the sole distributor of a product that is increasing in popularity among Australian consumers. The company's income statements for the three most recent months follow: Morrisey Brown, Ltd. Tacone Statements For the Three Monthe Ended september 30 July August September Sales in unita 5,000 5,500 6.000 Sales $ 625,000 $...
Exercise 2-48 (Static) Cost Behavior and Forecasting (LO 2-5) Sophia's Restaurant served 5,000 meals last quarter. Sophia recorded the following costs with those meals. Variable costs: Ingredients used $ 14,000 Direct labor 10,500 Indirect materials and supplies 5,300 Utilities 1,700 Fixed costs: Managers' salaries 22,000 Rent 18,000 Depreciation on equipment (straight-line, time basis) 2,000 Other fixed costs 3,000 Total variable costs Total fixed costs Total costs Unit costs