Homework Answers
Ans) the correct option is b) $ 1,010
Average total cost = average fixed cost + average variable cost
= 1000 + 10 = 1010
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(Table: Cakes) Use Table: Cakes. Pat is opening a bakery to make and sell special birthday...
Reference: Ref 11-25 Table: Costs of Birthday Cakes Table: Costs of Birthday Cakes Quantity of cakes...
Reference: Ref 11-25 Table: Costs of Birthday Cakes Table: Costs of Birthday Cakes Quantity of cakes Variable cost, VC 14) (Table: Costs of Birthday Cakes) Use Table: Costs of Birthday Cakes. Assume that fixed costs are $10. (16 points) a) Add a column to the table for Fixed cost, FC, filling out the values for quantity of cakes from 0 through 6. (2 points) b) Create a column for Average Variable Cost, AVC, filling out the values for quantity of...
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...
The Kankakee Bakery produces three types of cakes: birthday, wedding, and special occasion. The cakes are made fro...
The Kankakee Bakery produces three types of cakes: birthday, wedding, and special occasion. The cakes are made from scratch and baked in a special cake oven. During the holiday season, the two month period from November 1 through January 1, total demand for the cakes exceeds the capacity of the cake oven. The cake oven is available for baking 690 hours per month, but because of the size of the cakes, it can bake only one cake at a time....
Table: Cakes Number of mixers 1 Fixed Costs $1,000 1,500 2,500 Average Variable Cost $10 7...
Table: Cakes Number of mixers 1 Fixed Costs $1,000 1,500 2,500 Average Variable Cost $10 7 4 2 3 If I buy 3 mixers and make 500 cakes, what is my total cost based on the table above? $5,000 $4,500 $5,800 $2,750
managerial accounting The Kankakee Bakery produces three types of cakes: birthday, wedding, and special occasion. The...
managerial accounting
The Kankakee Bakery produces three types of cakes: birthday, wedding, and special occasion. The cakes are made from scratch and baked in a special cake oven. During the holiday season, the two month period from November 1 through January 1, total demand for the cakes exceeds the capacity of the cake oven. The cake oven is available for baking 690 hours per month, but because of the size of the cakes, it can bake only one cake at...
Problem 2 (25 points). The Kankakee Bakery produces three types of cakes: birthday, wedding, and special...
Problem 2 (25 points). The Kankakee Bakery produces three types of cakes: birthday, wedding, and special occasion. The cakes are made from scratch and baked in a special cake oven. During the holiday season, the two month period from November through January 1, total demand for the cakes exceeds the capacity of the cake oven. The cake oven is available for baking 690 hours per month, but because of the size of the cakes, it can bake only one cake...
Beatrice's Birthday Cakes operates in a monopolistically competitive market, so it is one bakery among many...
Beatrice's Birthday Cakes operates in a monopolistically competitive market, so it is one bakery among many in the market for birthday cakes. The following table presents cost and revenue data for birthday cakes at Beatrice's. Costs Revenues Price Quantity Produced Total Cost Marginal Cost Quantity Demanded Total Revenue Marginal Revenue (Dollars per unit) (Units) (Dollars) (Dollars) (Units) (Dollars) (Dollars) 0 25 0 60 1 28 1 54 2 32 2 48 3 37 3 42 4 43 4 36 5...
Laura Hall owns and operates WildhorseCakes, a bakery that creates personalized birthday cakes for a child's...
Laura Hall owns and operates WildhorseCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $40 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 $844,000 633,000 211,000 150,000 $ 61,000 (a) Your answer is correct. How many cakes will Laura Hall have to sell if she wants to earn $156,000...
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 Contribution margin Fixed expenses Operating income $994,560 745,920 248,640 132,800 $ 115,840 (a) How many cakes will Julianna Abdallah have to sell if she wants to earn $131,568 in operating income each...
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 $48 and feature an edible picture of the child, are shipped throughout the country. A typical month’s results are as follows: Sales revenue $840,480 Variable expenses 630,360 Contribution margin 210,120 Fixed expenses 112,200 Operating income $ 97,920 Assuming a 30% tax rate, how many cakes will Julianna Abdallah have to sell if she wants to earn $114,660...
Reference: Ref 11-25 Table: Costs of Birthday Cakes Table: Costs of Birthday Cakes Quantity of cakes Variable cost, VC 14) (Table: Costs of Birthday Cakes) Use Table: Costs of Birthday Cakes. Assume that fixed costs are $10. (16 points) a) Add a column to the table for Fixed cost, FC, filling out the values for quantity of cakes from 0 through 6. (2 points) b) Create a column for Average Variable Cost, AVC, filling out the values for quantity of...
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...
The Kankakee Bakery produces three types of cakes: birthday, wedding, and special occasion. The cakes are made from scratch and baked in a special cake oven. During the holiday season, the two month period from November 1 through January 1, total demand for the cakes exceeds the capacity of the cake oven. The cake oven is available for baking 690 hours per month, but because of the size of the cakes, it can bake only one cake at a time....
Table: Cakes Number of mixers 1 Fixed Costs $1,000 1,500 2,500 Average Variable Cost $10 7 4 2 3 If I buy 3 mixers and make 500 cakes, what is my total cost based on the table above? $5,000 $4,500 $5,800 $2,750
managerial accounting
The Kankakee Bakery produces three types of cakes: birthday, wedding, and special occasion. The cakes are made from scratch and baked in a special cake oven. During the holiday season, the two month period from November 1 through January 1, total demand for the cakes exceeds the capacity of the cake oven. The cake oven is available for baking 690 hours per month, but because of the size of the cakes, it can bake only one cake at...
Problem 2 (25 points). The Kankakee Bakery produces three types of cakes: birthday, wedding, and special occasion. The cakes are made from scratch and baked in a special cake oven. During the holiday season, the two month period from November through January 1, total demand for the cakes exceeds the capacity of the cake oven. The cake oven is available for baking 690 hours per month, but because of the size of the cakes, it can bake only one cake...
Beatrice's Birthday Cakes operates in a monopolistically competitive market, so it is one bakery among many in the market for birthday cakes. The following table presents cost and revenue data for birthday cakes at Beatrice's. Costs Revenues Price Quantity Produced Total Cost Marginal Cost Quantity Demanded Total Revenue Marginal Revenue (Dollars per unit) (Units) (Dollars) (Dollars) (Units) (Dollars) (Dollars) 0 25 0 60 1 28 1 54 2 32 2 48 3 37 3 42 4 43 4 36 5...
Laura Hall owns and operates WildhorseCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $40 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 $844,000 633,000 211,000 150,000 $ 61,000 (a) Your answer is correct. How many cakes will Laura Hall have to sell if she wants to earn $156,000...
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 Contribution margin Fixed expenses Operating income $994,560 745,920 248,640 132,800 $ 115,840 (a) How many cakes will Julianna Abdallah have to sell if she wants to earn $131,568 in operating income each...
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