Homework Answers
Answer 6: $17.50
Fixed cost = $10
Variable cost for 2 units = $25
Total cost = $10+$25 = $35
Average total cost = $35/2 = $17.5
Answer 7: its average variable cost is $3
Fixed cost = $100
Total cost = $1000
Total variable cost = $1000-$100 = $900
Number of units = 300
Average variable cost = $900/300 = $3
Average fixed cost = $100/300 = 0.33
Average total cost = $1000/300 = 3.33
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Annie has a bakery that specializes in birthday cakes. Her fixed costs are $10. Her variable...
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managerial accounting
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Problem 2 (25 points). The Kankakee Bakery produces three types of cakes: birthday, wedding, and special...
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(Table: Cakes) Use Table: Cakes. Pat is opening a bakery to make and sell special birthday cakes. She is trying to decide how many mixers to purchase. Her estimated fixed and average variable costs if she purchases 1, 2, or 3 mixers are shown in the table. Assume that average variable costs do not vary with the quantity of output. If Pat purchases 1 mixer and bakes 100 cakes per day, what is her average total cost? Table: Cakes Number...
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Chris's Bakery sells strawberry cakes for $30 each. Chris's variable costs are $15 and her fixed costs total $3000 per month. If Chris's tax rate is 20%, how many cakes must Chris sell each month if she wants to earn $6000 in net income? 400 2250 O 700 600
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....
managerial accounting
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