Homework Answers
Computation of Profit
| 1 $ | 2 $ | 3 $ | 4 $ | |
|
Sales Less: Variable Cost |
9,000 2,250 |
10,000 2,000 |
9,000 1,500 |
7,000 1,000 |
|
Contribution Less: Fixed Cost: |
6,750 3,000 |
8,000 3,000 |
8,500 3,000 |
6,000 3,000 |
| Profit | 3,750 | 5,000 | 5,500 | 3,000 |
The third option of selling price at 6,000 cups at $1.50 is profitable than other options.
Add Answer to:
Exercise C The marketing department of Specialty Coffees estimates the following monthly demand for espresso in...
Café Michigan's manager, Gary Stark, suspects that demand for mocha latte coffees depends on the price being charged. Based on historical observations, Gary has gathered the following data, which show the numbers of these coffees sold over six differ
Café Michigan's manager, Gary Stark, suspects that demand for mocha latte coffees depends on the price being charged. Based on historical observations, Gary has gathered the following data, which show the numbers of these coffees sold over six different price values: Price Number Sold1 $2.70 7602 $3.40 5153 $2.00 9754 $4.10 2405 $3.20 3256 $4.05 475Using simple linear regression and given that the price per cup is $1.75, the forecasted demand for mocha latte coffees will be___ cups nothingcups
2. Consumer surplus for an individual and a market The following graph shows Jacques's weekly demand...
2. Consumer surplus for an individual and a market The following graph shows Jacques's weekly demand for cheesecake, represented by the blue line. Point A represents a point along his weekly demand curve. The market price of cheesecake is $1.25 per slice, as shown by the horizontal black line. Jacques's Weekly Demand 2.50 Demand 2.25 2.00 1 75 1.50 Price 1 25 1,00 0.75 0.50 0 25 0 2468 101214 16 18 20 QUANTITY (Slices of cheesecake) for his 8th...
Exercise 18-5 The controller of Hall Industries has collected the following monthly expense data for use...
Exercise 18-5 The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Total Maintenance Costs Total Machine Hours Month January February March April May June $2,640 3,000 3,600 4,500 3,200 4,620 3,500 4,000 6,000 7,900 5,000 8,000 udy Exercise 18-8 All That Blooms provides environmentally friendly lawn services for homeowners. Its operating costs are as follows. Depreciation Advertising Insurance Weed and feed materials Direct labor Fuel $ 1,400...
Exercise 11-5 The controller of Hall Industries has collected the following monthly expense data for use...
Exercise 11-5 The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Total Maintenance Costs Total Machine Hours Month January February March April May June $2,500 2,840 3,360 4,184 3,000 4,300 3,500 4,000 6,000 7,900 5,000 8,000 Determine the variable-cost components using the high-low method. (Round variable cost to 2 decimal places e.g. 12.25.) Variable cost per machine hours LINK TO TEXT LINK TO TEXT VIDEO: APPLIED SKILLS...
Dobosh Corporation has provided the following information:
Dobosh Corporation has provided the following information:Cost perUnitCost per PeriodDirect materials$7.05Direct labor$3.65Variable manufacturing overhead$1.60Fixed manufacturing overhead$113,400Sales commissions$1.50Variable administrative expense$0.55Fixed selling and administrative expense$36,450Required:a. For financial reporting purposes, what is the total amount of product costs incurred to make 9,000 units?b. For financial reporting purposes, what is the total amount of period costs incurred to sell 9,000 units?c. If 10,000 units are sold, what is the variable cost per unit sold?d. If 10,000 units are sold, what is the total amount...
Suppose a firm producing table lamps has the following costs: Quantity 1,000 2,000 3,000 4,000 5,000...
Suppose a firm producing table lamps has the following costs: Quantity 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 Average Total Cost $15.00 9.75 8.25 7.50 7.75 8.50 9.75 10.50 12.00 Ben and Jerry are managers at the company, and they have this discussion: Ben: We should produce 4,000 lamps per month because that will minimize our average costs. Jerry: But shouldn't we maximize profits rather than minimize costs? To maximize profits, don't we need to take demand into...
Davis Kitchen Supply produces stoves for commercial kitchens. The costs to manufacture and market the stoves...
Davis Kitchen Supply produces stoves for commercial kitchens.
The costs to manufacture and market the stoves at the company's
normal volume of 6,000 units per month are shown in the following
table.
Unless otherwise stated, assume that no connection exists
between the situation described in each question; each is
independent. Unless otherwise stated, assume a regular selling
price of $376 per unit. Ignore income taxes and other costs that
are not mentioned in the table or in the question itself....
Davis Kitchen Supply produces stoves for commercial kitchens. The costs to manufacture and market the stoves...
Davis Kitchen Supply produces stoves for commercial kitchens. The costs to manufacture and market the stoves at the company's normal volume of 6,000 units per month are shown in the following table Unit manufacturing costs Variable materials $ 51 Variable labor 76 Variable overhead 26 Fixed overhead 61 Total unit manufacturing costs $ 214 Unit marketing costs Variable 26 Fixed 71 Total unit marketing costs 97 Total unit costs $ 311 Unless otherwise stated, assume that no connection exists between...
please only answer clearly Davis Kitchen Supply produces stoves for commercial kitchens. The costs to manufacture...
please only answer clearly
Davis Kitchen Supply produces stoves for commercial kitchens. The costs to manufacture and market the stoves at the company's normal volume of 6,000 units per month are shown in the following table. $47 Unit manufacturing costs Variable materials Variable labor Variable overhead Fixed overhead Total unit manufacturing costs Unit marketing costs Variable Fixed Total unit marketing costs Total unit costs $198 $287 Unless otherwise stated, assume that no connection exists between the situation described in each...
Davis Kitchen Supply produces stoves for commercial kitchens. The costs to manufacture and market the stoves...
Davis Kitchen Supply produces stoves for commercial kitchens. The costs to manufacture and market the stoves at the company's normal volume of 6,000 units per month are shown in the following table. Unit manufacturing costs Variable materials $ 42 Variable labor 67 Variable overhead 17 Fixed overhead 52 Total unit manufacturing costs $ 178 Unit marketing costs Variable 17 Fixed 62 Total unit marketing costs 79 Total unit costs $ 257 Unless otherwise stated, assume that no connection exists between...
2. Consumer surplus for an individual and a market The following graph shows Jacques's weekly demand for cheesecake, represented by the blue line. Point A represents a point along his weekly demand curve. The market price of cheesecake is $1.25 per slice, as shown by the horizontal black line. Jacques's Weekly Demand 2.50 Demand 2.25 2.00 1 75 1.50 Price 1 25 1,00 0.75 0.50 0 25 0 2468 101214 16 18 20 QUANTITY (Slices of cheesecake) for his 8th...
Exercise 18-5 The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Total Maintenance Costs Total Machine Hours Month January February March April May June $2,640 3,000 3,600 4,500 3,200 4,620 3,500 4,000 6,000 7,900 5,000 8,000 udy Exercise 18-8 All That Blooms provides environmentally friendly lawn services for homeowners. Its operating costs are as follows. Depreciation Advertising Insurance Weed and feed materials Direct labor Fuel $ 1,400...
Exercise 11-5 The controller of Hall Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Total Maintenance Costs Total Machine Hours Month January February March April May June $2,500 2,840 3,360 4,184 3,000 4,300 3,500 4,000 6,000 7,900 5,000 8,000 Determine the variable-cost components using the high-low method. (Round variable cost to 2 decimal places e.g. 12.25.) Variable cost per machine hours LINK TO TEXT LINK TO TEXT VIDEO: APPLIED SKILLS...
Suppose a firm producing table lamps has the following costs: Quantity 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 Average Total Cost $15.00 9.75 8.25 7.50 7.75 8.50 9.75 10.50 12.00 Ben and Jerry are managers at the company, and they have this discussion: Ben: We should produce 4,000 lamps per month because that will minimize our average costs. Jerry: But shouldn't we maximize profits rather than minimize costs? To maximize profits, don't we need to take demand into...
Davis Kitchen Supply produces stoves for commercial kitchens.
The costs to manufacture and market the stoves at the company's
normal volume of 6,000 units per month are shown in the following
table.
Unless otherwise stated, assume that no connection exists
between the situation described in each question; each is
independent. Unless otherwise stated, assume a regular selling
price of $376 per unit. Ignore income taxes and other costs that
are not mentioned in the table or in the question itself....
please only answer clearly
Davis Kitchen Supply produces stoves for commercial kitchens. The costs to manufacture and market the stoves at the company's normal volume of 6,000 units per month are shown in the following table. $47 Unit manufacturing costs Variable materials Variable labor Variable overhead Fixed overhead Total unit manufacturing costs Unit marketing costs Variable Fixed Total unit marketing costs Total unit costs $198 $287 Unless otherwise stated, assume that no connection exists between the situation described in each...
Most questions answered within 3 hours.
-
Computer Programming II CS141(Java)
Mention the appropriate relationship between following
classes:
HOD–StaffMember
Car–Ferrari
Student-Address
BankAccount–FixedAccount
House-Building...
asked 2 hours ago -
Assume one of your finals has 50 questions on it, and
lucky for you, it's all...
asked 3 hours ago -
Rice Products in Bangladesh
Business behavior is derived in large part from the basic cultural
environment...
asked 4 hours ago -
The following base sequence is found for a mRNA fragment from
wild-type E. coli: 5'- UAUCAGUAGAUAAUGUAACC-3'...
asked 5 hours ago -
For this exercise, round all regression parameters to three
decimal places.
One of the two tables...
asked 5 hours ago -
What is the 5% level of significance for mean = 3.60, standard
deviation = 0.94, and...
asked 5 hours ago -
Prior to beginning work on this discussion, please read the
article by Hayley Peterson, 15 Companies...
asked 6 hours ago -
Which pair of aqueous solutions, when mixed, will form a
precipitate?
A) NaNO3 and AgC2H3O2
B)...
asked 6 hours ago -
1-Write an algorithm to get two numbers from the user (as
inputs) and calculate the sum...
asked 9 hours ago -
Define white-collar crime. What is the difference between
offender and offense-based definitions of white-collar crime? What...
asked 10 hours ago -
Consider a reaction which is 1st order with respect to A and 1st
order with respect...
asked 10 hours ago -
c++
The length of the hypotenuse of a right-angled triangle is the
square root of the...
asked 10 hours ago