$1,500 and the variable cost per cup of coffee served is $0.33.Required:1. Fill in the following table with your estimates of the company's total cost and average cost per cup of coffee at the indicated levelsof activity.2. Does the average cost per cup of coffee served increase, decrease, or remain the same as the number of cups of coffee served ina week increases?Complete this question by entering your answers in the tabs below.Required 1 Required 2Fill in the following table with your estimates of the company's total cost and average cost per cup of coffee at the indicatedlevels of activity.Note: Round the "Average cost per cup of coffee served" to 3 decimal places.Fixed costVariable costTotal costAverage cost per cup of coffee served$Cups of Coffee Served in a Week2,2002,1000 $Required 10 $2,300Required 2 >0Ch

The cost is divided into two - fixed cost and variable cost.. Variable cost is the one that changes…

Answered: $1,500 and the variable cost per cup of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A tile manufacturer has supplied the following data: 1. What is the company's unit contribution margin? $0.86B. $2.35C. $4.10D. $1.75 2. The company's contribution margin ratio is closest to: 42.7%B. 57.3%C. 45.8%D. 21.0% 3. If the company increases its unit sales volume by 3% without increasing its fixed expenses, then total net operating income should be closest to: $459,380B. $453,667C. $13,380D. $482,660
answer in text form please (without image)
Tan-O-Rama is a local tanning salon. Its regression output is as follows: Coefficients 4,591,46 2.42 Suppose that the company charges $6.20 per tanning session. Required: 1. Calculate the unit contribution margin. 2. Calculate contribution margin ratio. 3. Calculate the total contribution margin if the shop books 1,300 tanning sessions this month. Intercept X Variable 11 Complete this question by entering your answers in the tabs below. Unit CM CM Ratio Total CM Calculate the unit contribution margin. Note: Round your final answer to 2 decimal places. Unit Contribution Margin
please show all work and preferably on paper Question 2. The marketing manager for Tim Hortons is attempting to price a cup of coffee. She knows that the cost of the coffee is $0.14 per cup, and expenses are 30% of the regular selling price. She would like the coffee to achieve an 88.24% markup on selling price.a) What is the regular selling price for a cup of coffee?b) What is the profit per cup?c) What is the markup on cost percentage?
Using the high-low method, how much is the electricity costs if the actual machine hours used is 4,200? (SHOW SOLUTION)
Current operating income for Bay Area Cycles Company is $26,000. Selling price per unit is $100, the contribution margin ratio is 25%, and fixed expense is $104,000. Required: 1. Calculate Bay Area Cycle's per unit variable expense and contribution margin. How many units are currently being sold? 2. How many additional unit sales would be necessary to achieve operating income of $65,000? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate Bay Area Cycle's per unit variable expense and contribution margin. How many units are currently being sold? Revenue Variable expense Contribution margin Fixed expense Operating income $ Per Unit 100.00 Volume
2.) Beehive Company has the following per unit cost data for 5,000 units of production. $12 Direct materials Direct labor 9 Indirect materials 2 Indirect labor 3 Rent on the factory 5 ver 08. Answer the following questions. Round to two decimals when necessary. a.) If 6,000 units are produced, what is the variable cost per unit? $ b.) If 8,000 units are produced, what is the variable cost per unit? $002 c.) If 6,000 units are produced, what is the fixed cost per unit? $ d.) If 8,000 units are produced, what is the fixed cost per unit? $ e.) If 6,000 units are produced, what is the total fixed cost? $ f.) If 8,000 units are produced, what is the total fixed cost? $ g.) If 6,000 units are produced, what is the total manufacturing overhead costs? $ h.) If 8,000 units are produced, what is the total manufacturing cost? $ torl to noihog 1200 1200 bozit wel-doid 3.) Using the above information, develop a cost equation for Beehive Company. 4.) Use your cost equation to predict total costs for…
A delivery driver received a paycheck for $1360. The company pays $5 for each pick-up at the restaurant and $3 for each drop-off. The number of drop-offs was four times the number of pick-ups Let x be the number of pick-ups and y the number of drop-offs. Answer parts (a) through (c). Use systems of equations to work this applied problem SED (a) Write an equation that represents the total amount of the paycheck. The equation represents the total amount of the paycheck (Type your answer in general form.) (b) Write an equation that represents the relationship between the number of pick-ups and the number of drop-offs The equation represents the relationship between the number of pick-ups and the number of drop-offs (Type your answer in general form.) (c) Find the number of pick-ups and the number of drop-offs The number of pick-ups is x The number of drop-offs is y
PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULAS PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULASCC2) La Reina de Oriente, S.A., a company that sells sausages, knows that it pays its suppliers 10 times a year. To determine the average collection period it is known that the annual sales of the company were $5'183,220.00, of which 70% are on credit and the average balance of customers is $382,982.37, that is to say it is necessary to calculate the turnover of accounts receivable; and the average age of inventory is based on the inventory turnover, whose data to calculate it as the previous one are: Average inventory 153,192.95 and its annual cost of sales amounts to $1'002,716.78. The company spends about $12.5 million in operating cycle investments. It plans to make modifications to its policies so that it can reduce its PPC by 5 days, and its EPI by one (before converting it to days). Negotiations with your supplier to extend payment terms have not been…
Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $500 and the variable cost per cup of coffee served is $0.49. Required: Fill in the following table with your estimates of the company's total cost and average cost per cup of coffee at the indicated levels of activity. Does the average cost per cup of coffee served increase, decrease, or remain the same as the number of cups of coffee served in a week increases?
Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $1,400 and the variable cost per cup of coffee served is $0.83. Required: 1. Fill in the following table with your estimates of the company's total cost and average cost per cup of coffee at the indicated levels of activity. 2. Does the average cost per cup of coffee served increase, decrease, or remain the same as the number of cups of coffee served in a week increases? Complete this question by entering your answers in the tabs below. Required 1 Required 2 X Answer is complete but not entirely correct. Fill in the following table with your estimates of the company's total cost and average cost per cup of coffee at the indicated levels of activity. (Round the "Average cost per cup of coffee served" to 3 decimal places.) Fixed cost Variable cost Total cost Average cost per cup of coffee served 2,200 Cups of Coffee $ $ $ 2,300 Cups of Coffee 1,400 $ 1,188 X…
please can you work questions of A up-to D and we can count as 4 questions

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