Jibba Steakhouse has budgeted the following costs for a month in which 1,600 steak dinners will be produced and sold: Materials $4,080 = Hourly labor (variable) = $5,200 Rent (fixed) = $1,755 Depreciation = $770 Other fixed costs = $645 Each steak dinner sells for $13.00 each. How much would profit increase if 11 more dinners were sold?

Bubba Steakhouse has budgeted the following costs for a month in which 1,600 steak dinners will be produced and sold: Materials = $4,080 Hourly labor (variable) = $5,200 Rent (fixed) $1,755 Depreciation = $770 Other fixed costs = $530 Each steak dinner sells for $12.00 each. How much would profit increase if 10 more dinners were sold?

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Super Clinics offers one service that has the following annual cost and volume estimates: Variable cost per visit = $10 Annual direct fixed costs = $50,000 Allocation of overhead costs = $20,000 Expected volume = 1,000 visits What price per visit must be set if the clinic wants to make an annual profit of $10,000 on the full cost of the service?

Rachel Ltd. manufactures chopping boards. Each unit sells for €15. Variable costs are €5.50 per unit. Fixed costs are budgeted at €87,903.5 for the forthcoming financial year and the company expects to sell 15,000 units. What is the margin of safety (to the nearest €)? a) €54,597 b) €62,520 c) €138,795 d) €86,205

You need 1,000 units of product Y per month. You currently make product Y in-house at a cost of $7/unit, which consists of $2/unit of fixed costs and $5/unit of variable costs. An outside supplier has offered to manufacture product Y for you at a wholesale price of $2 per unit. If you outsource the production of Y to the outside supplier in the short term, your profit will: increase by $3,000 decrease by $2,000 remain the same decrease by $3,000 increase by $2,000

Photo Finish, Incorporated produces and sells picture frames. Variable costs are expected to be $17 per frame; fixed costs for the year are expected to total $130,000. The budgeted selling price is $25 per frame. The sales units required by Photo Finish to make a before-tax profit (πB) of $15,000 would be:   Multiple Choice   16,850 units.   11,625 units.   20,675 units.   28,350 units.   18,125 units.

Everton Furniture Company produces two kinds of chairs: an oak model and a chestnut wood model. The oak model sells for R60 and the chestnut wood model sells for R100. The variable expenses are as follows:     Oak Chestnut Variable production costs per unit R30 R35 Variable selling & admin. expenses per unit R6 R5  Expected sales in units next year are: 5 000 oak chairs and 1 000 chestnut chairs. Fixed expenses are budgeted at R135,000 per year. The yearly break-even point in total sales for the expected sales mix is:   A. R500 000   B. R270 000   C. R300 000   D. R485 000

Lush Lawn, Incorporated produces and sells electric lawn trimmers for $150 each. The variable costs of each mower total $110 while total monthly fixed costs are $6,240. Current monthly sales are $51,000. The company is considering a proposal that will decrease the selling price by 10%, increase monthly fixed costs by 50%, and increase unit sales to 500 units per month. Required: a. Compute the company's current break-even point in units and dollars. b. What is the company's current margin of safety in units, dollars, and percentage? a. Break-even point a. Break-even sales b. Margin of safety b. Margin of safety in dollars b. Margin of safety in ratio units unit %

Framing House, Inc. produces and sells picture frames. Variable costs are expected to be $15 per frame; fixed costs for the year are expected to total $170,000. The budgeted selling price is $23 per frame.   The sales dollars required to make a before-tax profit (πB) of $21,000 for Framing House would be: