Millie is looking at the sales forecast for the sales of classic waffles. She has given you some costs and revenue information to use when drawing a break-even chart. FORECASTS ... Variable costs Total fixed costs per month Sales price of the Classic Waffle $0.50 $800 $2.20 Millie Forecasts that up to 1800 people a month will buy a classic waffle at $2.20. Plot the following to draw a break-even chart for the classic waffles. Remember to label it fully (Costs, Revenue, Break-Even). You may find it helpful to complete the Activity Table before you start the chart. Finally shade the area wherein the profit is positive. Number of Waffles 1000 1800 Sales Revenue Variable Costs Fixed Costs Total Costs Break-even Quantity

What is the selling price of a dining room set at Macy's? Assume actual cost is $800 and 42% markup on selling price. Note: Round your answer to the nearest cent. Selling price

Round Tree Manor is a hotel that provides two types of rooms with three rental classes: Super Saver, Deluxe, and Business. The profit per night for each type of room and rental class is as follows:       Rental Class     Super Saver Deluxe Business Room Type I (Mountain View) $30 $35 - Type II (Street View) $15 $25 $35   Round Tree's management makes a forecast of the demand by rental class for each night in the future. A linear programming model developed to maximize profit is used to determine how many reservations to accept for each rental class. The demand forecast for a particular night is 130 rentals in the Super Saver class, 65 in the Deluxe class, and 45 in the Business class. Since these are the forecasted demands, Round Tree will take no more than these amounts of each reservation for each rental class. Round Tree has a limited number of each type of room. There are 90 Type I rooms and 130 Type II rooms.   (a) Formulate and solve a linear program to determine…

Suppose that the demand for a magazine is 2200 copies each week if the magazine is given away for free and drops to 1975 each week if the price is $5 per copy.  Find the demand function qD and use it to answer the following questions.  You may want to look at pages 71 through 73 in the notes (videos 52 and 53).a.  Fill in the blanks below to interpret the slope of the demand function.          For every $  Blank 1. Calculate the answer by read surrounding text. increase in price,  Blank 2. Calculate the answer by read surrounding text. fewer copies will be sold.b.  Determine how many copies of the magazine would be sold each week if the price was set at $11 per copy.           Blank 3. Calculate the answer by read surrounding text. copies

Last month Annie's Homemade sold 5,000 servings of ice cream for $5.00 each. Its variable cost is $1.25 per serving and its total fixed costs were $11,000. Required: 1. What was last month's margin of safety? 2. What was last month's margin of safety percentage? Complete this question by entering your answers in the tabs below. Required 1 Required 2 What was last month's margin of safety? Margin of safety

Use CVP and compute the food covers necessary to achieve break even for a single product restaurant with total fixed cost of $ 16,000, an average check of $ 15, and a variable cost per cover of $. 7.