None Question 54 ptsThe Night Owl Restaurant generates sales of $900,000 a month with variable costs of 30%.The salmon burger is one of the restaurants' most popular items with a price of $14 and a foodcost of 30%. The menu has 20 item and total sales average 20,000 menu items a month, ofwhich 25% are Salmon burgers. What is the profit factor for the salmon burger?O1.20O 0.931.491.56◄ PreviousNext

To calculate the **profit factor** for the salmon burger at the Night Owl Restaurant, we need to use…

Answered: Question 5 4 pts The Night Owl…

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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QUESTION 20 A company sells mattresses for $390 each. To produce a batch of æ mattresses, there is a cost of $198 per mattress and a fixed or setup cost of $10,700 for the entire batch. Determine a function that gives the profit in terms of the number of mattresses produced. What will the company's profit be, in dollars, if they produce and sell 190 mattresses? Include a negative sign in your answer if the profit is negative. Provide your answer below:
Problem 21 same les 361 Use CVP and compute the sales revenue necessary to achieve an IBIT of $162.000 for a multi-product restaurant with total fixed costs of $150,000 from the information below: Sales Contribution Mix Margin 60% 40% Food 40% 70% Beverage
Knowledge Check 02 Cartier Corporation currently sells its products for $50 per unit. The company's variable costs are $20 per unit. Fixed expenses amount to a total of $5,000 per month. What is the company's variable cost ratio? 40% 60% 100% 20%
esc QUESTION 12 Indiana Bones, Inc., produces and sells 2,000 units of a single product, a deluxe dog house: Selling price per unit Variable cost per unit Annual fixed cost What is the company's breakeven point in sales dollars? Round your answer to the nearest whole dollar. Click Save and Submit to save and submit. Click Save All Answers to save all answers. MacBook Pro # $ 4323 4 2 ! 1 Q W E R do L % 5 T < C 6 & Y 7 I * 8 U $5,000 $1,000 $500,000 9 J -
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Problem 20 Use CVP and compute the sales revenue necessary to achieve an IBIT of $162,000 for a multi-product restaurant from the information below. Food Beverage Total Sales $240,000 000'091 192,000 VC %00 CM 0000 112,000 208,000 52% FC 000ʻ96 IBIT 000's
PROBLEM 7 Tito Company sells several products. Information of average revenue and costs are as follows: Selling price per unitPhp20.00 Variable costs per unit: Direct materialsPhp4.00 Direct manufacturing labor Php1.60 Manufacturing overhead Php0.40 Selling costsPhp2.00 Annual fixed costs Php96,000 26. Calculate the contribution margin per unit. 27. Calculate the number of units Tito's must sell each year to break even. 28. Determine the breakeven point in peso. 29. Calculate the number of units Tito's must sell to yield a profit of Php144,000. PROBLEM
Question 9.3 Sun Rise Grocers (SRG) orders most of its items in lot sizes of 10 units. Average annual demand per side of chicken is 720 units per year. Ordering costs are $25 per order with an average purchasing price of $100. Annual inventory carrying costs are estimated to be 40 percent of the unit cost. Required Determine the economic order quantity. Determine the annual cost savings if the shop changes from an order size of 10 units to the economic order quantity. Since the shelf life is limited the Sun Rise Grocers must keep the inventory moving. Assuming a 360-day year, determine the optimal lot size under each of the following: (1) a 20-day shelf life and (2) a 10-day shelf life.
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Selling price per unit Variable cost per unit Board feet per unit Monthly demand Chairs $80 $30 2 600 Tables $400 $200 a. 500 chairs and 100 tables b. 600 chairs and 80 tables c. 500 chairs and 80 tables d. 600 chairs and 100 tables 10 100 The company's supplier of hardwood will only be able to supply 2,000 board feet this month. What plan would maximize profits?

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