Identify a sensible selling price for a cup of coffee with a food cost of $0.67 and overhead costs of $2.12
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- Harris Company produces a product whose cost is $25. Assuming the company uses a cost-plus pricing system, what selling price would the company set to earn a profit margin of 20% of cost? Multiple Choice O O O O $27.50 $30 $125 $5Mountain Air Coffee purchases green coffee beans from various suppliers and then roasts the coffee beans in its roasting facility. (Click the icon to view the manufacturing information.) Read the r Requireme First, selec 15-pound d Direct mat More info The roasted beans are sold in 15-pound cases to grocery stores and restaurants for $85 per case. Each case of roasted coffee beans requires 25 pounds of unroasted green coffee beans. The company can purchase the green coffee beans, including freight-ih and purchase discounts, for $2.50 per pound. Each case of roasted coffee beans requires 0.10 hours of direct labor in the production process. Direct laborers are paid $19 per hour, which includes payroll taxes and employee benefits. The company uses machine hours to allocate its manufacturing overhead. Each case of roasted coffee beans requires 0.20 machine hours to produce. The company expects to produce 750,000 cases of roasted coffee beans in the upcoming year. At this production…Suppose that the total cost to produce 200 units of a consumer item is C(200) = $3,315 and that the marginal cost at this production level is C'(200) = 14 dollars per unit made. Use this information to estimate the total cost C(205). Enter the exact integer value of your cost estimate such as 9823 or 12376 for example.
- The McGraw Company is accumulating data to be used in preparing its annual profit plan for the coming year. The cost behavior pattern of the maintenance costs must be determined. The accounting staff has suggested that linear regression be employed to derive an equation in the form of y = a + bx for maintenance costs. Data regarding the maintenance hours and costs for last year and the results of the regression analysis are as follows: (CMA adapted) Hours of January February March April May June July August September October November December Sum Average A coefficient B coefficient Standard error of the a coefficient Standard error of the b coefficient Standard error of the estimate R² T-value a T-value b Activity 480 320 400 300 500 310 320 520 490 470 350 340 4,800 400 49.515 0.12126 Maintenance Costs 4,200 3,000 3,600 2,820 4,350 2,960 3,030 4,470 4,260 4,050 3,300 3,160 $ $ 43,200 3,600 684.65 7.2884 34.469 0.99724 13.827 60.105 What is the variable cost per hour using the high-low…Bates Company plans to add a new item to its line of consumer product offerings. Two possible products are under consideration. Each unit of Product A costs $18 to produce and has a contribution margin of $9, while each unit of Product B costs $30 and has a contribution margin of $10. What is the differential revenue for this decision? Multiple Choice O O $21 $1 $13 $12K Suppose that a company offers quantity discounts. If up to 1,000 units are purchased, the unit price is $12; if more than 1,000 and up to 5,000 units are purchased, the unit price is $8.00; and if more than 5,000 units are purchased, the unit price is $7.50. Develop an Excel template using the VLOOKUP function to find the unit price associated with any order quantity and compute the total cost of the order. Complete the formulas in the spreadsheet below. Select the correct VLOOKUP function in cell C8 to find the unit price for the order quantity. (Type integers or decimals rounded to two decimal places as needed.) 1 2 3 5 6 7 8 6 A B C Purchase Quantity 1 to 1000 1001 to 5000 5001 or more Quantity Ordered Unit Price Total Cost 2400 D Unit Price $ $ $
- • Assume you run a bakery and you sell tarts. Below are the monthly data # tarts sold | total costs Jan 500 $500 Feb 350 $430 Mar 380 $470 Apr 540 $560 May 310 $320 Jun 360 $450 a) Estimate the fixed cost and variable cost using the high-low method. b) What are the fixed cost and variable cost using the Regression method? What is the R square? In this example, can you give ONE potential explanation why R square is not 1?Q. 8 Which following costs need to be considered for both make or buy options? O. Fixed overhead O. Variable overhead O. Rental revenue Q. 9 What is the per unit cost to purchase from the vendor? Round to the nearest penny. Q. 10 Based on your analysis, the CreativeStationary Co. should make the product in-house or buy them from the vender? O. Make O. Buy Do (Q8,9,10 plz)Calculator Calculate the per-unit contribution margin of a product that has a sale price of $180 if the variable costs per unit are $80. Contribution margin $ per unit
- Suppose that the demand for a product is given by Q = 25-0.25P. If the product's price is $128 per unit, how many units will consumers be willing to buy? 0 25A furniture manufacturer has a unit cost of $100 on an end table and wishes to achieve a margin of 60% based on selling price. If the manufacturer sells directly to a retailer who then adds a set margin of 50% based on selling price, determine the retail price charged to consumersCalculate the per-unit contribution margin of a product that has a sale price of $200 if the variable costs per unit are $65.