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Exercise 19-07 a-b (Video) Bramble Repairs has 200 auto-maintenance service outlets nationwide. It performs primarily two lines of service: oil changes and brake repair. Oil change-related services represent 60% of its sales and provide a contribution margin ratio of 25%. Brake repair represents 40% of its sales and provides a 45% contribution margin ratio. The company's fixed costs are $15,589,200 (that is, $77,946 per service outlet) Your answer is incorrect. Try again. Calculate the dollar amount of each type of service that the company must provide in order to break even. (Use Weighted Average Contribution Margin Ratio rounded to 2 decimal places e.g. 0.25 and round final answers to O decimal places, e.g. 2,510.) Oil changes Brake repair LINK TO TEXT Your answer is incorrect. Try again. The company has a desired net income of $49,995 per service outlet. What is the dollar amount of each type of service that must be performed by each service outlet to meet its target net income per outlet? (Use Weighted-Average Contribution Margin Ratio rounded to 2 decimal places e.g. 0.25 and round final answers to 0 decimal places, e.g. 2,510.) Oil changes Brake repair Click if you would like to Show Work for this question: Open Show Work Problem 19-03A a-c (Video) (Part Level Submission) The Marigold Inn is a restaurant in Flagstaff, Arizona. It specializes in southwestern style meals in a moderate price range. Paul Weld, the manager of Marigold, has determined that during the last 2 years the sales mix and contribution margin ratio of its offerings are as follows. Appetizers Main entrees Desserts Beverages Percent of Total Sales 1590 50% 10% 25 % Contribution Margin Ratio 80 % 25 % 50 % 80 % Paul is considering a variety of options to try to improve the profitability of the restaurant. His goal is to generate a target net income of $118,000. The company has fixed costs of $1,268,000 per year. xYour answer is incorrect. Try again Paul believes the restaurant could greatly improve its profitability by reducing the complexity and selling price of its entrees to increase the number of clients that it serves. It would then more heavily market its appetizers and beverages. He is proposing to reduce the contribution margin ratio on the main entrees to 10% by dropping the average selling price. He envisions an expansion of the restaurant that would increase fixed costs by $583,450. At the same time, he is proposing to change the sales mix to the following Percent of Total Sales 25 % 25 % 10% 40 % Contribution Margin Ratio 80 % 10% 50 % 80 % Appetizers Main entrees Desserts Beverages Compute the total restaurant sales, and the sales of each product line that would be necessary to achieve the desired target net income. (Round intermediate calculations to 3 decimal places e.g. 10.251 and final answers to 0 decimal places, e.g 2,510.) Total restaurant sales $2,764,140.3 Sales from Each Product Appetizers 691,035.09 Main entrees 691,035.09 Desserts 276,414.04 Beverages 1,105,656.14 Click if you would like to Show Work for this question: Open Show Work Your answer is incorrect. Try again. Suppose that Paul reduces the selling price on entrees and increases fixed costs as proposed in part (b), but customers are not swayed by the marketing efforts and the sales mix remains what it was in part (a). Compute the total restaurant sales and the sales of each product line that would be necessary to achieve the desired target net income. (Round intermediate calculations to 3 decimal places e.g. 10.251 and final answers to O decimal places, e.g. 2,510) Total restaurant sales 3,978,686 Sales from Each Product Appetizers Main entrees Beverages Click if you would like to Show Work for this question: Qpen Show Work
