Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Answer the following questions: Data: Price per meal: Cost per meal: $ 0.35 $ 0.225 Margin needed to cover FIXED costs $ 0.125 Questions:

image text in transcribed

Answer the following questions: Data: Price per meal: Cost per meal: $ 0.35 $ 0.225 Margin needed to cover FIXED costs $ 0.125 Questions: 1) Our original goal was to pack 100,000 meals, how much would we need to fundraise to achieve that goal? 2) We raised $21,300, how many meals will we be able to pack? 3) What is the Contribution Margin per meal? 4) What would you call the rice, beans, spices, dried veges, and the bag which are the main ingredients for the meal? 5) How much is the labor for meal assembly? 6) What do you think are some of The Pack Shacks fixed costs?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Ray Garrison, Theresa Libby, Alan Webb

9th canadian edition

1259269477, 978-1259269479, 978-1259024900

More Books

Students also viewed these Accounting questions

Question

CL I P COL Astro- L(1-cas0) Lsing *A=2 L sin(0/2)

Answered: 1 week ago