Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ASSUME THAT EACH CUSTOMER WILL BUY ONE DONUT (or muffin) and one cup of coffee Munupul L. UN JULLO ASSIGNMENT DUE AT BEGINNING OF CLASS:

image text in transcribed
image text in transcribed
ASSUME THAT EACH CUSTOMER WILL BUY ONE DONUT (or muffin) and one cup of coffee
Munupul L. UN JULLO ASSIGNMENT DUE AT BEGINNING OF CLASS: We will use the following information to create the profit model. Based on the data in the tables below, create the profit model for Donuts to Go and Muffins to Go. Profit - Total revenue X num. of units - Variable Expenses X num. of units - Fixed Expenses (what are the values for Total Revenue, Variable Expenses and Fixed Expenses?) Assume that each customer will buy one donut(or muffin) and one cup of coffee, Come to class with both Profit Models written on a sheet of paper to hand in at the beginning of class. It will be part of your In-class activity grade for the day. Time period Donuts to Go Revenue: Cup of Coffee Revenue: Donut Donut ingredients per donunt) paper products: napkins, plates etc Insurance $4.00 $3.50 $0.60 per donut month $200.00 Maintenance & Repairs to equipment Marketing & Promotion: Advertising Coffee Coffee cups Payroll: Wages (Owner/ Manager) Payroll: Wages (per Employees) Donut and Coffee equipment rent Professional Fees: Accounting Professional Fees: Legal Powdered and Liquid Beverages Rent Previous research expense for Donuts advancements Supplies: Office Utilities month month per cup per cup month month month month month $0.00 $50.00 $0.25 $0.10 $2,500.00 $1,000.00 $500.00 $50.00 $25.00 $0.00 $1,000.00 month month month $1,500.00 $25.00 $200.00 Muffins to Go Time period MacBook AIN HIIULUI J.uy month TIVICOSIVICI I CG3. Loyai Powdered and Liquid Beverages Rent Previous research expense for Donuts advancements Supplies: Office Utilities $0.00 $1,000.00 month month $1,500.00 $25.00 $200.00 Muffins to Go Time period Revenue: Cup of Coffee Revenue: Muffin Muffin ingredients (per muffin) paper products: napkins, plates etc Insurance $4.00 $5.50 $1.20 per donut month $500.00 Maintenance & Repairs to equipment Marketing & Promotion: Advertising Coffee Coffee cups Payroll: Wages (Owner/ Manager Payroll: Wages (per Employees) Muffin and Coffee equipment rent Professional Fees: Accounting Professional Fees: Legal Powdered and Liquid Beverages Rent Previous research expense for Muffin advancements Supplies: Office Utilities month month per cup per cup month month month $0.00 $250.00 $0.25 $0.10 $2,500.00 $1,000.00 $2,500.00 $50.00 $25.00 $0.00 $2,000.00 month month month month $2,000.00 $25.00 $500.00

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

Students also viewed these Accounting questions