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Help please! (15 pts) A company makes frozen Mexican dinners and distributes them to restaurants. The data for 2016 were: 1. Chicken Tacos Beef Enchiladas
Help please! (15 pts) A company makes frozen Mexican dinners and distributes them to restaurants. The data for 2016 were: 1. Chicken Tacos Beef Enchiladas Selling Price Variable cost Number of units $5 $3 $7 $4 125,000 250,000 Fixed costs ware $735,000 and are not affected by the product mix. a) Compute their net income for 2016 b) Compute the break-even point in units, assuming the ratio of the products in the mix is as shown in the above table (15 pts) The following has historical data for a company's order department costs. Number of orders Cost ($1,000) 2. 10 20 40 70 80 100 230 280 240 320 420 450 a) Use the high-low method to produce an equation, which determines the cost asa function of the number of orders. b) What will it cost to process 120 orders? (15 pts) The Newark Museum is planning its annual fundraiser. The event committee has developed the following budget for the event. 3. Ballroom rental Entertainment Printing Food Decorations $2,900 $4,500 $600 plus $9 per guest $29 per guest $700 plus $5 per guest The committee expects 3,000 people will attend the event. a) Compute the fixed and variable costs of the event. b) Prepare the cost function. c) If the Newark Museum charges $100 per person, how much money will be raised by this event
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