Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I have included the answers according to the hw notes; however, my answers come out wrong. Please answer problem step by step from the beginning

image text in transcribed

I have included the answers according to the hw notes; however, my answers come out wrong. Please answer problem step by step from the beginning so that I can see how you came to the answer.

image text in transcribed HW 12 1. Bubba's Steakhouse has budgeted the following costs for a month in which 1, 600 steak dinners will be produced and sold; Materials = $4080 Hourly Labor (Variable) = $5200 Rent (Fixed) = $1, 570 Depreciation = $760 Other = $540 Each steak dinner sells for $13.60 each. How much would Shula's profit increase if 10 more dinners were sold? *The answer is 78. Please break down step by step all calculations from the very beginning. 2. Susan is trying to decide whether or not to attend college during the next 12-week session. She has the following options: 1. Attend college full-time at a cost of $1,200 2. Attend college part-time at a cost of $400 and work part-time earning $1, 600 3. Work full-time earning $4, 800 What is Susan's incremental profit if she chooses option 3 over option 2? *The answer is 3,600. Please break down step by step all calculations from the very beginning. 3. Total costs were $79,000 when 28,000 units were produced and $92,500 when 39,000 units were produced. Use the high-low method to find the estimated total costs for a production level of 32,000 units *The answer is 84, 381.56. Please break down step by step all calculations from the very beginning. 4. Swimkids is a swimsuit manufacturer. They sell swim suits at a selling price of $30 per unit. Swimkids variable costs are $18 per unit. Fixed costs are $81,000. Swimkids expects sales of $274,200 next year. What is Swimkid's margin of safety (in dollars)? *The answer is 71, 700. Please break down step by step all calculations from the very beginning

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

Symmetry Broken Symmetry And Topology In Modern Physics A First Course

Authors: Mike Guidry, Yang Sun

1st Edition

1316518612, 978-1316518618

Students also viewed these Finance questions

Question

What is the purpose and jurisdiction of the NLRB?

Answered: 1 week ago