Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 15, 2024

In 2021, the average selling price per unit in Downtown Bistro was $15.35. 19,360 menu items were sold in bistro in that time period. The

In 2021, the average selling price per unit in Downtown Bistro was $15.35. 19,360 menu items were sold in bistro in that time period. The total fixed costs amounted to $142,408, and the total profit was $22,952. What was the variable rate In Downtown Bistro in 2021?

Select one:

a. .44

b. .56

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

Audit Risk Alert Employee Benefit Plans Industry Developments 2019

Audit Risk Alert Employee Benefit Plans Industry Developments 2019

Authors: AICPA

1st Edition

1948306867, 978-1948306867

More Books

Students also viewed these Accounting questions

Question

★★★★★

This problem is based on information taken from The Rating Guide to Life in Americas Fifty States, by G. S. Thomas. A random sample of n1 = 288 voters registered in the state of California showed...

Answered: 1 week ago

Question

★★★★★

Assume you buy a share of stock at $40, it pays $2.28in dividends, and you sell it 213 days later for $34. What is your annualized return? Enter a negative percentage for a loss and assume a 365-day...

Answered: 1 week ago

Question

★★★★★

48. Consider a Markov chain in steady state. Say that a k length run of zeroes ends at time m if Show that the probability of this event is 0(P0,0)k1(1 P0,0)2, where 0 is the limiting probability of...

Answered: 1 week ago

Question

★★★★★

Custom Chrome Inc. manufactures special chromed parts made to the order and specifications of the customer. It has two production departments, Stamping and Plating, and two service departments, Power...

Answered: 1 week ago

Question

★★★★★

In 2021, the average selling price per unit in Downtown Bistro was $15.35. 19,360 menu items were sold in bistro in that time period. The total fixed costs amounted to $142,408, and the total profit...

Answered: 1 week ago

Question

★★★★★

Sweet Publishing Co. publishes college textbooks that are sold to bookstores on the following terms. Each title has a fixed wholesale price, terms f.o.b. shipping point, and payment is due 60 days...

Answered: 1 week ago

Question

★★★★★

Capital restructuring refers to an organization's ability to substitute labor for capital, or vice versa as volume increases, depending upon which combination minimizes costs and/or maximizes...

Answered: 1 week ago

Question

★★★★★

Productivity data is most useful if it is collected Group of answer choices daily. monthly. annually. when a problem arises

Answered: 1 week ago

Question

★★★★★

Mellfor Insurance Group (MIG) has recently implemented a revised business strategy. Senior management wants to make sure that there are controls in place to monitor the progress of the integration of...

Answered: 1 week ago

Question

★★★★★

8. Disconnect a wire from the circuit and begin timing simultaneously. Record the voltage at 10 second intervals in Data Table 1 as the capacitor discharges to a voltage of 0 V. Note: The DMM leads...

Answered: 1 week ago

Question

★★★★★

Total marks for this assignment: 30 Once you have completed Unit 6, please submit Assignment 6 using the assignment submission tool in Moodle so that your Open Learning Faculty Member can grade it...

Answered: 1 week ago

Question

★★★★★

5-8 What are the advantages and disadvantages of the BYOD movement?

Answered: 1 week ago

Question

★★★★★

3. How do the concepts of capacity planning, scalability, and TCO apply to this case? Apply these concepts both to Amazon and to subscribers of its services. Cloud computing is taking off. The...

Answered: 1 week ago

Question

★★★★★

5-14 What are the advantages and disadvantages of allowing employees to use their personal smartphones for work? Just about everyone who has a smartphone wants to be able to bring it to work and use...

Answered: 1 week ago

Previous Question Next Question