Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jackie's Creamery sells fudge, cookies, and popcorn to patrons in the local community. The manager at the creamery sold 13,000 total boxes of merchandise last

Jackie's Creamery sells fudge, cookies, and popcorn to patrons in the local community. The manager at the creamery sold 13,000 total boxes of merchandise last year. The popcorn outsold fudge by a margin of 2 to 1. The sales of caramels equaled the sales of popcorn. Total fixed costs for Jackie's Creamery total $14,000.

The managerial accountant at Jackie's Creamery reported the following information:

Product

Unit Sales Prices

Unit Variable Cost

Fudge

$ 4

$ 2

Caramels

$ 9

$ 4

Popcorn

$ 6

$ 2

Which formula should the managerial accountant use to determine the number of boxes of each different snack sold?

A. x + y + z = 13,000

B. x + 2x + 2x = 13,000

C. 3x + 2x + x = 13,000

D. none of the above

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_2

Step: 3

blur-text-image_3

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