Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Moving to another question will save this Question 1 Brianna's Bartending School provides cocktail making lessons. The following data is provided with respect to

image text in transcribed

Moving to another question will save this Question 1 Brianna's Bartending School provides cocktail making lessons. The following data is provided with respect to the last 12 months of activity ending 30 June 2020: Lesson selling price Lesson labour cost $68.00 per lesson $13.00 per lesson Annual fixed rental cost $11,500 Lesson dance supplies cost (new $9.00 per lesson each lesson) Fill in the blank for the following 6 questions. Round to whole numbers. DO NOT USE SPACES, COMMAS OR OTHER NOTATIONS IN YOUR ANSWERS 1 Contribution Margin in dollars ($) 2 Contribution margin percentage ($) 3 Breakeven point in units 4 Breakeven point in dollars ($) 2 marks 2 marks 3 marks 3 marks 5 Margin of safety in units if Brianne sells 450 lessons 2 marks 6 Breakeven in dollars ($) if Brianna wants to eam $25,000 in profit 3 marks

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

Recommended Textbook for

Management and Cost Accounting

Authors: Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, George Foster

4th edition

1405888202, 978-0273711490, 273711490, 978-1405888202

More Books

Students also viewed these Accounting questions

Question

What is a share premium? How is it recorded?

Answered: 1 week ago

Question

Explain the process of Human Resource Planning.

Answered: 1 week ago

Question

Apply the law of negligence to specific fact situations

Answered: 1 week ago