Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need #3 Save Homework: Chapter 7-Homework Score: 1.14 of 2 pts 7 of 8 (7 complete) W T17-4 (similar to) HW Score: 71.43%, 7.14 of

need #3 image text in transcribed
image text in transcribed
Save Homework: Chapter 7-Homework Score: 1.14 of 2 pts 7 of 8 (7 complete) W T17-4 (similar to) HW Score: 71.43%, 7.14 of 10 pts Question Help Rosie runs her own hot dog stand on the U of A campus. The monthly cost of the cart rental and business permit is $500. Rosie's contribution margin is $1.00 per hot dog sold. She has recently added individual servings of potatos chips to her product offering. Each bag of potato chips has a contribution margin of $1.00 per bag. Rosie sells bags of potato chips for every 12 hot dogs. 1. What is Rosie's weighted average contribution margin per unit? 2. How many total units much Rosie sell in a month to earn a target monthly profit of $900? 3. Of the total units needed to earn $900 of profit, how many are hot dogs and how many are bags of potato chips? 1. What is Rosie's weighted average contribution margin per unit? (Round the weighted average contribution margin per unit to the nearest cent"XX") Total in "basket Hotdogs 1.00 Potato chips 1.00 Contribution margin per unit $ Multiply by: Sales mix (number of units in "basket") Contribution margin 12.00 $ 9.00 $ 21.00 Weighted average contribution margin per unit 2. How many total units much Rosie sell in a month to earn a target monthly profit of $900? Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clear All Check Answer Save Homework: Chapter7-Homework Score: 1.14 of 2 pts 7 of 8 (7 complete) TI7-4 (similar to) HW Score: 71.43%, 7.14 of 10 pts Question Help Rosie runs her own hot dog stand on the U of Acampus. The monthly cost of the cart rental and business permit is $500. Rosie's contribution margin is $1.00 per hot dog sold. She has recently added individual servings of potato chips to her product offering. Each bag of potato chips has a contribution margin of $1.00 per bag. Rosie seils 9 bags of potato chips for every 12 hot dogs. 1. What is Rosie's weighted average contribution margin per unit? 2. How many total units much Rosie sell in a month to earn a target monthly profit of $900? 3. Of the total units needed to earn $900 of profit, how many are hot dogs and how many are bags of potato chips? 2. How many total units much Rosie sell in a month to earn a target monthly profit of $900? First identify the formula, then compute the breakeven point in units. (Enter decimals to two places, "XX". Round your answer to the nearest unit.) ( Fixed expenses Operating income Contribution margin per unit Breakeven units 500 1.00 1.400 ($ 900 3. Of the total units needed to earn $900 of profit, how many are hot dogs and how many are bags of potato chips? First identify the formula, then compute the breakeven unit per item Operating income ( Fixed expenses 1 Operating income ) - Breakeven unit per item Hot dog Potato chips Choose from any list or enter any number in the input fields and then click Check Answer All parts showing Clear All Check

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions