Question 2 of 50/ 1 8 :For Helen, one of the most exciting aspects of landing a full-time job was being able to buy a different car! Even though she will beworking in an urban area, she will need a reliable vehicle to travel to client locations outside the city. Helen is trying to decide if sheshould buy a new vehicle or a slightly used vehicle, or lease a new(er) vehicle. She has had her eye on a dazzling blue SUV; it stares ather every time she drives by the lot. But she's not sure if she can justify its cost.Here are the costs and benefits she has gathered for each of these options:Buy NewBuy UsedLease Midnight-Blue SUVMonthly payment$550$380$310 plus $2 per mile ifover10,000 miles per yearTime frame6 years4 years2 yearsWarrantyExcellent for 100,000Excellent for next 40,000 milesExcellent for length of leasemilesonlyFull coverage insurance$210 per month$165 per month$190 per monthOperating cost0 per mile$0.20 per mile$0.20 per mileExpected mileage per13,80013,80013,800yearSafety featuresMaximumModerateMaximum(a)Your answer is incorrect.Identify the relevant costs associated with each of Helen's three options. (Round answers to 2 decimal places, e.g. 15.25.)Buy NewBuy UsedLease Midnight Blue SUVTotal average monthly$Scost 1Question 3 of 5 05/1 = View Policies Show Attempt History Current Attempt in Progress One of the most popular phone accessory companies, Crane, has a reputation for unigque designs for its phone cases. Its cases fit anyversion of all the prominent manufacturers' phones. The competition in this market is becoming fierce, with phone manufacturersspending big money on their own accessories. Crane is unsure if it should continue to manufacture the phone cases or outsource themto simplify operations. Manufacturing costs for Crane are as follows; these costs support one eycle of production that yields 1,100 phone cases: Costs per Cycle to MakeDM $10,000DL 5,000Variable-MOH 3,000Fixed-MOH (total) 72.500 If Crane decides to purchase the cases, $58,270 of the fixed-MOH costs will be unavoidable. (a) ' V¥ Your answer is correct. Atwhat price would Crane be indifferent about making its own phone cases versus buying from a supplier? (Round answer to 2decimal places, e.g. 15.25) Price 5 29.3 | percase eTextbook and Media Attempts: 2 of 3 used Question 3 of 50.5/1(a)Your answer is correct.At what price would Crane be indifferent about making its own phone cases versus buying from a supplier? (Round answer to 2decimal places, e.g. 15.25.)Price$29.3per caseeTextbook and MediaAttempts: 2 of 3 used(c)Your answer is incorrect.If Crane could purchase similar quality phone cases from a supplier for $26 each, how much additional savings would it need tofind in its fixed costs for this to be an equally attractive quantitative option?Additional savings$eTextbook and MediaSave for Later |Last saved 4 hours ago.Attempts: 2 of 3 usedSubmit AnswerSaved work will be auto-submitted on the due date. Auto-submission can take up to 10 minutes. Question 4 of 5 067/1 = Current Attempt in Progress One of Carol's favorite things in the whole world is her grandma's banana bread. Carol has become so obsessed with this bread thatshe's using her grandma's recipe and making it for her friends. She and her friends have tweakad the recipe so that they can makedelicious banana chocolate chip mufiing and banana squares, too. They've turned this into a side business, selling their items to localconvenignce stores, There's one problem: the baked goods are best when well-ripened bananas are used. They're often available at a reduced price. Butwhen they're not, Carol has to buy green bananas at full price and wait for them ripen. Here are the typical costs and selling prices for each product. Bread Muffin Squares(per loaf) (per dozen) (per dozen)Selling price $3.70 $5.40 $4.10Variable costs 200 270 150(a) v Youranswer is correct. Carol would love to bake these items seven days a week, but availability of ripe bananas is a constraint. The following quantities ofripe bananas are required for each of the products Carol makes: banana bread requires 1.25 pounds, muffins require 1.00 pound,and squares require 0.75 pounds. How much is the contribution margin per pound? (Round answers to 2 decimal places, eg. 15.25) Bread Muffins Squares Contribution margin perpound $ 136 $ 2.7 3 3 Which product maximizes her profitability, given the constrained resource? Squares | maximize(s) her profitability. (b)Your AnswerCorrect AnswerYour answer is correct.The local convenience stores have told Carol that they can sell as many loaves of banana bread as she can supply, but they can onlysell a combined 20 dozen muffins and squares. In a given production period, if Carol has 25 pounds of ripened bananas to workwith, what quantities of each product should she make in order to maximize her profitability? (If no unit of an item is to be producedenter 0. Do not leave any field blank.)BreadMuffinsSquaresQuantity8loaves0dozen20dozene Textbook and MediaSolutionAttempts: 3 of 3 used(c )Your answer is incorrect.Calculate Carol's total contribution margin if she produces and sells at the quantities specified in part (b). (Round answer to 2decimal places, e.g. 15.25.)Total contribution margin$eTextbook and Media