Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Quiz navigation Question 12 Take me to the text Partially correct Marked out of 25.00 Bagel Land operates a bagel store in Niagara Falls. The
Quiz navigation Question 12 Take me to the text Partially correct Marked out of 25.00 Bagel Land operates a bagel store in Niagara Falls. The owner has provided the following budgeted data for next year. Revenue $11,916 Fixed Costs $3,501 Variable Costs (depends on the # of bagels sold) $7,340 P Flag question For each of the following scenarios, determine the dollar impact on Bagel Land. Consider each scenario independently. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. Enter all values as positive values. Do not use the negative sign. i. A 3% increase in fixed costs. Revenue: No change $ 11916 Variable Costs: No change $ 7340 Fixed Costs: Increase by $ 3606 Contribution Margin: No change $ 4576 Budgeted Operating Profit: No change - $ 970 Contact us! ii. A 15% increase in contribution margin, but holding revenue constant. ii. A 15% increase in contribution margin, but holding revenue constant. Revenue: No change $ 11916 Variable Costs: No change $ 6654 Fixed Costs: No change - $ 3501 Contribution Margin: Increase by $ 5262 Budgeted Operating Profit: No change - $ 1761 ii. A 17% increase in fixed costs and 15% increase in units sold. Revenue: No change $ 13703 Variable Costs: Increase by $ 8441 Fixed Costs: Increase by $ 4096 Contribution Margin: No change - $ 5262 Budgeted Operating Profit: No change - $ 1166 Contact us! Check
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started