Required information [The following information applies to the questions displayed below] These questions relate to the Integrated Analytics Case: Bene Petit. Select the appropriate eBook link to open the Case Overview, Case Background, and Part 3: Managerial Decision Making. The following table summarizes the operating results for Bene Petit's first year of operations: Additional information about selling prices, variable costs, and fixed costs is summarized below: - The average sales price for customer meals is $5 per serving - The average direct materlals (ingredients) cost of customer meals is $1 per serving - Direct labor costs average $0.75 per customer meal. - Variable manufacturing overhead costs are applied at a rate equal to 60% of direct labor - The delivery expense for customer meals is $2 per customer order. - The incremental cost of producing the donoted meals is $1.25 per meal - The delivery expense for donated meals is $125 per delivery to community partners. - The following fixed costs are allocated to customer meals based on total sales revenue - Fixed manufacturing overhead costs are \$75,000 per yeat. - Fixed selling expenses are $29,000 per year. - Fued administrative expenses are $40,000 per year. The attached excel file shows a contribution margin income statement based on these starting assumptions You should return to this starting spreadsheet for each part of the case below Rers 3 eVP Analysis (starting date) 15x 1. Treat the following questions as independent scenarios. Use the starting spreadsheet to answer the following questions. a. What was Bene Petit's net operating income during the first year of operations? b. What was the average contribution margin per customer meal sold? c. What was the overall contribution margin ratio (as a percentage of total sales revenue)? Note: Enter the percentage to two decimal places. d. What is Bene Petit's degree of operating leverage for the first year of operations? Required information [The following information applies to the questions displayed below] These questions relate to the Integrated Analytics Case: Bene Petit. Select the appropriate eBook link to open the Case Overview, Case Background, and Part 3: Managerial Decision Making. The following table summarizes the operating results for Bene Petit's first year of operations: Additional information about selling prices, variable costs, and fixed costs is summarized below: - The average sales price for customer meals is $5 per serving - The average direct materlals (ingredients) cost of customer meals is $1 per serving - Direct labor costs average $0.75 per customer meal. - Variable manufacturing overhead costs are applied at a rate equal to 60% of direct labor - The delivery expense for customer meals is $2 per customer order. - The incremental cost of producing the donoted meals is $1.25 per meal - The delivery expense for donated meals is $125 per delivery to community partners. - The following fixed costs are allocated to customer meals based on total sales revenue - Fixed manufacturing overhead costs are \$75,000 per yeat. - Fixed selling expenses are $29,000 per year. - Fued administrative expenses are $40,000 per year. The attached excel file shows a contribution margin income statement based on these starting assumptions You should return to this starting spreadsheet for each part of the case below Rers 3 eVP Analysis (starting date) 15x 1. Treat the following questions as independent scenarios. Use the starting spreadsheet to answer the following questions. a. What was Bene Petit's net operating income during the first year of operations? b. What was the average contribution margin per customer meal sold? c. What was the overall contribution margin ratio (as a percentage of total sales revenue)? Note: Enter the percentage to two decimal places. d. What is Bene Petit's degree of operating leverage for the first year of operations
