Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The manager of a dessert cafe wants to determine the necessary volume of sales dollars next month to break-even. There are three sales categories: desserts,

image text in transcribed

The manager of a dessert cafe wants to determine the necessary volume of sales dollars next month to break-even. There are three sales categories: desserts, liquor, coffee. The following table gives estimates the cost per unit, the selling price per unit, and the percentage revenue for each category. The fixed cost for running the cafe (that is, rent, utilities, etc.) is $31800 per month. What is the profit margin for Coffee? Specify as a number with two decimal digits by rounding. What is the break-even point in dollars per month

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

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

Recommended Textbook for

Working Papers Volume 1 To Accompany Weygandt Financial And Managerial Accounting

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

1st Edition

1118233468, 978-1118233467

More Books

Students also viewed these Accounting questions

Question

11.6 Prediction

Answered: 1 week ago

Question

What is dividend payout ratio ?

Answered: 1 week ago

Question

Explain the factors affecting dividend policy in detail.

Answered: 1 week ago

Question

Working with other project stakeholders for support.

Answered: 1 week ago

Question

Knowledge of project management (PMI) teachings

Answered: 1 week ago