Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

these are two different problems. Tommy Solomon is selling candy bars to help send his high school band to Washington DC The candy bars cost

image text in transcribed
these are two different problems.
image text in transcribed
image text in transcribed
Tommy Solomon is selling candy bars to help send his high school band to Washington DC The candy bars cost 60 cents each and he plans to sell them for $1.00 each. He spends 560 on on printing and another $50 for a booth at the high school fair. Tommy sells 195 candy bars. 1 Create a contribution margin income statement for Tommy's venture. 2 How many candy bars does Tommy need to sell to breakeven? Valerie cwn a flower shop. She has a van todeller fowers Use the following data to answer the FOUR questions below Month January 15.000 $ 16.2005 5.340 5. 15.100 $ 4920 ) Show your work 1 What is Valeries's van perwing cost formulasing the high low method 2 How much does Valerie project here Augustan operating cost to be using the high w hen the Valerie' van operating formula using regression How much does Valerie project here Augustan operating cost to be using regression to the rest Tommy Solomon is selling candy bars to help send his high school band to Washington DC. The candy bars cost 60 cents each and he plans to sell them for $1.00 each. He spends $60 on on printing and another $50 for a booth at the high school fair. Tommy sells 195 candy bars. 1 Create a contribution margin income statement for Tommy's venture. 2 How many candy bars does Tommy need to sell to breakeven? Valerie owns a flower shop. She has a van to deliver flowers. Use the following data to answer the FOUR questions below. Month January February March April May June July August Van Operating Costs Miles Costs 16,000 $ 5,490 17,500 $ 5,700 14,900 $ 4,910 16,200 $ 5,340 16,900 $ 5,820 15,100 $ 5,410 14,500 $ 4,920 16,000 ? Show your work 1 What is Valeries's van operating cost formula using the high-low method? 2 How much does Valerie project here August van operating cost to be using the high-low method to the nearest $)? 3 What is Valeries's van operating cost formula using regression? 4 How much does Valerie project here August van operating cost to be using regression to the nearest )

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_2

Step: 3

blur-text-image_3

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

More Books

Students also viewed these Accounting questions

Question

1. Why do people tell lies on their CVs?

Answered: 1 week ago

Question

2. What is the difference between an embellishment and a lie?

Answered: 1 week ago