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Use the following scenario for questions 7 and 8. TropBar sells smoothies for $5 each. The fruit, juice, and yogurt cost the company $0.75 per
Use the following scenario for questions 7 and 8. TropBar sells smoothies for $5 each. The fruit, juice, and yogurt cost the company $0.75 per smoothie. Labor to produce the smoothie is $0.25 per smoothie. Variable manufacturing overhead per smoothie is $0.50. The company has fixed costs of S14,000. 7. If TropBar sells 7,000 smoothies, determine its total cost. a. $24,500 b. $49,000 c. $21,000 d. $10,500 e. $35,000 8. If TropBar sells 10,000 smoothies, determine the cost of producing each smoothie. a. $1.50 b. $2.60 c. $1.00 d. $3.50 e. $2.90
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