Assignment: Fixed and Variable Costs‚ Break-Even Point Exercise 10.1 Recompute fixed costs‚ variable costs‚ and the BEP. What are the variable costs? What are the fixed costs? How many meals will the WHDM program need to provide during the fiscal year to reach the BEP? How much profit will the program earn if it completes its 45‚000-meal contract with the City of Westchester? The variable cost of service is $3.93 during the fiscal year the WHDM should provide 1‚011 meals to reach their
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BACKGROUND OF KRISPY KREME DOUGHNUTS Krispy Kreme Dougnuts was founded on July 13‚ 1937 in Winston-Salem‚ North Carolina‚ United States by Vemon Rudolph. The company became a publicly-traded company in April 2000. Krispy Kreme Doughnuts produces approximately 5.5 million doughnuts a day consisting of 20 varieties. Krispy Kreme Doughnuts serves customers in 395 stores where 40 stores are in the United States and the rest are in 10 foreign countries namely Australia‚ Canada‚ Hong Kong‚ Indonesia
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Store Manager / Assistant Manager Responsible for directing the daily operations of a single store. Operates in accordance with prescribed policies and practices. Ensures compliance with standards for customer relations‚ food costs‚ safety‚ sanitation‚ and product preparation and merchandising. May participate in image-building activities within local community. As highest management position within unit‚ is accountable for the unit and its operations at all times whether physically present or
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Cost management | Wilkerson Company Case | | 1. What is the competitive situation faced by Wilkerson? The competitive situation faced by Wilkerson is quite severe. Price cutting in its main product has led to a huge drop in profit. While price increase in another product line partially made up the loss. We will discuss the detailed situation line by line. (1) Valves It was the first product line developed by Wilkerson and its high quality brought it a loyal customer base. Even
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My mom and I we’re walking out of Krispy Kreme while I was eating a glazed donut. I hop in the car and hear my mom’s phone ringing‚ not thinking to much of it I carry on devouring my donut. Suddenly a man’s voice stops me eating my donut. “I’ve heard that voice before‚ who is that?” I said to my mom. Slowly she turns her head with the palest face I’ve ever seen her have. “It’s your dad...” she said. I shut down‚ not knowing what to say or do. Sitting there for a little I finally get the courage to
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During the Great Depression‚ there was little to no food for soldiers. Krispy Kreme Doughnuts were invented in the 1930s and it was a smashing hit. Krispy Kreme Doughnuts to this day is still a smashing hit. On July 13‚ 1937‚ the first Krispy Kreme store opened for business in Winston-Salem‚ North Carolina. The company’s success and quick rise to popularity were due both to the personal history of Vernon Rudolph‚ its owner‚ and the larger cultural history of doughnuts in America (and more specifically
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to customers entering its stores or using its drive-through windows‚ Krispy Kreme also uses its outlets as factories that additionally distribute fresh doughnuts for sale at convenience stores and supermarkets.
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1. The chief economist for Argus Corporation‚ a large appliance manufacturer‚ estimated the firm’s short-run cost function for vacuum cleaners using an average variable cost function of the form. AVC= a + bQ+ cQ^2 (the 2 is suppose to be exponent) Where AVC=dollars per vacuum cleaner and Q=number of vacuum cleaners produced each month. Total fixed cost each month is $180‚000. The following results were obtained: Dependent Variable:AVC R-Square
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1/1.5 / ¼.5= .67%/ 22%= 3.05 Ch 22 #7 1. Key Question A firm has fixed costs of $60 and variable costs as indicated in the table on the following page. Complete the table and check your calculations by referring to question 4 at the end of Chapter 23. 1. Graph total fixed cost‚ total variable cost‚ and total cost. Explain how the law of diminishing returns influences the shapes of the variable-cost and total-cost curves Graph AFC‚ AVC‚ ATC‚ and MC. Explain the derivation and shape of each
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Fixed cost are ones that don’t change in view of included factors (Fixed‚ variable‚ and negligible cost‚ 2017). There are few fixed expenses with working a vehicle. Fixed cost will incorporate the cost of the vehicle‚ the cost of protection‚ enlistment and property charges. These are cost the vehicle will acquire regardless of the possibility that it sits untouched in the carport. Be that as it may‚ once the vehicle moves it has variable expenses. These variable expenses incorporate gas‚ general
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