(b) If you bought 6 tacos and 2 burritos are you maximizing your utility? Explain. Below are some financial data for the Do Drop In convenience store. The owners have put $40‚000 into the business and they worked a total of 80 hours during the week. Savings accounts are currently paying 5.2% interest and the going wage rate is $8 per hour. 7. Refer to the information above to answer this question. What is the week ’s economic profit for the Do Drop In? A. -$320
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per ton Government tax 50 per ton Total $130 per ton Fixed costs per month 0 to 100 tons of capacity per day = $150‚000 101 to 200 tons of capacity per day = $300‚000 201 to 300 tons of capacity per day = $450‚000 2. [pic] The concept of relevant range is potentially relevant for both graphs. However‚ the question does not place restrictions on the unit variable costs. The relevant range for the total fixed costs is from 0 to 100 tons; 101 to 200 tons; 201
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Question 1- Analyze the following transaction under traditional approach. 18.1.2011 Received a cheque from a customer‚ Sanjay at 5 p.m. Rs.20‚000 19.1.2011 Paid Ramu by cheque Rs.1‚50‚000 20.1.2011 Paid salary Rs. 30‚000 20.1.2011 Paid rent by cheque Rs. 8‚000 21.1.2011 Goods withdrawn for personal use Rs. 5‚000 25.1.2011 Paid an advance to suppliers of goods Rs. 1‚00‚000 26.1.2011 Received an advance from customers Rs. 3‚00‚000 31.1.2011 Paid interest on loan Rs. 5‚000 31.1.2011 Paid
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SUBJECT CODE – MB0041 SUBJECT NAME – FINANCIAL AND MANAGEMENT ACCOUNTING Ques. 1- Analyze the following transaction under traditional approach. a. 18.1.2011 Received a cheque from a customer‚ Sanjay at 5 p.m. Rs.20‚ 000 b. 19.1.2011 Paid Ramu by cheque Rs.1‚ 50‚000 c. 20.1.2011 Paid salary Rs. 30‚000 d. 20.1.2011 Paid rent by cheque Rs. 8‚000 e. 21.1.2011 Goods withdrawn for personal use Rs. 5‚000 f. 25.1.2011 Paid an advance to suppliers of goods Rs. 1‚00‚000 g. 26.1.2011 Received an advance
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Q1. A company has the following costs and revenues relating to a product Selling price £114.00 Less Labour @ £8.50 per hour £42.50 Raw materials @ £2.80 per kg. £25.20 Variable overheads £ 8.80 Fixed cost per unit £ 7.50 = Profit per unit £30.00 What is the contribution margin? Contribution margin = Selling price - Variable Costs = Selling price - (Labour + Raw materials + Variable overheads) = £114 - (£42.50 + £25.20 + £8.80) = £37.50 Q2. A winemaker
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to reach their BEP of $3‚665.76. The total profit the program will earn if it completes its contract of 45‚000 meals is $1‚859.77. 1. The difference = subtracting the low from the high with the months given. 4‚900 – 3‚500 = 1‚400 The differences in costs = subtracting the low from the high time period costs $26‚000 - $20‚500 = $5‚500 The variable cost per unit = dividing the difference in cost by the difference in service $5‚500 / 1‚400 = $3.93 Total variable cost = multiplying the variable
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25% Direct materials purchased $170‚800 Direct Materials‚ 1/1/2004 $21‚000 Work-in-Process‚ 1/1/2004 $17‚000 Finished Goods‚ 1/1/2004 $7‚000 Conversion Costs $244‚200 Cost of Goods Avail. for sale $386‚000 Conversion costs equal 60% of total mfg. cost during the period. What was the cost of Finished Goods inventory destroyed? What was the cost of Work-in-Process inventory destroyed? How much Direct Materials inventory was destroyed? 2.
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number of individual inventory or total sales of a company within a particular timeframe. In the case of Pizza Hut‚ the volume sold for the 7556 U.S locations was recorded in 2012 as: Specific Inventory | Amount sold in individual stores | Amount sold in USA | Pizza | 825‚227 | 6‚235‚415‚212 | Chicken Meals | 508‚926 | 3‚845‚444‚856 | Side Dishes | 411‚708 | 3‚337‚545‚648 | Desserts | 139‚890 | 1‚057‚008‚840 | Beverages | 721‚926 | 5‚454‚827‚856 | Total Amount Sold | 2‚607‚677 | 19‚930
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variable cost component (b) = Change in total cost / Change in activity level Here‚ highest activity level is on month 5 = 502 machine hours; lowest level of activity is on month 3 = 410 machine hours b= (2705 – 2484) / (502 – 410) = 2.40 Activity level High Low Total Cost $2‚705 $2‚484 Less: Variable costs 502 × 2.40 1205 410 × 2.40 984 Total Fixed costs 1500 1500 So‚ the fixed overhead cost is $1‚500 (using the machine hour estimate). Month Total Overhead cost Fixed Cost Monthly variable
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products are differentiated‚ and there is easy entry and exit. The products are differentiated by the brand name; product attributes‚ and has the perfect environment. The owner will look at the elasticity of demand‚ profit maximizing‚ break-even point‚ total revenue test‚ marginal cost and revenue‚ barriers to entry‚ pricing and nonpricing strategies‚ and product differentiation. The owner needs to take into consideration the business cycle of the current economy‚ how to plan during this time‚ the effect
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