All categories

3 years ago

Sophia's Restaurant served 5,000 meals last quarter.

Business

1 answer:

aalyn [17]3 years ago

4 0

Answer:

Explanation:

Variable costs:

Ingredients used=$14,000

Direct labor=$10,500

Indirect materials and supplies=$5,300

Utilities=$1,700

Total Variable costs=$31,500

Fixed costs:

Managers' salaries=$22,000

Rent=$18,000

Depreciation on equipment (straight-line, time basis)=$2,000

Other fixed costs=$3,000

Total Fixed cost=$45,000

Total Cost = Total Variable cost + Total Fixed cost=

=31,500+45,000 = $76,500

Unit costs = Total cost / Number of meals = 76,500/4,500 = $17

You might be interested in

The ppt slides suggest the use of control charts and using deming's ideas of quality control to help with the management of asth

hichkok12 [17]

The Deming's ideas of QC work in any process, including health conditions. If the randomly chose asthma patients are checked regularly/periodically and they follow the Demings' rule, it may be concluded that the treatment regime is successful at the required levels of health.

6 0

3 years ago

An investor purchased 100 shares of the cdl growth and income fund 3 years ago when the pop was $12 and the nav was $11.50. all

Norma-Jean [14]

The investor will show a capital loss of $155.

We gather the following information from this question:

Pop of the fund three years ago : $12

NAV of the fund three years ago : $11.50

Current Pop : $11

Current NAV : $10.45

Number of shares : 100 shares.

We need to calculate capital loss or gain on the 100 shares in the mutual fund.

While taking the cost per unit, we need to consider the public-offer-price (pop) into consideration, since an investor can only buy the shares at pop.

Similarly, while selling the shares, the shareholder can liquidate his position by selling back to the mutual fund at the NAV prevailing at the end of the business day on which he wants to sell.

So, the formula to calculate capital gain or loss is:

$Capital gain or (loss) = (NAV per unit at liquidation - POP at purchase ) * No. of shares$

$Capital gain or (loss) = ($10.45 - $12 ) * 100$

$Capital gain or (loss) = ($155)$

3 0

3 years ago

Convert the following temperature to Celsius scale (a) 450 k, (b) 273 k, (c) 73 k.

masya89 [10]

Answer: See explanation

Explanation:

To convert to Celcius scale from Kelvin, the formula to use is:

Temperature in Celcius = Temperature in Kelvin - 273

a. 450k

Temperature in Celcius = Temperature in Kelvin - 273

= 450 - 273

= 177°Celcius

(b) 273 k

Temperature in Celcius = Temperature in Kelvin - 273

= 273 - 273

= 0°C

Temperature in Celcius = Temperature in Kelvin - 273

= 73 - 273

= -200°C

6 0

3 years ago

Please help me anyone (picture attached)

sergey [27]

Answer:

Im not entirely sure, but i think

2. Should be D

3. Should be A

(i could be wrong but im about 90 percent sure those r right)

Explanation:

3 0

2 years ago

Presented below is information related to Splish Company. Cost Retail Beginning inventory $362,797 $286,000 Purchases 1,370,000

KiRa [710]

Answer:

$200,455

Explanation:

For calculating the inventory by the conventional retail inventory method. we required to do the following computations which are shown below:

Using cost method

Goods available for sale:

= Beginning inventory + Purchases

= $362,797 + $1,370,000

= $1,732,797

Using retail method

Goods available for sale:

= Beginning inventory + Purchases + Net markups - Net markdowns

= $286,000 + $2,145,000 + $80,300 - $27,800

= $2,483,500

Now

Cost to retail ratio = $1,732,797 ÷ ($286,000 + $2,145,000 + $80,300)

= $1,732,797 ÷ $2,511,300

= 0.69

Now

Estimated ending inventory at retail

= Goods available for sale under Retail method - Sales revenue

= $2,483,500 - $2,193,000

= $290,500

So,

Estimated ending inventory at cost:

= Estimated ending inventory at retail × Cost to retail ratio

= $290,500 × 0.69

= $200,455

5 0

3 years ago