Answer:
c. The firm will make an additional $4200 in income per day if it sells taco shells instead of tortillas.
Explanation:
Tortilla daily revenue: $8000
Tortilla daily cost: $22500
Taco shell daily revenue: $26,700
Taco shell daily cost: $8000 + $4200 = 12200
Additional income if Taco Shells sold instead of Tortillas: $26,700 - 22,500 = $4200
Answer:
They last for a certain period of time
Explanation:
Typically Certificates of Deposit are offered if the set amount is deposited and kept through the stated amount of time. (The length of the CD can be anywhere from 18 months to 3 years [most popular]) When the money is removed short of the stated time period a penalty is taken from the value of the CD.
Answer:
Variable cost per unit= $1.5
Fixed costs= $2,000
Explanation:
Giving the following information:
Miles Driven Total Cost
January 10,000 $17,000
February 8,000 13,500
March 9,000 14,400
April 7,000 12,500
<u>To calculate the variable and fixed costs under the high-low method, we need to use the following formula:</u>
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (17,000 - 12,500) / (10,000 - 7,000)
Variable cost per unit= $1.5
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 17,000 - (1.5*10,000)
Fixed costs= $2,000
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 12,500 - (1.5*7,000)
Fixed costs= $2,000
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Answer:
Plain = 450 per month
Flavored = 1800 per month
Explanation:
We will calculate the breakeven in composite units first and then separate the into both products to find out individual number of both products that needs to be sold to break even.
The breakeven in units = Fixed cost / composite contribution margin
The composite contribution margin per unit = Contribution of Product 1 * weight of product 1 + Contribution of product 2 * weight of product 2
Thus, the composite contribution margin (CM) per unit for Popped is,
CM per unit-composite units = (2-0.8) * 1/5 + (4-2.5) * 4/5 = $1.44 per unit
The breakeven in units = 3240 / 1.44 = 2250 units per month
Out of this,
Plain = 2250 * 1/5 = 450 unts
Flavored = 2250 * 4/5 = 1800
