g of g (1 complete) ? HW Score: 64.38%, 32.19 of 50 P2-51B (similar to) Question
ID: 2399402 • Letter: G
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g of g (1 complete) ? HW Score: 64.38%, 32.19 of 50 P2-51B (similar to) Question Help ! The owner of Central Park Restaurant is disappointed because the restaurant has been averaging per month, but the restaurant and wait staff can make and serve 7.000 pizzas per month. The variable cost (for 5,000 pizza sales example, ingredients) of each pizza is $1.30. Monthly fixed costs (for example, depreciation, property taxes, business license, and manager's salary) are $7,000 per month. The owner wants cost information about different volumes so that some operating decisions can be made. Read the requirements Requirement 1. Use the chart below to provide the owner with the cost information. Ther you answer the remaining questions. (Enter total variable costs to the nearest dollar. Enter costs per pizza, price per pizza and profit per pizza to the nearest cent.) Monthly pizza volume 3,500 5,000 7,000 Total fixed costs.KK Total variable costs. Total costs Enter any number in the edit fields and then click Check Answer 2 w???Explanation / Answer
Please hit LIKE button if this helped. For any further explanation, please put your query in comment, will get back to you. 1. A Monthly Pizza Volume 3500 5000 7000 B Total Fixed Cost 7000 7000 7000 C Total Variable Cost 1.3* Volume 4550 6500 9100 D Total Cost 11550 13500 16100 Fixed Cost per Pizza B/A 2 1.4 1 Variable Cost per Pizza C/A 1.3 1.3 1.3 Average cost per Pizza D/A 3.3 2.7 2.3 Selling Price per Pizza 6.25 6.25 6.25 Average Profit Per Pizza SP-Avg Cost 2.95 3.55 3.95 2. Companies want to operate at full capacity since higher the volume, lesser the cost per unit of Fixed Cost 3. 7000 Volume 5000 Volume New Total Sale 7000*5.75 40250 5000*6.25 31250 Less: Variable Cost 7000*1.3 9100 5000*1.3 6500 Fixed Cost 7000 7000 Profit at 7000 Volume 24150 17750 Increase in Profit 6400
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