View PoliciesCurrent Attempt in ProgressBurger Queen offers a lunch meal deal for its customers. The customer will get a burger, fry, soft drink, and ice cream for $17. If thecustomer were to buy each item individually, the cost would be broken down as follows:BurgerFrySoft DrinkIce CreamUsing the stand-alone cost allocation, how must of the transaction price should be allocated to the fry, soft drink, and ice cream? (Donot round the intermediate calculations.)$3.40$3.40$8.50$4.25$4.00$4.50$0.5zero $4.50$3.20 $3.60$4.25 $3.40 $4.50zero $4.50

Cost allocation is the distribution of the cost to the appropriate activities based on the cost…

Answered: Burger Queen offers a lunch meal deal…

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter3: Setting Up A New Company

Section: Chapter Questions

Problem 4.5C

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Burger Queen offers a lunch meal deal for its customers. The customer will get a burger, fry, soft drink, and ice cream for $15. If the customer were to buy each item individually, the cost would be broken down as follows: Burger Fry Soft Drink Ice Cream $3.00 $3.75 Using the stand-alone cost allocation, how must of the transaction price should be allocated to the fry, soft drink, and ice cream? (Do not round the intermediate calculations.) $3.00 $7.50 $3.75 $0.5 $3.50 $4.00 $2.80 $3.20 $3.00 $4.00 zero $4.00 zero $4.00
The ingredients foryour skillet brownie cost $1.89. You want your food cost percentage for this item to be 30% or lower. What's the low price you can charge? Round to the nearest cent. Select one: a. $5.98 b. $6.00 c. $6.30 O d. $5.67
K Luigi's Restaurant offers a "buy one dinner get the other dinner for half price sale. The "half price" refers to the lower-priced dinner. A customer orders a pasta dinner with a regular price of $21.00, and a chicken dinner with a regular price of $11.00 (a) What was the overall markdown value at which the dinners were sold? (b) What was the overall markdown rate at which the dinners were sold? (a) The markdown value is S (Type an integer or a decimal.)
A popular e-commerce company caters to online food ordering and dining customers. They have three plans in which customer can opt for given below (In Rs): Delivery Cost Per Meal Discount on Dining Meal Delivery Cost Per Meal Plans Annual Membership Cost without Surge with Surge Basic 0.00% 25 50 0 Pro 25.00% 0 25 2000 Pro Plus 40.00% 0 0 4000 A typical customer has the following three scenarios for annual demand: No of No of Delivery Meals No of Delivery Meals without surge with surge Dining meals Scenario 1 10 30 0 Scenario 2 30 80 30 Scenario 3 50 50 50 On average, a dining meal cost at Rs 400 in restaurant (without any discount) and delivery meal cost Rs. 250 (Without any delivery charges). A typical customer decides her decision to choose plan based on the total annual cost (dining meal cost after discount + delivery meal cost including delivery charge + membership cost). Question 37 to 45 Please find the total annual cost for different combination of plan and scenarios Scenario 1…
C. Multiple Trade Discount1. An item listed for Php 4 000 has been given trade discounts of 30%, 20%,and 10% by the manufacturer. What single trade discounts rate isequivalent to this series of discounts?2. A starting fast-food restaurant wants to take advantage of theeconomies of scale to lower down its costs. It purchases raw materials involume to receive as much discount as possible. A large meat shop isgiving a 5/7/11 discount for bulk buyers. Beef meat is listed at Php 240 perkilogram. How much will the fast-food restaurant pay for buying 350kilograms of beef meat considering the discount offered?
CVP application—determine offering price Tommy Appleton is in charge ofarranging the “attitude adjustment” period and dinner for the monthly meetings of the local chapter of the Management Accountants Association. Tommy is negotiating with a new restaurant that would like to have the group’s business, and Tommy wants to apply some of the cost–volume–profit analysis concepts he has learned. The restaurant is proposing its regular menu prices of $4 for a beforedinner drink and $22 for dinner. Tommy has determined that, on average, the people attending the meeting have 1.5 drinks before dinner. He also believes that the contribution margin ratios for the drinks and dinner are 50% and 40%, respectively.Required:Prepare a memo to Tommy outlining the possible offers he might make to the restaurant owner, and recommend which offer he should make
The ingredients for your braised greens cost $1.32. You sell it for $4. What is your contribution margin? Select one: a. $3.18 b. $4 c. 0.31 d. $2.68 The ingredients foryour skillet brownie cost $1.89. You want your food cost percentage for this item to be 30% or lower. What's the low price you can charge? Round to the nearest cent. Select one: a. $5.98 b. $6.00 c. $6.30 d. $5.67 The price the product costs after processing is the Şelect one: a. Contribution Margin
Cost, Revenue, Profit You decide to begin selling ice cream cones at the local park and swap. Your cost for each ice cream cone is $1.33 plus you have to pay a fixed weekly fee of $240 for the booth. Your plan is to sell each ice cream cone for $2.75. 1. Write an expression to represent your total costs for the week if you sell n ice cream cones. Total Costs: 2. Write an expression to represent the revenue from the sale of n ice cream cones during the week. Revenue: 3. Write an expression that represents the profit for selling n ice cream cones in a given week. Profit: How many ice cream cones must you sell in order to make a positive profit? In order to make a positive profit, you would have to sell Select an answer ice cream cones. ↑
A catering company buys some items with a list price of $5,000. If the supplier extends trade discount rates of 45/30/5, find the net price using the net price factor, complement method.
Suppose you are the buyer for the housewares department of a department store. A number of vendors in your area carry similar lines of merchandise. On sets of microwavable serving bowls, Brand A offers a list price of $400 per dozen less a 35% trade discount. Brand B offers a similar set for a list price of $425 less a 42% trade discount. (a) Which vendor is offering the lower net price? Brand A Brand B (b) If you order 500 dozen sets of the bowls, how much money (in $) will be saved by using the lower-priced vendor?
Q1. Murray furniture store sells couches as a retailer. The wholesale cost to them of their most popular model of couch varies depending on how many they purchase for sale. For the first 200 couches the cost is $299 each; for the next 200 couches it drops to $250 each; and for every couch after that it costs $225. Create an excel function using the IF function to show the gross profit under the following scenarios: a. b. It sells at a price of $650 and 350 units are purchased for sale and sold It sells at a price of $625 and 300 units are purchased for sale and sold It sells at a price are $700 and 1,000 units are purchased for sale and sold C.
Apply mathematical skills around cost structures and appropriate equations to answer the following, inclusive of all associated workings to maximise marks: A convenience store buys 1-gallon jugs of milk for $2.99 and sells them for $4.29. What is the margin they earn on the milk? Please round your answer to the nearest tenth of a percent.

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