mpt=52890&cmid=43065&page=4 icklinks Practice Quiz_Unit 2 Cost Behaviour AS ផ Time left 0:28:49 d 5 out of The cafeteria department at Fuller Restaurant has experienced the following costs and number of meals served for the first six months of the year: question Month January February March W F6 >/11 April May June Cafeteria Cost # of Meals Served $12,250 4,100 $10,060 3,200 $16,200 5,300 $22,100 7,500 $14,500 4,800 $18,340 6,600 Fuller Company uses the high-low method to analyze mixed costs. The cost function which can be used to estimate the costs of running the cafeteria is: Select one: Oa. y= $1,100 + $2.80x O b. y=$8,908 + $0.36x O c. y= $268 + $3.06x O d. y= $19,625 + $0.33x Clear my choice F7 144 F8 & 7 144 F9 F10 Insert 8 9 B 28°C Clear 4) F11 F12 Prt Scr Num Lk SysRa Pause Break Delete Backspar

mpt=52890&cmid=43065&page=4 icklinks Practice Quiz_Unit 2 Cost Behaviour AS ផ Time left 0:28:49 d 5 out of The cafeteria department at Fuller Restaurant has experienced the following costs and number of meals served for the first six months of the year: question Month January February March W F6 >/11 April May June Cafeteria Cost # of Meals Served $12,250 4,100 $10,060 3,200 $16,200 5,300 $22,100 7,500 $14,500 4,800 $18,340 6,600 Fuller Company uses the high-low method to analyze mixed costs. The cost function which can be used to estimate the costs of running the cafeteria is: Select one: Oa. y= $1,100 + $2.80x O b. y=$8,908 + $0.36x O c. y= $268 + $3.06x O d. y= $19,625 + $0.33x Clear my choice F7 144 F8 & 7 144 F9 F10 Insert 8 9 B 28°C Clear 4) F11 F12 Prt Scr Num Lk SysRa Pause Break Delete Backspar

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter7: Allocating Costs Of Support Departments And Joint Products

Section: Chapter Questions

Problem 30E: A company uses charging rates to allocate service department costs to the using departments. The...

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Take me to the text Lonely Restaurant has determined the following amounts related to costs of menu items. Per Meal Total $4.00 $3.40 $2.70 Direct Materials Direct Labour Variable Overhead Fixed Overhead Selling and Administrative Expenses Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. If Lonely Restaurant plans to serve 560 meals, what is the full cost of a meal? Full Cost: $ $1,064 $1,000 Check
* CengageNOWw2| Online teachi M (no subject)- morganmcgrew4@ X n/ilm/takeAssignment/takeAssignmentMain.do?invoker3&takeAssignmentSessionLocator=&inprogress3false Update eBook Show Me How Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's (MCD) company-owned restaurants had the following sales and expenses (in millions): Sales $37,300 Food and packaging $(13,431) Рayroll (9,400) Occupancy (rent, depreciation, etc.) (7,949) General, selling, and administrative expenses (5,400) $(36,180) $1,120 Operating income Assume that the variable costs consist of food and packaging, payroll, and 40% of the general, selling, and administrative expenses. a. What is McDonald's contribution margin? Round to the nearest million. (Give answer in millions of dollars.) 24 12,309 million b. What is McDonald's contribution margin ratio? 33 C. How much would operating income increase if same-store sales increased by $2,200 million for the coming year, with no change in the…
tempt.php?attempt=2891395&cmid=866300 e. A fr. Enduring Word Bibl.. My Questions | bart. Financial Aid Student Accounts Resources Campus Store Weekly (Feb 21-27) Projected Actual Difference Food Cost $6,971 $7,842 +$871 (over) Beverage Cost $3,954 $4,156 +$202 (over) Labor Cost $8,423 $9,541 +$1,118 (over) Other Costs $7,645 $7,645 $0 (even) Total Costs $26,993 $29,184 +$2191 (over) Food Sales $18,565 $14,326 -$4,239 (under) Beverage Sales $12,872 $10,852 -$2,020 (under) Total Sales (Revenue) $31,437 $25,178 -$6,259 (under) Total Profit $4,444 -$4,006 -$8,450 (under) What were the results of the restaurant's projected revenue, relative to its projected costs? Select one: a. Profit b. Loss c. Break-even Weekly (Feb 21-27) Projected Actual Difference Food Cost $6,971 $7,842 +$871 (over)
Restaurant Sales Summary for month of February, 2018. Item Prime Rib Fish n Chips Barbecued Duck Total sold 690 560 350 425 280 Cheese Burger Baked Lasagna Total a. Number of Covers sold per day_ PPOP % S.P. $19.00 $14.00 $11.00 $10.00 $11.00 Revenue b. Cost of average covers - $_ c. Total Revenue in the Restaurant in the month of February 2018 d. Restaurant has 50 seats, what is the restaurant turnover ratio?
Assume a Potbelly's restaurant has the following information available regarding costs at represent- tive levels of monthly sales: Monthly sales in units 5,000 8,000 10,000 Cost of food sold. $10,000 $16,000 $20,000 Wages and fringe benefits.........................4,200 4,320 4,400 Fees paid delivery help...........................1,100 1,760 2,200 Rent on building. 1,100 1,100 1,100 . 900 900 900 Utilities Depreciation on equipment... Supplies (soap, floor wax, etc.).. 1,700 1,700 Total........ .800 920 1,000 ...........1,700. ..250 340 400 Administrative costs..... $20,050 $27,040 $31,700 Required a. Identify each cost as being variable, fixed, or mixed. b. Use the high-low method to develop a schedule identifying the amount of each cost that is mixed or variable per unit. Total the amounts under each category
dget and Foreca x + empt.php?attempt=2891395&cmid=866300 LA fr. A Enduring Word Bibl. My Questions | bart. Financial Aid Student Accounts Resources- Campus Store Weekly (Feb 21-27) Projected Actual Difference Food Cost $6,971 $7,842 +$871 (over) Beverage Cost $3,954 $4,156 +$202 (over) Labor Cost $8,423 $9,541 +$1,118 (over) Other Costs $7,645 $7,645 $0 (even) Total Costs $26,993 $29,184 +$2191 (over) Food Sales $18,565 $14,326 -$4,239 (under) Beverage Sales $12,872 $10,852 -$2,020 (under) Total Sales (Revenue) $31,437 $25,178 $6,259 (under) Total Profit $4,444 -$4,006 $8.450 (under) Based on the actual results, what adjustments need to be made to Food and Beverage costs? Select one: a. Food and Beverage costs do not need to be adjusted because it will balance out next week. b. Food and Beverage costs need to be reduced by purchasing cheaper products, reducing waste, and/or reducing portion size. O c. Food and Beverage costs need to be increased by purchasing higher quality…
My Home * CengageNOWv2 | Online teachin- X m/takeAssignment/takeAssignmentMain.do?invoker=8ttakeAssignmentSessionLocator=&inprogress=false High-Low Method The manufacturing costs of Rosenthal Industries for the first three months of the year follow: Total Costs Production January $72,000 1,120 units February 84,640 1,690 March 112,000 2,720 Using the high-low method, determine (a) the varnable cost per unit and (b) the total fixed.cost. a. Variable cost per unit b. Total fixed cost All work saved. 44 °F
Problem 9: Consider the following information of X Ltd. Month Total Costs Units (Meals) January February March $6,720 7,260 7,270 11,060 12,580 8,660 8,580 9,550 13,050 11,060 7,320 7,370 6,790 7,480 6,990 1,280 1,810 1,620 2,830 April May June July August September October November December January February March April 3,630 2,610 2,460 2,640 3,620 2,840 1,820 1,650 1,260 1,850 1,710 2,940 11,400 Develop cost function according to i. High Low method Least Square Regression method ii.
Refer to the following information from a long term care facility for questions 6-10. April May June Ending Food Inventory 2319 2831 2462 Food Purchased 8126 9037 8496 Labor costs 12363 11974 12197 Supply costs 512 592 551 6282 Operating Costs 6791 6547 119 121 123 Average Daily Census What is the value of the food used in June? OA. $11,327 B. $10,958 O C. $8496 O D. $8865 QUESTION 7 Click Save and Submit to save and submit. Click Save All Answers to save all answers.
A company uses charging rates to allocate service department costs to the using departments. The accountant compiled the following information on one of the service departments: If Department K plans to use 1,350 hours of the service departments service in the coming year, how much of the service departments cost is allocated to Department K? a. 3,375 b. 27,300 c. 26,325 d. 23,950
CLA Inbox - abhireddy726@gmail.com - Gmail Announcements - Accounting for Leaders - 202032 - CRN1... Connect Search All Matches | Chegg.com Midterm Graded Problems i Saved Help Save & Exit Submit Lichtenstein Imports needs to determine the variable utilities rate per machine hour in order to estimate cost for August. Relevant 40 information is as follows. Machine Hours Month Worked Utilities Cost April Мay 5,650 5,200 7,500 9,000 10,060 9,940 11,725 13,400 June July Lichtenstein anticipates producing 6,000 units in August, each unit requiring 2.5 hours of machine time. The company uses the high- low method to analyze costs. Required: A. Calculate the variable and fixed components of the utilities cost. B. Using the data calculated above, estimate the utilities cost for August. For all requirements, round "variable cost per hour" to 2 decimal places and final answers to the nearest dollar amount. A. Variable cost per hour Fixed cost B. Total variable cost Total fixed cost Total…
Ponda Express reported the following results for October 2020: REVENUE $ % Food $100,580.00 62.30% Beverage $60,820.00 37.70% TOTAL REVENUE $161,400.00 100.00% LABOR COST Hours $ Kitchen 1,260 $18,700.00 Dining Room 1,550 $14,300.00 Bar 2,810 $9,800.00 TOTAL LABOR COST 5,290 $42,800.00 For the month of October 2020, food cost was equal to 31% and beverage cost was equal to 18%. Q. What is Ponda Express' Cost of Goods Sold (COGS) in percentage for the month? A. 59.60% B. 26.10% C. 2.39% D. 33.50%