Question: (a) given the information, calculate the following : the variable manufacturing cost per pie made the total variable cost per pie sold the full manufacturing

(a) given the information, calculate the following :

  1. the variable manufacturing cost per pie made
  2. the total variable cost per pie sold
  3. the full manufacturing cost per pie made
  4. the full cost per pie sold
  5. the minimum price at which a pie could be sold to cover its marginal cost
  6. the minimum price at which a pie could be sold to cover its full cost.

(b) assuming no change in sales volume, calculate the price at which pies must be sold to ensure an operating profit of $2,250,000.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

1. Brackley Co. les Revenue (3 million pies $9,000,000 @ $3 Dric. ...a e. ials $1,500,000 D.. ect labour 1 500 000 Production overhead 3,000,000 6,000,000 Gross margin 3,000,000 Selling &...

Q:

Rosey Industries manufacturing two smart educational toys: puzzleball and dreambox. The company has a long term contract to rent manufacturing equipment and necessary space for $900,000 per year and...

Q:

Rosey Industries manufacturing two smart educational toys: puzzleball and dreambox. The company has a long term contract to rent manufacturing equipment and necessary space for $900,000 per year and...

Q:

Please answer quickly with each question clearly! :) Rosey Industries manufacturing two smart educational toys: puzzleball and dreambox. The company has a long term contract to rent manufacturing...

Q:

Rosey Industries manufacturing two smart educational toys: puzzleball and dreambox. The company has a long term contract to rent manufacturing equipment and necessary space for $900,000 per year and...

Q:

Sophia's Restaurant served 5,900 meals last quarter. Sophia recorded the following costs with those meals. Variable costs: Ingredients used Direct labor Indirect materials and supplies Utilities...

Q:

Problem 2 - 6 4 ( Static ) Cost Concepts ( LO 2 - 1 , 6 ) Loretto Audio produced and sold 7 5 0 units of the company's signature ( and only ) product in November. You have collected the following...

Q:

Problem 7 Sales price P 200.per unit Fixed costs: Marketing and administrative 24,000 per period Manufacturing overhead 30,000 per period Variable costs: Marketing and administrative 6 per unit...

Q:

Princeton Fabrication, Inc., produced and sold 1,300 units of the company's only product in March. You have collected the following information from the accounting records: Sales price (per unit) $...

Q:

Columbia Products produced and sold 1,200 units of the companys only product in March. You have collected the following information from the accounting records: Sales price (per unit) $ 130...

Q:

Hamilton Pty Ltd uses a standard costing system for product costing. The company uses direct labour hours as the cost driver to apply overhead costs. The following amounts were budgeted for the year:...

Q:

Let Z be a standard normal random variable. Calculate the following probabilities using the calculator provided. Round your responses to at least three decimal places. P(z> 1.57) = 1 P(Z s -1.70) = 0...

Q:

Stock volatility ultimately is due to new information about the firm or the market the current tax rate the current interest rate

Q:

SIMAD UNIVERSITY Class: BACC25 Subject: Islamic Accounting Instructions: a) Follow The Instructions. Midterm Exam Instructor: All Ibrahim Date: 6-4-2022 b) You Have 1.5 Hrs. To Complete This Test. c)...

Q:

2-5 How could information systems be used to support the order fulfillment process illustrated in Figure 2.1? What are the most important pieces of information these systems should capture? Explain...

Q:

3. Should all companies implement internal enterprise social networks? Why or why not? Social networking has never been more popular, with social tools accounting for 20 percent of all online...

Q:

2. How do systems serve the different management groups in a business and how do systems that link the enterprise improve organizational performance?