Question: Question 20 (4 points) Fedovic Racket company started operations in the month of May. For the month of May, it produced 4,700 rackets and sold



Question 20 (4 points) Fedovic Racket company started operations in the month of May. For the month of May, it produced 4,700 rackets and sold 3,600 rackets. Total manufacturing costs for the month of May are $490,000 (this includes fixed manufacturing costs of $270,000). Selling Expenses include $80,000 in fixed selling expenses and $70,000 in variable selling expenses. Each racket sells for $400. What is the total operating profit for the month of May if the firm prepares the income statement using Variable Costing.(VC)? (Round your answer to the nearest dollar amount. Please provide only numerical value in the space provided.) Your Answer: Answer Question 21 (4 points) Fresh Meals provides meal delivery services. For the coming period, the cost accountant at Fresh Meals estimates total meals delivered to be uniformly distributed over [600, 3,700). The price charged per meal is $13. The variable cost of each meal (that includes cost of ingredients and labor) is $7. In addition, fixed costs for the coming period (that include lease and delivery vehicle costs) are expected to be $6,600. How many meals must Fresh Meals sell in order to earn an operating profit margin of 10% ? (Round your answer to the nearest whole number. Please provide only numerical value in the space provided.) Your Answer: Answer Question 24 (4 points) Fresh Meals provides meal delivery services. For the coming period, the cost accountant at Fresh Meals estimates total meals delivered to be uniformly distributed over [500, 3,900). The price charged per meal is $15. The variable cost of each meal (that includes cost of ingredients and labor) is $6. In addition, fixed costs for the coming period (that include lease and delivery vehicle costs) are expected to be $6,000. What is the probability that Fresh Meals earns at least $3,200 in operating profits ? (Provide your answer correct to two decimal places) Your
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
