Question At Zoe's coffee shop, she sells drip coffee, specialty coffee and baked goods. Your friend...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Question At Zoe's coffee shop, she sells drip coffee, specialty coffee and baked goods. Your friend Zoe has provided you with various cost and revenue drivers for her existing coffee shop. 10,000 items are sold per month in the shop Fixed costs include $6,000 per month on labour and $60,000 per year on rent There are three types of items sold in the coffee shop - Specialty Coffee, Drip Coffee and Baked Goods. We have sales, pricing and variable cost data for each item. Specialty Coffee Drip Coffee Baked Goods % of Sales Price Variable Cost 25% $5.00 $2.00 50% $2.00 $1.00 25% $3.00 $2.00 Based on the data provided, what is the monthly profit of the shop? A: $10,000 B: $6,000 C$8,000 D: $4,000 Question At Zoe's coffee shop, she sells drip coffee, specialty coffee and baked goods. Your friend Zoe has provided you with various cost and revenue drivers for her existing coffee shop. 10,000 items are sold per month in the shop Fixed costs include $6,000 per month on labour and $60,000 per year on rent There are three types of items sold in the coffee shop - Specialty Coffee, Drip Coffee and Baked Goods. We have sales, pricing and variable cost data for each item. Specialty Coffee Drip Coffee Baked Goods % of Sales Price Variable Cost 25% $5.00 $2.00 50% $2.00 $1.00 25% $3.00 $2.00 Based on the data provided, what is the monthly profit of the shop? A: $10,000 B: $6,000 C$8,000 D: $4,000
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
The table on the next page gives a frequency distribution describing the number of errors found in 30 l,000-line samples of computer code. Suppose that we wish to determine whether the number of...
-
A survey by the U.S. Travel Data Center showed that a higher percentage of Americans travel to the ocean/beach for vacation than to any other destination. Much further behind in the survey, and...
-
Paula sells cars on the weekend while she is attending college. In addition to her hourly wage of $5.50, she earns a 2% commission on her total sales. Paula worked 10 hours and sold 3 cars at $15,000...
-
The operations manager of a company that produces frozen dinners had received numerous complaints from supermarkets about the companys Chick-n-Gravy dinners. The manager spilled/mixed items,...
-
What is the purpose of zoning laws?
-
After reading the information presented in this chapter and other sources, write a two-page paper that describes five business applications of convergence. Which industries are expected to gain the...
-
Shown here are condensed income statements for two different companies (both are organized as LLCs and pay no income taxes): Required 1. Compute times interest earned for Ace Co. 2. Compute times...
-
Speedy Wheels is a wholesale distributor of bicycles. Its Inventory Manager, Ricky Sapolo, is currently reviewing the inventory policy for one popular model that is selling at the rate of 500 per...
-
A solid is formed between f(x) and the x-axis so each slice (perpendicular to the x-axis) is a right triangle whose base = height. Represent the volume of this solid as a definite integral. Volume b...
-
Imagine the CFO of a new start-up company has hired your consulting team to provide insights on whether to implement a job order costing or process costing system. The CFO has invited you to attend...
-
Describe the soap notes on video Counseling Assessment Vignette - Client with Features of Social Anxiety Disorder Dr. Todd Grande.
-
How do i simplify ( p - ( 1 4 + h ) ) ^ 2
-
x + y + 2 z = 8 ; 3 x - y + z = 0 ; - x + 3 y + 4 z = - 4 what is value of x
-
Evaluate 12x 8 for x = 2 - The value is Preview
-
Find or investigate the fun If t(n) represents the nth ter t(n) = n + 2n + 5, then is 29 a v N
-
Problem 5 At a 5 % level of significance, conduct a two-tailed test of hypothesis comparing the equality of two population means defined as follows. The first population mean relates to the mean of...
-
The Alert Company is a closely held investment-services group that has been very successful over the past five years, consistently providing most members of the top management group with 50% bonuses....
-
You are required to calculate the overhead variances of Joseph Ltd. The budget is prepared as: (a) Total budgeted variable overhead \( 400,000\). (b) Total budgeted fixed overhead \( 160,000\). (c)...
-
A Corporec PLC manufactures a detergent in one of its plants. The information for the year to 30 September \(19 \mathrm{X} 2\) was as follows: The standard cost of manufacturing a litre was \( 2\)....
-
A The following information relates to Burton Company for the year to 30 June 19X6: Calculate price, volume and mix variances for \(19 \times 6\). Product Budget Sales Budget Budget Actual Sales...
Study smarter with the SolutionInn App