She would like to keep her average selling price above $11.50. Given the incomplete information in the

Fantastic news! We've Found the answer you've been seeking!

Question:

She would like to keep her average selling price above $11.50.

student submitted image, transcription available below

Given the incomplete information in the chart above and the fact that JoAnna priced each menu item with an $8.00 per guest tray contribution margin, calculate here:

1) Total number of menu items sold

(2) Total revenue

(3) Average selling price for the month

4) Did JoAnna achieve her desired average selling price per guest?

Related Book For answer-question

Cost Accounting

ISBN: 978-0759338098

14th edition

Authors: William K. Carter

See More Books

Posted Date: Jul 07, 2023 10:39 PM

See More Questions

1. Hannah is applying for a life policy on her girlfriend Sarahs life. The policy is $500,000 and carries a large premium. Hannah is the main earner, so she is concerned about not being able to pay...
The Learning Center runs a day camp for 6-10 year olds during the summer. Its manager, Elizabeth Reed, is trying to reduce the center's operating costs to avoid having to raise the tuition fee....
PROJECT STEPS 1. Lizzy is the manager of Cozy Movies, a small local movie theater that has been in business for a very long time. She would like to keep track of the theater's sales and expenses from...
Write a python program that reads a string S containing integers and prints the maximum number of toys Robert has to buy for Charlie . . Input : 5 1 2 2 4 5 1 2 2 4 Output : 3 3
Owners equity is not cash; it is not a liability; and it generally is not equal to the current worth of a business. What is the nature of owners equity?
What is meant by inhouse trading? Who is likely to benefit from this activity?
Outline the general strategy used in metagenomics.
Northeast General, a large hospital in Providence, Rhode Island, has initiated a new procedure to ensure that patients receive their meals while the food is still as hot as possible. The hospital...
Use L . C 3 Assembly Instruction set table to convert the following code to Binary ISA codes: AND NOT RO,RO,#0 RO,RO AND RI,RI,#0 ADD RI,RI,#1 NOT RI,RI NOT RI.RI ADD RO,RO,RI
Having paying guests in ship staterooms is extremely important to the financial health of a cruise company. Percentage of stateroom occupancy is an often-reported metric on cruise ships. Holland...
A 2.5 kg block collides with a horizontal spring of negligible mass and spring constant of 320 N/m. The block compresses the spring by 8.5 cm from its rest position. The kinetic frictional force...
Ovit, Inc. has preferred stock with a price of $18.36 and a dividend of $1.65 per year. What is its dividend yield? The dividend yield is *** %. (Round to two decimal places.)
Tanner is choosing between two investment options. He can invest $500 now and get (guaranteed) $550 in one year, or invest $500 now and get (guaranteed) $531.40 back later today. The risk-free rate...
A company has stock which costs $42.00 per share and pays a dividend of $2.20 per share this year. The company's cost of equity is 10%. What is the expected annual growth rate of the company's...
What do you understand by WACC? How WACC IS CONSIDERED to appraise the top level management position to achieve the objectives of financial management? Illustrate examples
Calculate FCF (free cash flow) from Year 2019. $566 $468 $425 Net income = $800 NOPAT = $700 Total assets = $3,000 Total operating capital = $2,000 $514 Net income = $1,000 NOPAT = $925 Total assets...
The brain mass of a human fetus during a particular trimester can be accurately estimated from the circumference of the head by m(c) = . 100 circumference (in centimeters) of the head. a. Estimate...
Prove the following D,(cos x) = - sin x (Hint: Apply the identity cos(A + B) = cos A cos B sin A sin B)
Shankar Manufacturing Company produces a product that is manufactured in two departments. The product is cut out of wood in the Cutting Department and then transferred to the Assembly Department,...
Magnolia Fabricators produces a varied product line in a highly automated facility without the use of direct labor. A large number of bulky materials are used, and weight-related material handling...
Chem-tech is a wholesaler for three chemical compounds, Rex-Z, Sip-X, and Tok-Y. The following information on these products relates to the year 20A: Demand for Rex-Z has greatly increased and is...
What is a business strategy? Do you agree with the definition proposed? Illustrate your answer with examples.
Consider one of the following firms. Read the description of a business strategy in the text. Go to the firm's website and use it to gain an understanding of the business strategy. Look at elements...
Which quote at the front of the chapter do you find the most insightful? Why? Under what circumstances would its implications not hold?

She would like to keep her average selling price above $11.50. Given the incomplete information in the

Question:

Expert Answer:

Contribution Margin Selling Price Cost Selling Price Production Cost Contri... View the full answer

Cost Accounting

Students also viewed these accounting questions