Question: What is the variable rate if the average selling price per unit is $16.37, total fixed costs are $142,408, there were 19,364 menu items sold

What is the variable rate if the average selling price per unit is $16.37, total fixed costs are $142,408, there were 19,364 menu items sold and the total profit was $22,952.80? (Round all intermediate calculations to hundredth of a decimal (.00) unless they naturally round up to tenth of a decimal or a whole number.)

Select one: a. .36 b. .47 c. .48 d. .55

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!

Consider the following independent situations for Tropical View: a. Tropical View had a January 1, 2024 beginning balance in its Prepaid Rent account of $1,400. During the year the company made...

What is the variable rate if the average selling price per unit is $16.47, total fixed costs are $142,408, there were 19,564 menu items sold and the total profit was $22,952.60 ? (Round all...

7-37 Flexible budget, direct materials, and direct manufacturing labour variances. Emer- LO 5 ald Statuary manufactures bust statues of famous historical figures. All statues are the same size. Each...

Using the PDF File, the Excel sheet needs to be completed. Master Budget Modeling Project for MyArmor, Inc. - 2017 Planning Year Project is Activated Save your project by following these directions -...

MASTER BUDGET PROJECT i really need help completing this a Master Budget Project 2021 Insert Draw Page Layout Formulas Data Review View Tell me Share X 12 mno Tea - A A BU OY E B Merge Center $ % 3...

i completed part 1 as you can see, now i am struggling with part 2 and 3 please help!! SECTIONI PREPARATION OF A BUDGETED INCOME STATEMENT Cold Mountain Ice Cream Shoppe is an ice cream shop company...

please use the first page of the questions to solve the rest it goes in order from top to bottom Inputs (Assumptions) for the Profit Planning Year Jan. 1 to Dec 31, 2021 MyArmor, Inc. Set Input...

Need excel answers for the question attached using formula ( explaining clearly in excel ) LO 3-1 Cost-Volume-Profit Analysis LO 3-1 Use cost-volume-profit (CVP) analysis to analyze decisions. What...

Master budget project How to fix the format of all yellow cells? Pg. 1 of 2 Inputs Tab Planning Assumptions To begin reviewing the Inputs tab: If your activated project is not already open-open your...

Input Selling, General, and Administrative Budget Cash Budget Forecasted Income Statement Forecasted Balance Sheet Can you help me to fill out these sheets? Inputs (Assumptions) for the Profit...

1. Williams Company is a merchandiser and its accounting department has finished preparing = flexible budget to better understand the differences between its actual results and the master budget The...

Corbit Corp. sold merchandise for $10,000 cash. The cost of merchandise sold was $7,590. The journal entries for this transaction under the perpetual inventory system would be?

Rachel Anderson is a bankruptcy lawyer who represented Phyllis Swift-arrow in a bankruptcy case. During the bankruptcy, Phyllis was injured on the job and asked Rachel whether she would handle her...

Find the flux o f the constant vector field vec ( v ) = vec ( i ) - vec ( j ) + 4 vec ( k ) through a square plate o f area 9 i n the y z - plane oriented i n the positive x - direction. Enter a n...

What is the importance of financial information for entrepreneurs? Briefly describe the key components.

The citizens of Spencer County approved the issuance of $2,000,000 in 6 percent general obligation bonds to finance the construction of a courthouse annex. A capital projects fund was established for...

Each autumn, as a hobby, Suzanne De Angelo weaves cotton placemats to sell at a local crafts shop. The mats sell for $20 per set of four. The shop charges a 10% commission and remits the net proceeds...

Outlaw Bike Co. is a wholesaler of motorcycle supplies. An aging of the company's accounts receivable on December 31 and a historical analysis of the percentage of uncollectible accounts in each age...

Carley Realty loaned money and received the following notes during 2018. Requirements 1. Determine the maturity date and maturity value of each note. 2. Journalize the entries to establish each Note...

Ownership of an industry standard that is protected from imitation by patents and copyrights is a weak organizational resource. Select one: True False

Identify the characteristics of people with low and high selfesteem.

1. During the next week, study the listening habits of students in another class in which you are enrolled. Keep a journal of your observations by identifying the nonverbal behaviors you witness. Are...

3. Many times, we take the conversation away from others and make it our own. This practice not only wastes time, but is a major relationship killer. Here is how it works: At the beginning of the...