Arley's Bakery makes fat-free cookies that cost $1.60 each. Arley expects 20% of the cookies to fall apart and be discarded. Arley wants a 40% markup on cost and produces 175 cookies. What should Arley price each cookie? Note: Round your answer to the nearest cent. Price per cookie
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- Jansen Crafters has the capacity to produce 50,000 oak shelves per year and is currently selling 44,000 shelves for $32 each. Cutrate Furniture approached Jansen about buying 1,200 shelves for bookcases it is building and is willing to pay $26 for each shelf. No packaging will be required for the bulk order. Jansen usually packages shelves for Home Depot at a price of $1.50 per shell. The $1.50 per-shelf cost is included in the unit variable cost of $27, with annual fixed costs of $320.000. However, the $130 packaging cost will not apply in this case. The fixed costs will be unaffected by the special order and the company has the capacity to accept the order. Based on this information, what would be the profit if Jansen accepts the special order? A. Profits will decrease by $1,200. B. Profits will increase by $31,200. C. Profits will increase by $600. D. Profits will increase by $7,200.Reubens Deli currently makes rolls for deli sandwiches it produces. It uses 30,000 rolls annually in the production of deli sandwiches. The costs to make the rolls are: A potential supplier has offered to sell Reuben the rolls for $0.90 each. If the rolls are purchased, 30% of the fixed overhead could be avoided, If Reuben accepts the offer, what will the effect on profit be?Arley's Baker makes fat-free cookies that cost $1.50 each. Arley expects 15% of the cookies to fall apart and be discarded. Arley wants a 45% markup on the cost and produces 200 cookies. How do you find out what Arley should price each cookie?
- A store makes 200 cherry cheesecakes at a cost of $2.35 each. If a spoilage rate of 5% is anticipated, at what price should the cakes be sold to achieve a 40% markup based on costYum Yum Bake Shop makes birthday chocolate chip cookies that cost $2.00 each to prepare. It is expected that 8% of the cookies will crack and be discarded. If a 55% markup on cost is required and 100 cookies are produced, what should the bake shop charge for each cookie? (Round your answer to the nearest cent.)Carondelet Coffee has begun making and selling pastries. The fixed costs of making the pastry are $4,000, and the company estimates that the variable costs are $.75 per pastry. How many pastries does Carondelet have to sell to earn net income of $5,000 if it sells each pastry for $3 apiece?
- In the last year, Bakers Score's Donuts and Sweets has sold, on average, 1,213 ''Fudgie'' brownies per week. This week they introduced fat-free brownies and sold 204 at a price of $3 each. They noticed the cannibalization rate of fat-free brownies on Fudgie brownies was 43%. Bakers Score's sells their "Fudgie" brownies for $3, with a variable cost of $1. The new Fat-Free Brownies have a variable cost of $2. What is the weekly contribution ($) for Bakers Score's "Fudgie" brownie before the introduction of their Fat-Free Brownies?In the last year, Bakers Score's Donuts and sweets has sold, on average, 1,269 "Fudgie" Brownies per week. This week they introduced fat-free brownies and sold 235 at a price of $3.68 each. They noticed the cannibalization rate of fat-free brownies on Fugie brownies was 43%. Baker's Score's sells their "Fudgie" brownies for $3, with a variable cost of $1. The new Fat-free Brownies have a variable cost of $2. What was the percentage sales decrease that Fudgie brownies incurred??In the last year, Bakers Score's Donuts and sweets has sold, on average, 1,194 "Fudgie" Brownies per week. This week they introduced fat-free brownies and sold 214 at a price of $4 each. They noticed the cannibalization rate of fat-free brownies on Fugie brownies was 39%. Baker's Score's sells their "Fudgie" brownies for $3, with a variable cost of $1. The new Fat-free Brownies have a variable cost of $2. In week 2 "Fudgie" brownie sales dropped to 850 units sold, while sales for Fat-free brownies remained constant. If all of the decrease in Fudgie sales is due to the fat-free product, what would be the cannibalization rate based on week 2 sales figures instead of the previous week's?
- Gooby Gummies makes taffy candy, which it sells at local supermarkets. The fixed monthly cost to produce the candy is $4,000. The main ingredient for the candy, glucose syrup costs $0.21 per pound. Gooby Gummies sells the taffy for $0.75 per pound to supermarkets. The management of Gooby Gummies is thinking of raising the price of the taffy candy to $0.95 per pound. Currently, the company produces and sells 9,000 pounds of taffy candy a month. The management realizes that if they raise the price, the sales will go down to 5,700 pounds per month. By how much will the company's profit per year be affected if Gooby Gummies' management decide to raise the price? Should the company raise its price? Explain your answer.Gooby Gummies makes taffy candy, which it sells at local supermarkets. The fixed monthly cost to produce the candy is $4,000. The main ingredient for the candy, glucose syrup costs $0.21 per pound. Gooby Gummies sells the taffy for $0.75 per pound to supermarkets.The management of Gooby Gummies is thinking of raising the price of the taffy candy to $0.95 per pound. Currently, the company produces and sells 9,000 pounds of taffy candy a month. The management realizes that if they raise the price, the sales will go down to 5,700 pounds per month. By how much will the company's profit per year be affected if Gooby Gummies' management decide to raise the price? Should the company raise its price? Explain your answer.A local pizza shop owner decides to hire an economic consultant to help him set his prices. Currently, one slice of pizza costs $2 and the store sells about 800 slices per week. The pizza shop's current revenue from sales is equal to $____. The economic consultant estimates that the price elasticity of demand is equal to -0.25, and suggests that the shop owner should increase the price of a slice of pizza by $0.50; that is, the consultant recommends increasing the price of pizza by ____%. The consultant claims that doing so would (a. Increase b. Decrease or C.have no effect on)_____ the number of slices sold by ____% or ____ slices. As a result, the economist predicts that the new revenue would be ____ Thus as a result of the increase in the price there is ____ in revenue. This is due to the fact that the pizza shop owner was operating on the ____ portion of the demand curve. (fill in the blanks)
