Chloe's Cafe bakes croissants that it sells to local restaurants and grocery stores. The average costs to bake the croissants are $0.45 for 2,100 and $0.40 for 4,200. Required: If the total cost function for croissants is linear, what will be the average cost to bake 3,400? (Do not round intermediate calculations. Round your final answer to 4 decimal places.) Average cost
Q: In its December 31, 2020 statement of financial position, ABC Company had income tax payable of…
A: Answer:- Deferred tax asset meaning:- On a company's balance sheet, a deferred tax asset is…
Q: Culver Company is in the process of adjusting and correcting its books at the end of 2020. In…
A: Correction entries are prepared to rectify any mistake which has done in the books of accounts.…
Q: Joseph Farmer earned $126,400 in 2018 for a company in Kentucky. He is single with one withholding…
A: Introduction:Federal income tax refers to tax paid to the national government.Individuals,…
Q: Sweet Acacia Co. sells product P-14 at a price of $48 a unit. The per-unit cost data are direct…
A: The Special order should be accepted if Incremental Income is greater than incremental costs…
Q: Indicate the amount and effect of each transaction on total assets, total liabilities, and total…
A: Since you have posted a question with multiple sub-parts, we will do the first three sub-parts for…
Q: ascade Company was started on January 1, Year 1, when it acquired $167,000 cash from the owners.…
A: Financial Statements -Financial statements include Income Statements, Capital statements, Balance…
Q: Oriole Company reported these income statement data for a 2-year period. Sales revenue Beginning…
A: Lets understand the basics.Income statement is generally prepared in order to obtain correct amount…
Q: The Lakeside Company uses a weighted-average process costing system. The following data are…
A: The equivalent units are calculated on the basis of the percentage of the work completed. The unit…
Q: Prepare the journal entries made by Constellation Brands on Ju
A: Journal entries refer to the systematic documentation of the financial transactions of a company in…
Q: Compute Equivalent Units: Ethical Issues Hoyt, Inc. has a process costing system at its Forest…
A: The total cost of producing a product, including raw materials and operating costs, is detailed in a…
Q: Disbursements) as well as a General Journal. For this question, you will only be recording the…
A: sales journaldatecustomerinvoice no.amountMay 4Lenten Inc543$6,750total$6,750
Q: Sinclair Manufacturing Company experienced the following accounting events during its first year of…
A: Balance sheer (BS) which states the financial position of the company for the year ended or fiscal…
Q: Depreciation by three methods; partial years Perdue Company purchased equipment on April 1 for…
A: Business entities are required to charge the depreciation expense in the accounting books so that…
Q: If Mike deposited and withdrew as shown below, how much can he withdraw at the end of 5th year?…
A: Under Compound Interest Method, interest is being provided on the accumulated opening balance of the…
Q: Required [The following information applies to the questions displayed below.] O'Brien Company…
A: The income statement is prepared using different methods as variable and absorption costing. Using…
Q: Lexi Belcher picked up the monthly report that Irvin Santamaria left on her desk. She smiled as her…
A: Variance analysis in cost accounting is a technique used to analyze and explain the difference…
Q: Suppose KC Toys buys $103 200 worth of MegoBlock toys on credit terms of 2/10, n/30. Some of the…
A: Purchase refers to a transaction that results in an acquisition of an item. This transaction…
Q: Futuristic Electronic Center began October with 100 units of merchandise inventory that cost $70…
A: Weighted Average Method :— It is one of the method of inventory valuation in which it is assumed…
Q: Fisher Fixtures manufactures three types of lighting fixtures, with model names of Silver, Gold, and…
A: The predetermined overhead rate is calculated as estimated overhead costs divided by the estimated…
Q: Nabil made $8,000 in after-tax contributions to his employer's qualified plan. At the time he…
A: The following formula used as follows under:-Tax free distribution= (Basic/Account balance) X…
Q: Entries for Stock Dividends Madrid Corporation has 22,000 shares of $80 par common stock…
A: The dividend is the distribution made to the shareholders of the company of the earnings or profits…
Q: Wormwood, Ltd., produces a variety of furniture products. The planning committee wants to prepare an…
A: Ans) Given,All in…
Q: Prepare Supply Club's journal entry to record July and August sales.
A: 1.DateParticularsDebit ($)Credit ($)xxxCash (137,700 x 70%)96,390…
Q: January 1 January 5 Sheridan Inc. is a retailer operating in British Columbia. Sheridan uses the…
A: Inventory Valuation Methods are methods of valuation of inventory.There are three methods of…
Q: E35 (LD2, 1), AN Devin Wolf Company has the following balances in selected accounts on December 31,…
A: A journal is made to record all business transactions. All the financial transactions are recorded…
Q: Windsor Enterprises is using a discounted cash flow model Identify which model Windsor might use to…
A: The time value of money is a concept related to the change in the value of money as time passes. The…
Q: o companies like Walmart use accru
A: Many large organizations, including Walmart, prefer to adopt accrual basis accounting over cash…
Q: Required information. 2-b. Should the higher-quality components be used? Complete this question by…
A: Net operating income refers to the profit earned by an organization after deducting the expenses…
Q: Tanner-UNF Corporation acquired as a long-term Investment $220 million of 4.0% bonds, dated July 1,…
A: The investment can be made in bonds. The investment in bond result in interest revenue which is…
Q: c. Prepare the consolidated balance sheet at the date of acquisition. • Do not use negative signs…
A: Acquisition cost, occasionally appertained to as book value or asset book value, is a cost…
Q: At December 31, 2023, Novak Corporation had the following shares outstanding: 6% cumulative…
A: Earnings per share is the per share amount of earnings available to the common shareholders. It is…
Q: In computing diluted EPS, dividends on convertible cumulative preferred stock should be a. ignored…
A: Diluted EPS - It is a measurement tool used to gauge the company's EPS if all the convertible…
Q: Changes in Current Operating Assets and Liabilities-Indirect Method Victor Corporation's comparative…
A: Cash flow from operating activities indicates the cash inflow or outflow transactions related to the…
Q: It is common for a parent firm to record its investment in a subsidiary under either the cost or…
A: A single firm that owns a majority stake in another company or groups of companies is known as a…
Q: Required information Use the following information for the Exercises below. (Algo) [The following…
A: Tax principles are the underlying ideas and directives that serve as the cornerstone of a nation's…
Q: For Year 1, the Sacramento Corporation had beginning and ending Retained Earnings balances of…
A: Retained earningsRetained earnings is shown on liabilities and stock holders equity section…
Q: Ardmark Corporation was incorporated on January 1, 2003. It is authorized to issue an unlimited…
A: A company may issue common stock or preferred stock to raise capital for business. Common stock may…
Q: The cost of direct materials transferred into the Rolling Department of Kraus Company is $498,800.…
A: Answer:- Formulas:-The entire cost of direct material incurred must be divided by the total…
Q: In 1980 John formed a farm business (corporation) by contributing a piece of farmland with an…
A: If the transfer for Carl is treated as a redemption:1. Calculate the value of Carl's shares at the…
Q: Journalize the following sales transactions for Antique Mall. Explanations are not required. The…
A: The perpetual inventory system records the cost of goods sold with every sales transaction recorded.…
Q: Swiss Inc. sold 20-year bonds with a total face amount of $401,000 and a stated rate of 7.5%. The…
A: "Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: The University Store, Incorporated is the major bookseller for four nearby colleges. An income…
A: A company's contribution margin is arrived at deducting from variable costs its sales revenue .…
Q: Carver Incorporated purchased a building and the land on which the building is situated for a total…
A: Capitalized cost of asset consists of acquisition cost of asset and other costs are incurred before…
Q: The Polaris Company uses a job-order costing system. The following transactions occurred in October:…
A: A journal entry is a form of accounting entry that is used to report a business transaction in a…
Q: of medicines for diabetes P 10,000.00 70,000.00 Sale of medicine for hypertension…
A: Medical, dental and veternary services except those rendered by professional are VAT exempted…
Q: Prepare • When appropriate, use negative signs with your excess of fair value over book value…
A: Acquisition cost, occasionally appertained to as book value or asset book value, is a cost…
Q: The accounts receivable balance for Renue Spa at December 31, Year 1, was $89,000. Also on that…
A: Bad debts expense or expense of uncollectible accounts is the expense which refers to those accounts…
Q: Which of the following is true regarding Social Security benefits? a. Tax-exempt interest income…
A: Social Security benefits refers to the payments received from the Social Security Administration, a…
Q: Dividends per share Return on equity Book value per share $ 2.28 8.50% $17.15
A: Investors, analysts, and financial professionals frequently utilize the P/E ratio as a valuation…
Q: Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a…
A: Lets understand the basics.In job order cost system, cost of the job is calculate so that management…
ra
subject-Accounting
Step by step
Solved in 3 steps
- Chloe’s Cafe bakes croissants that it sells to local restaurants and grocery stores. The average costs to bake the croissants are $0.55 for 2,500 and $0.50 for 5,000. If the total cost function for croissants is linear, what will be the average cost to bake 4,200? Do not round intermediate calculations. Round your final answer to 4 decimal places.Chloe’s Cafe bakes croissants that it sells to local restaurants and grocery stores. The average costs to bake the croissants are $0.70 for 2,600 and $0.65 for 5,200, If the total cost function for croissants is linear, what will be the average cost to bake 4,400?Please explain the step so I can understand. Gobblecakes is a bakery that specializes in cupcakes. The annual fixed cost to make cupcakes is $18,000. The variable cost including ingredients and labor to make a cupcake is $0.90. The bakery sells cupcakes for $3.20 apiece. (a). If the bakery sells 12,000 cupcakes annually, determine the total cost, total revenue, and profit. (b). How many cupcakes will the bakery need to sell in order to break even?
- Jordahl's grocery store has a small bakery that sells a variety of baked goods. Sales from the bakery average less than 5 percent of the store's total revenue and is considered a cost center. As a means of attracting customers , the bakery manager has decided to sell a cup of coffee and doughnut combo at low price price of $ 2.00. Incremental material costs associated with each combo sale average 0.50 per donut and $ 0.60 per serving of coffee (including a disposable cup). Incremental labor and overhead costs are expected to average $0.80 per combo sale . What is the contribution margin of a combo sale ? How might the manager think the combo will affect the bakery's responsibility margin ?Rumba Dance Hall has offered to buy from Muy Bueno Bakery 100 of their chocolate cakes for $25 each. No variable selling costs would need to be paid, but special packaging of $100 will have to be added. Normally, Muy Bueno sells its cakes at $35 each. Its costs per cake are materials, $12; direct labor, $5; variable factory overhead, $3; fixed factory overhead, $2; and variable selling costs, $4. How much net differential income or loss will Muy Bueno make if it accepts this offer?The manager of a restaurant found that the cost to produce 150 cups of coffee is $84, while the cost to produce 250 cups is $134. Assume the relationship between the cost y to produce x cups of coffee is linear. a. Write a linear equation that expresses the cost, y, in terms of the number of cups of coffee, x. b. How many cups of coffee are produced if the cost of production is $254.00?
- Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as offering take-out and free home delivery services. The pizzeria’s owner has determined that the shop has two major cost drivers—the number of pizzas sold and the number of deliveries made. The pizzeria’s cost formulas appear below: Fixed Cost per Month Cost per Pizza Cost per Delivery Pizza ingredients $ 4.60 Kitchen staff $ 5,950 Utilities $ 630 $ 0.50 Delivery person $ 3.30 Delivery vehicle $ 650 $ 1.70 Equipment depreciation $ 416 Rent $ 1,910 Miscellaneous $ 750 $ 0.25 In November, the pizzeria budgeted for 1,620 pizzas at an average selling price of $17 per pizza and for 240 deliveries. Data concerning the pizzeria’s actual results in November appear below: Actual Results Pizzas 1,720 Deliveries 220 Revenue $ 29,810 Pizza ingredients $ 7,570 Kitchen staff $ 5,890 Utilities $ 895 Delivery person $ 726…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?Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as offering take-out and free home delivery services. The pizzeria’s owner has determined that the shop has two major cost drivers—the number of pizzas sold and the number of deliveries made. The pizzeria’s cost formulas appear below: Fixed Cost per MonthCost per PizzaCost per DeliveryPizza ingredients $ 4.10 Kitchen staff$ 6,290 Utilities$ 800$ 0.20 Delivery person $ 3.00Delivery vehicle$ 820 $ 2.20Equipment depreciation$ 552 Rent$ 2,250 Miscellaneous$ 920$ 0.10 In November, the pizzeria budgeted for 2,130 pizzas at an average selling price of $18 per pizza and for 250 deliveries. Data concerning the pizzeria’s actual results in November were as follows: Actual ResultsPizzas2,230Deliveries230Revenue$ 40,880Pizza ingredients$ 10,630Kitchen staff$ 6,230Utilities$ 980Delivery person$ 690Delivery vehicle$ 1,024Equipment depreciation$ 552Rent$ 2,250Miscellaneous$ 904 Required: 1.…
- Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as offering take-out and free home delivery services. The pizzeria’s owner has determined that the shop has two major cost drivers—the number of pizzas sold and the number of deliveries made. The pizzeria’s cost formulas appear below: Fixed Cost per Month Cost per Pizza Cost per Delivery Pizza ingredients $ 4.90 Kitchen staff $ 6,010 Utilities $ 660 $ 0.80 Delivery person $ 2.60 Delivery vehicle $ 680 $ 2.00 Equipment depreciation $ 440 Rent $ 1,970 Miscellaneous $ 780 $ 0.10 In November, the pizzeria budgeted for 1,710 pizzas at an average selling price of $20 per pizza and for 190 deliveries. Data concerning the pizzeria’s actual results in November were as follows: Actual Results Pizzas 1,810 Deliveries 170 Revenue $ 36,800 Pizza ingredients $ 8,110 Kitchen staff $ 5,950 Utilities $ 910 Delivery person $…Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as offering take-out and free home delivery services. The pizzeria’s owner has determined that the shop has two major cost drivers—the number of pizzas sold and the number of deliveries made. The pizzeria’s cost formulas appear below: Fixed Costper Month Cost perPizza Cost perDelivery Pizza ingredients $ 4.70 Kitchen staff $ 5,970 Utilities $ 640 $ 0.60 Delivery person $ 3.40 Delivery vehicle $ 660 $ 1.80 Equipment depreciation $ 424 Rent $ 1,930 Miscellaneous $ 760 $ 0.06 In November, the pizzeria budgeted for 1,650 pizzas at an average selling price of $18 per pizza and for 250 deliveries. Data concerning the pizzeria’s actual results in November appear below: Actual Results Pizzas 1,750 Deliveries 230 Revenue $ 32,080…The Junior League of Yadkinville, California, collected recipes from members and published a cookbook entitled Food for Everyone. The book will sell for $18 per copy. The chairwoman of the cookbook development committee estimated that the club needed to sell 2,000 books to break even on its $4,000 investment. What is the variable cost per unit assumed in the Junior League's analysis?$fill in the blank 1 per unit