Problem #2. You make 100 fancy chocolate tarts for Valentine's Day bake sale at a cost of $3.10 each. If a spoilage rate of 7% is anticipated, at what price should you sell the tarts to achieve 42.5% markup based on cost?
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Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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- 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 costArley'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?The selling price per box for Cynthia's Cookies is $20.26. Fixed costs are $60,000 and the variable cost per box is $10.15. What is the break-even quantity? Round your answer to the nearest whole number. boxes If sales last year were 8,400 boxes, what was the net profit? Round your answer to the nearest dollar. $
- 7) Gregor and Greta have planned to sell 300 bags together in each market. They plan to visit 24 markets during the year, to get an idea of whether the estimated sale of candy bags in the budget is reasonable or not, gregor wants your help to make a zero point calculation based on the following information: kronor comment Selling price 30 each FK 662 000 RK 5 each a)Which is the zero point turnover? b)Will they make a profit based on the estimated number of bags of sweets sold? justify your answer and show your calculations.Let's say you spend $10,125 to open up a pie store. The retail price of pies is $13, and each pie costs you $3 to make. What is the break even point? (i.e., what is the number of pies you must sell to break even?).1.The wholesale cost of a birdcage is $55. The original markup was 44% based on selling price. Find the final sale price (in $) after the following series of price changes: a markdown of 18% and a markup of 13%. (Round each intermediate selling price to the nearest cent.) ______$ 2.Suppose a bakery makes 200 cherry cheesecakes at a cost of $2.25 each. If a spoilage rate of 5% is anticipated, at what price (in $) should the cakes be sold to achieve a 40% markup based on cost? (Round your answer to the nearest cent.) $ _______per cheesecake
- Suppose that Dove is introducing a new soap (Dove Natural) and expects the following: a cannibalization rate of 10% on units. The revenues of Dove soap are $10,000,000. Dove Natural expects $5,000,000 in new ad buys and an increase of $2,000,000 in Selling, General and Administrative Costs. Assume that Dove sells their soap at a price of $2 per bar and the cost is $0.50 per bar. Suppose that Dove sells Dove Natural at a price of $4 per bar and the cost is $1.50 per bar. How many bars of soap would Dove Natural have to sell to break even? ( Please show your work) Suppose that Dove Natural expects to sell 2,000,000 bars of soap per year. How many years would it take Dove Natural to break even? (Please show your work)8. A beauty supply store expects to sell 120 flat irons during the next year. It costs $1.60 to store one flat iron for one year. To reorder, there is a fixed cost of $6, plus $4.50 for each flat iron ordered. In what lot size and how many times per year should an order be placed to minimize inventory costs? how many flat irons per order how many orders per yearStone Manufacturing sells a marble slab for $1.500 Fixed costs are 130,000, while the variable costs are $500 per wish. The company currently plans to sell 100 sise this month. What is the margin of safety assuming 75 slabs are actually sold? (Round a unit calculations up to the rarest whole nutter) A $30,000 B. $102,000 C. $64,500 D. $47,000 Only typing answer Please explain step by step
- FRANCORP sells product ABC for $60. The variable production cost is $12, the fixed production cost is $20 per unit, and the variable selling cost is $2. A customer has requested a special order for 12,000 units of product ABC with a unique colour — purple. This special order would not involve any selling costs, but FRANCORP would need to purchase a special colouring machine which costs $75,000. Below what price would FRANCORP actually be losing money on the sale? Note: there is enough capacity to fulfill this order. a. $22.80b. $18.25c. $15.75d. $17.15Suppose Stanley's Office Supply purchases 50,000 boxes of pens every year. Ordering costs are $100 per order, carrying costs are 5% of the inventory value, and the price is of $2.00 per box. The vendor now offers a quantity discount of 1% per box if the company buys pens in order sizes of 20,000 boxes. Should the company accept the quantity discount? Show your calculations to justify your decision.The Widget Co. currently sells 800 widgets per week for a price of $7.00 each. Their market research indicates that for each $0.50 increase in price they will sell 25 fewer widgets per week. What price should they charge to maximize sales income?