Why might some prefer a prix fixe (fixed price) dinner costing about the same as an à la carte one (where they pay individually for each item)? Assuming the food is the same.
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Why might some prefer a prix fixe (fixed price) dinner costing about the same as an à la carte one (where they pay individually for each item)? Assuming the food is the same.
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- The fixed and the variable costs to produce an item are given along with the price at which an item is sold. How many items must be sold to breal-even? Fixed cost: $330,000 Variable cost per item: $5 Price at which the item is sold: $60Total Cost equals the fixed cost plus variable cost per unit divided by volume? True FalseNo written by hand solution The questions below refer to the following SAME paragraph: Suppose a retailer Mojo, holds safety stock for an item to accommodate a 98% service level with uncertain demand. There are two supply options: Supplier X taking 5 days to deliver replenishments, and Supplier Y taking 3 days to replenish. Both suppliers charge the same price for the item. Ignoring differences in fixed order costs, the retailer should choose: Group of answer choices Supplier X Option Y only if the critical ratio is less than 0.9 Option X only if the critical ratio is greater than 0.9 Supplier Y
- Marty McDonald has a business packaging software in Wisconsin. His annual fixed cost is $10,000, direct labor is $3.50 per package, and material is $4.50 per package. The selling price will be $12.50 per package. What is the break-even point in dollars? What is break-even in units?Select the correct answer(s) for each item. If NONE or MORE THAN ONE of the choices is the correct answer, choose E.Q. Radhuni, a traditional bangla restaurant, incurs the following costs:a. Cost of children’s toys given away free with kids’ mealsb. Cost of the posters indicating the special “two dishes for $2.50”c. Costs of frozen onion rings and Fishesd. Salaries of the food specialists who create new Biriyani for the restaurant chaine. Cost of “to-go” bags requested by customers who could not finish their meals in therestaurantRequired: Just Classify each of the cost items (a–e) as one of the business functions of the value chain
- If you will be the restaurant manager, will you order in bulk of seafoods which is good for 1 month? Or you prefer to have a weekly order? Or daily order that is Just In Time delivery?Two competitors have the cost structure shown below. Which of the following statements are true Firm A Firm B Product 1 Units 500 200 Total costs (P1) $50,000 $18,000 Product 2 Units 500 1200 Total costs (P2) $100,000 $144,000 Total costs (P1 + P2) $150,000 $162,000 A. Firm A should lower its price on Product 2 B. Firm B is the low-cost producer. C. Firm B should lower its price on Product 1 and Product 2 D. Firm A is the low-cost producer E. Both A and B are trueIs it possible to keep production prices below those of the competition?Explanation
- If the units produced equals the units sold, which method would you expect to show the highernet operating income, variable costing or absorption costing? Why?10. The following is given: Price $7.00/unit Variable cost $5.00/unit Fixed cost $56,000 Part 2 a) Based on the given information, the break-even point in units = units ________ (enter your response as a whole number). Part 3 b) Based on the given information, the break-even point in dollars = $_________(round your response to the nearest whole number). c. The Profit for a volume of 1,00,000 units= $_______ (round your response to the nearest whole number)In preparing for the upcoming holiday season, Fresh Toy Company (FTC) designed a new doll called The Dougie that teaches children how to dance. The fixed cost to produce the doll is $100,000. The variable cost, which includes material, labor, and shipping costs, is $35 per doll. During the holiday selling season, FTC will sell the dolls for $43 each. If FTC overproduces the dolls, the excess dolls will be sold in January through a distributor who has agreed to pay FTC $10 per doll. Demand for new toys during the holiday selling season is uncertain. The normal probability distribution with an average of 60,000 dolls and a standard deviation of 15,000 is assumed to be a good description of the demand. FTC has tentatively decided to produce 60,000 units (the same as average demand), but it wants to conduct an analysis regarding this production quantity before finalizing the decision. (a) Create a what-if spreadsheet model using formulas that relate the values of production quantity,…