meal minus the lowest meal = 4900-3500=1400 Highest cost minus the lowest cost= 26000-20500=5500 The variable cost could be the two answers from meals and cost divided by each other. Variable cost =5500/1400=$3.92857142857 or $3.93 Fixed cost is total cost-variable cost. So for July or the lowest meals and cost so 20500-(3500*3.93) so 3500*3.93=13755=20500-13755=6,745 Fixed cost 1 =6,745 To find BEP we need to know the formula which is Px=A+Bx So in 10.3 and 10.5 tables of the reading the price
Words: 281 - Pages: 2
as that we are still analyzing the ventures opportunity for success as well as weighing the passion and financial commitment levels of the Ready Clip Members. The level of commitment is generally reflected in the entrepreneur’s percentage of the total assets and not the necessarily the amount of money the entrepreneur has put into the venture (Hisrich, Peters, & Shepherd, 2010). The Group is prepared at present to infuse $3,000.00 for marketing and prototypes of the Ready Clip. A marked interest
Words: 1144 - Pages: 5
University of St. Marks and St. Johns MBA 621 Financial and Managerial Accounting Assignment 2: “Budgeting” Students Name: Md. Bazlul Karim Students ID: R1404D113105 Contents Introduction: 3 Question-1 3 Budgeting: 3 Strategic Planning: 3 Differences among Long Range Planning, Strategic Planning and Budgeting 4 Is Budgeted performance better than past performance as a basis for judging actual results? 4 The benefits of budgeting: 4 Is budgeting an unnecessary burden for
Words: 2233 - Pages: 9
recently implemented its patented Total Hewards' program to help build strong relationships with its customers. The program rewards customers for their loyalty by tracking their gaming habits across its 26 properties and currently maintains information on over 19 million customers, information the company uses to analyze, predict, and maximize each customer's value. One major reason for the company's success is Harrah's implementation of a service-oriented strategy. Total Rewards allows Harrah's to give
Words: 1160 - Pages: 5
/ 60,000 Unit Cost = $30.85 Yearly Freight Cost = # of units * unit weight * freight cost Yearly Freight Cost = 60,000 * 10 * .0520 Yearly Freight Cost = $31,200 Unit Freight Cost = $31,200/60,000 = .52 Total Unit Cost = Unit Cost + Freight Cost Total Unit Cost = $30.85 + $0.52 Total Unit Cost = $31.87 2. Quote 2 2. Happy Lucky Assemblies Quote: * Unit Price = $19.50 * Shipping Lead Time = Eight Weeks * Tooling: $3,000 Yearly Unit Cost = ((monthly demand*12)
Words: 377 - Pages: 2
Executive Summary In order to solve the problem of preparing an accurate budget and negotiating fair and reasonable contracts, the requested CVP analysis was performed. Although ALLTEL is aware the current system for negotiating contracts leads to budgeting troubles, this report details the exact shortcomings and provides recommendations to improve it, including a new system for paying the performing talent. The Pavilion has goals other than making the highest revenue possible, although they are
Words: 1794 - Pages: 8
3/26/09 Case 4 Better Care Clinic (Breakeven Analysis) Fairbanks Memorial Hospital, an acute care hospital with 300 beds and 160 staff physicians, is one of 75 hospitals owned and operated by Health Services of America, a for-profit, publicly owned company. Although there are two other acute care hospitals serving the same general population, Fairbanks historically has been highly profitable because of its well-appointed facilities, fine medical staff, and reputation for quality care
Words: 1084 - Pages: 5
making of the product or the service. The obvious costs you might include are the raw materials and direct labour. For example if you estimate there is in total £7 of direct materials, and you pay the labour £10 an hour and they finish in half an hour, your direct labour would be £5. So to produce this item in total it will be £5 plus £7 which the total direct cost will be £12. However there would be many more costs involved in the manufacturing process. The cost of power to run the equipment, the rent
Words: 2888 - Pages: 12
A/S Dansk Minox in Copenhagen, specializing in branded vacuum-packed meat and other food products, had for many years sold vacuum-packed sliced pork in gravy, a very popular dish in Denmark. In 1995 the product represented about 15% of the firm's total sales in the country in a product range which comprises 30 products. The Danish house-wife very often serves this dish together with a red cabbage salad. This salad is rather time-consuming to prepare at home and certain competitors of A/S Dansk Minox
Words: 2110 - Pages: 9
Mock Report – Micro Macro Theory and Application Total Cost When producing their new product Sony will have to know about several costs of production in order to produce efficiently and make a profit. Total costs are the sum of fixed and variable costs of production. Fixed costs are those which do not change with production but are always paid regardless of production levels. For a company like Sony these could include their rent for their offices and factories, the cost of their machinery or
Words: 1844 - Pages: 8
