Pizza Palace only sells Pizza Packages for 150.00 each. They are a Pizza Catering Operation. Un-jumble...
Homework Answers
Breakup of Fixed, Variable costs and Income statement
| Calculation of Income Statement | ||
| Pizza Sales | 160000 | |
| Calzone Sales | 29000 | |
| Chicken sales | 31000 | |
| Total revenue | 220000 | |
| Fixed Costs | ||
| Interest | 3000 | |
| Advertisment expenses | 3600 | |
| Rent | 10000 | |
| Legal retainer | 3000 | |
| Taxes | 12120 | |
| Administration expenses | 4000 | |
| Cleaning service expenses | 2000 | |
| Salaries and Wages 40% Fixed | 26000 | |
| Depreciation | 1500 | |
| Refunds to Customers | 5000 | |
| Benefits 35% Fixed | 5250 | |
| Allowances on Pizza contracts | 3000 | |
| Total Fixed Costs | 78470 | |
| Variable costs | ||
| Cost of Dough | 5000 | |
| Cost of Sauce | 10000 | |
| Cost of sausage | 20000 | |
| Salaries and Wages 60% Variable | 39000 | |
| Cost of Cheese | 20000 | |
| Cost of Pepperoni | 3000 | |
| Benefits 65% Variable | 9750 | |
| Total Variable costs | 106750 | |
| Net Profit | 34780 | |
| Contribution Margin | ||
| Sales | 220000 | |
| Total Variable costs | 106750 | |
| Contribution Margin | 113250 | |
| Contribution margin ratio | ||
| Contribution margin/Sales | 51.48% | |
| Breakeven point in Dollars | ||
| Total Fixed costs/Contribution magin ratio | 152436 |
Add Answer to:
Pizza Palace only sells Pizza Packages for 150.00 each. They
are a Pizza Catering Operation.
Un-jumble...
Pizza Palace is a restaurant chain with operations across North America. The company operates using typical...
Pizza Palace is a restaurant chain with operations
across North America. The company operates using typical fast food
operations, however is considering adding food trucks in order to
increase business. Below is the CVP Income statement for Pizza
Palace for the 1st quarter of 2020.
Pizza Palace would like to remain using the same
supplier for its dough; however, the supplier is increasing its
prices by $1/pound of dough. Each pound of dough makes 4 small
pizzas (Hint: You will...
Price per Pizza is $10 In addition, Tony projected the following costs corresponding to sales of 4,000 and 6,000 pizzas...
Price per Pizza is $10
In addition, Tony projected the following costs corresponding to sales of 4,000 and 6,000 pizzas for this year's November operation: Sales Levels Operating Cost Items 4,000 6,000 Dough $1,600 $2,400 Toppings 1,000 1,500 Cheese 2,700 1,800 1,200 Tomatoes 1,800 Energy* 2,500 3,000 3,000 Kitchen personnel Delivery personnel 3,000 1,320 880 Car expenses 2,600 2,900 Facilities* 10,000 10,000 Advertising 4,500 4,500 Total Operating Costs $29,080 $33,120 * These costs are all related to the Kitchen. Although...
please answer one and two. Problem 1 XYZ Restaurant, only sells pepperoni pizzas. The restaurant incurs...
please answer one and two.
Problem 1 XYZ Restaurant, only sells pepperoni pizzas. The restaurant incurs the following expenses: Each pizza sells for $10.00/each. Fixed Costs per month Variable Costs per pizza Flour 0.50 General Labor Rent 1,500 3,000 3.00 Cheese Peppero ni Utilities 450 2.00 Please submit your answers to the following questions: 1. What is the contribution margin? 2. How many pizzas must the restaurant sell in order to break even every month? 3. If XYZ Restaurant wants...
to find the cr and the vr from the question Breakeven problem HMT 2215 Insurance Expense...
to
find the cr and the vr from the question
Breakeven problem HMT 2215 Insurance Expense Rent Expense Food Sales Administrative Expense Cost of food Marketing Expense Taxes Returns Beverage Sales Salaries and wages (35% Fixed) Depreciation Expense Maintenance Expenses Allowances Cost of Beverages Benefits (45% Variable) Interest Expense 2,800 7,000 150,000 5,000 45,000 3,500 1,200 2,000 42,000 75,000 3,600 8,000 2,500 22,000 17,000 1,300 Make an income statement from the problem above 1. What is the Sales Cost Volume...
Bell Entertainment sells souvenir T-shirts at each rock concert that it sponsors. The shirts cost $7...
Bell Entertainment sells souvenir T-shirts at each rock concert that it sponsors. The shirts cost $7 each. Any excess shirts can be returned to the manufacturer for a full refund of the purchase price. The sales price is $16 per shirt. Required a. What are the total cost of shirts and cost per shirt if sales amount to 2,000, 2,500, 3,000, 3,500, or 4,000? b. Is the cost of T-shirts a fixed or a variable cost? Complete this question by...
Cost-Volume-Profit Analysis P6-A Melon Company produces a knockoff watch that sells for $40 each. Variable costs...
Cost-Volume-Profit Analysis P6-A Melon Company produces a knockoff watch that sells for $40 each. Variable costs are $12 each and fixed costs are $210,000 each year. Required: 1) What is this product's contribution margin ratio (CM %)? 2) What is this company's break-even point in sales dollars? 3) If sales increase $400,000, how much will net income increase (assuming they are operating within the relevant range and fixed costs do not change) ? 4) Assume 20,000 units were sold last...
I need help with number 4 only please OBJ. 2,3,4,5 ✓ 2. 62.5% Search PR 21-6A...
I need help with number 4 only
please
OBJ. 2,3,4,5 ✓ 2. 62.5% Search PR 21-6A Contribution margin, break-even sales, cost-volume-profit chart, margin of safety, and operating leverage Blythe Industries Inc, expects to maintain the same inventories at the end of 2012 as at the beginning of the year. The total of all production costs for the year is therefore as sumed to be equal to the cost of goods sold. With this in mind, the various department heads were...
saw it's Your Turn.. Ise the Strategie Profit Model Flow Worksheets provided on the following page...
saw it's Your Turn.. Ise the Strategie Profit Model Flow Worksheets provided on the following page 1 complete the following two scenarios: Scenario 3 Scenario 4 Income Statement Sales Income Statement Sales Gross Sales $800,000 $1,400,000 Gross Sales Prmotional Allowances $75,000 Pemotional Allowances $150,000 Customer Returns -$45,000 -$110.000 Customer Returns Total Net Sales Total Net Sales Cost of Goods Sold Cost of Goods Sold COGS $850,000 $600,000 COGS Total COGS Total COGS Gross Margin Gross Margin Expenses Expenses Selling. General...
Answer these following questions: 1. Bridal Shoppe sells wedding dresses. The cost of each dress is...
Answer these following questions: 1. Bridal Shoppe sells wedding dresses. The cost of each dress is comprised of the following: Selling price of $500 and variable (flexible) costs of $200. Total fixed (capacity-related costs for Bridal Shoppe are $90,000. What is the contribution margin per dress a. $500 b. $300 c $600 d. none of these 2. Bridal Shoppe sells wedding dresses. The cost of each dress is comprised of the following: Selling price of $500 and variable (flexible) costs...
Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the company...
Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the company can produce and sell 48,000 Rets per year. Costs associated with this level of production and sales are given below: Unit $ 20 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling expense Fixed selling expense Total cost Total 960,000 288,000 144,000 432,000 96,000 288,000 2,208,000 $ 46 $ The Rets normally sell for $51 each. Fixed manufacturing overhead is constant...
Pizza Palace is a restaurant chain with operations
across North America. The company operates using typical fast food
operations, however is considering adding food trucks in order to
increase business. Below is the CVP Income statement for Pizza
Palace for the 1st quarter of 2020.
Pizza Palace would like to remain using the same
supplier for its dough; however, the supplier is increasing its
prices by $1/pound of dough. Each pound of dough makes 4 small
pizzas (Hint: You will...
Price per Pizza is $10
In addition, Tony projected the following costs corresponding to sales of 4,000 and 6,000 pizzas for this year's November operation: Sales Levels Operating Cost Items 4,000 6,000 Dough $1,600 $2,400 Toppings 1,000 1,500 Cheese 2,700 1,800 1,200 Tomatoes 1,800 Energy* 2,500 3,000 3,000 Kitchen personnel Delivery personnel 3,000 1,320 880 Car expenses 2,600 2,900 Facilities* 10,000 10,000 Advertising 4,500 4,500 Total Operating Costs $29,080 $33,120 * These costs are all related to the Kitchen. Although...
please answer one and two.
Problem 1 XYZ Restaurant, only sells pepperoni pizzas. The restaurant incurs the following expenses: Each pizza sells for $10.00/each. Fixed Costs per month Variable Costs per pizza Flour 0.50 General Labor Rent 1,500 3,000 3.00 Cheese Peppero ni Utilities 450 2.00 Please submit your answers to the following questions: 1. What is the contribution margin? 2. How many pizzas must the restaurant sell in order to break even every month? 3. If XYZ Restaurant wants...
to
find the cr and the vr from the question
Breakeven problem HMT 2215 Insurance Expense Rent Expense Food Sales Administrative Expense Cost of food Marketing Expense Taxes Returns Beverage Sales Salaries and wages (35% Fixed) Depreciation Expense Maintenance Expenses Allowances Cost of Beverages Benefits (45% Variable) Interest Expense 2,800 7,000 150,000 5,000 45,000 3,500 1,200 2,000 42,000 75,000 3,600 8,000 2,500 22,000 17,000 1,300 Make an income statement from the problem above 1. What is the Sales Cost Volume...
Bell Entertainment sells souvenir T-shirts at each rock concert that it sponsors. The shirts cost $7 each. Any excess shirts can be returned to the manufacturer for a full refund of the purchase price. The sales price is $16 per shirt. Required a. What are the total cost of shirts and cost per shirt if sales amount to 2,000, 2,500, 3,000, 3,500, or 4,000? b. Is the cost of T-shirts a fixed or a variable cost? Complete this question by...
Cost-Volume-Profit Analysis P6-A Melon Company produces a knockoff watch that sells for $40 each. Variable costs are $12 each and fixed costs are $210,000 each year. Required: 1) What is this product's contribution margin ratio (CM %)? 2) What is this company's break-even point in sales dollars? 3) If sales increase $400,000, how much will net income increase (assuming they are operating within the relevant range and fixed costs do not change) ? 4) Assume 20,000 units were sold last...
I need help with number 4 only
please
OBJ. 2,3,4,5 ✓ 2. 62.5% Search PR 21-6A Contribution margin, break-even sales, cost-volume-profit chart, margin of safety, and operating leverage Blythe Industries Inc, expects to maintain the same inventories at the end of 2012 as at the beginning of the year. The total of all production costs for the year is therefore as sumed to be equal to the cost of goods sold. With this in mind, the various department heads were...
saw it's Your Turn.. Ise the Strategie Profit Model Flow Worksheets provided on the following page 1 complete the following two scenarios: Scenario 3 Scenario 4 Income Statement Sales Income Statement Sales Gross Sales $800,000 $1,400,000 Gross Sales Prmotional Allowances $75,000 Pemotional Allowances $150,000 Customer Returns -$45,000 -$110.000 Customer Returns Total Net Sales Total Net Sales Cost of Goods Sold Cost of Goods Sold COGS $850,000 $600,000 COGS Total COGS Total COGS Gross Margin Gross Margin Expenses Expenses Selling. General...
Answer these following questions: 1. Bridal Shoppe sells wedding dresses. The cost of each dress is comprised of the following: Selling price of $500 and variable (flexible) costs of $200. Total fixed (capacity-related costs for Bridal Shoppe are $90,000. What is the contribution margin per dress a. $500 b. $300 c $600 d. none of these 2. Bridal Shoppe sells wedding dresses. The cost of each dress is comprised of the following: Selling price of $500 and variable (flexible) costs...
Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the company can produce and sell 48,000 Rets per year. Costs associated with this level of production and sales are given below: Unit $ 20 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling expense Fixed selling expense Total cost Total 960,000 288,000 144,000 432,000 96,000 288,000 2,208,000 $ 46 $ The Rets normally sell for $51 each. Fixed manufacturing overhead is constant...
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