Business, 18.03.2021 01:20, familyk0jj3
Account Analysis Method Shirrell Blackthorn is the accountant for several pizza restaurants based in a tri-city area. The president of the chain wanted some help with budgeting and cost control, so Shirrell decided to analyze the accounts for the past year. She divided the accounts into four different categories, depending on whether they appeared to be primarily fixed or to vary with one of three different drivers. Food and wage costs appeared to vary with the total sales dollars. Delivery costs varied with the number of miles driven (workers were required to use their own cars and were reimbursed for miles driven). A group of other costs, including purchasing, materials handling, and purchases of kitchen equipment, dishes, and pans, appeared to vary with the number of different product types (e. g., pizza, salad, and lasagna). Shirrell came up with the following monthly averages:
Food and wage costs $155,000
Delivery costs $22,950
Other costs $260
Fixed costs $265,000
Sales revenue $650,000
Delivery mileage in miles 9,000
Number of product types 20
Required:
1. Calculate the average variable rate for the following costs: food and wages, delivery costs, and other costs.
2. Form an equation for total cost based on the fixed costs and your results from Requirement 1.
3. The president is considering expanding the restaurant menu and plans to add one new offering to the menu. According to the cost equation, what is the additional monthly cost for the new menu offering?
Answers: 2
Business, 22.06.2019 13:10, Hannahdavy5434
Thomas kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. thomas's fastest-moving inventory item has a demand of 6,000 units per year. the cost of each unit is $100, and the inventory carrying cost is $10 per unit per year. the average ordering cost is $30 per order. it takes about 5 days for an order to arrive, and the demand for 1 week is 120 units. (this is a corporate operation, and the are 250 working days per year.)a) what is the eoq? b) what is the average inventory if the eoq is used? c) what is the optimal number of orders per year? d) what is the optimal number of days in between any two orders? e) what is the annual cost of ordering and holding inventory? f) what is the total annual inventory cost, including cost of the 6,000 units?
Answers: 3
Business, 22.06.2019 21:40, QueenNerdy889
Which of the following comes after a period of recession in the business cycle? a. stagflation b. a drought c. a boom d. recovery
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Business, 23.06.2019 13:30, raeesahp6693
Amarginally attached worker is a person who is not happy with his or her job. someone who works part-time more than 25 hours per week but wants full-time work. someone who does not have a job but is available and willing to work and has made specific but unsuccessful efforts to find a job during the past 4 weeks. someone who does not have a job but is available and willing to work but has not made specific efforts to find a job during the past 4 weeks. another name for an unemployed worker.
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Account Analysis Method Shirrell Blackthorn is the accountant for several pizza restaurants based in...
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