User Account

All Pages

Calculate marginal cost of producing one box of vegetables

Assignment Help Financial Accounting
Reference no: EM132524941

John Pitman runs a small business specialising in delivering organic fruit and vegetables to the local area. He buys from local farms and packages these together in boxes and delivers them locally. Each box is sold for $12. He has the following costs

Direct wages are $9 per hour (30 minutes per box on average)

Fruit and vegetables are $4 per box

Other fixed costs incurred each year are as follows:

$Rent of delivery van4,500

Rent of premises10,500

Advertising2,000

Question 1: Calculate the marginal cost of producing one box of vegetables.

Question 2: State the formula for break-even in boxes (units)

Question 3: Calculate the break-even point in boxes (unit)

Question 4: Examine the factors that influence the setting of the price of a box of fruit and vegetables.

Reference no: EM132524941

Questions Cloud

Creating mock incident response protocol : Creating a mock incident response protocol for a mock organization. Include at a minimum a discussion on business continuity plans
Clarify has ebitda of million : Clarify has EBITDA of $45 million. It also has 5 million shares outstanding and debt of $150 million (net of cash). Assume that Uber is comparable
Project of system development project : Software Project Management Plan - Make a complete working system combining different elements so that to make it working on xampp
Access management and privileged access management : Comparing and contrasting Identify Access Management and Privileged Access Management.
Calculate marginal cost of producing one box of vegetables : Calculate the break-even point in boxes (unit) Examine the factors that influence the setting of the price of a box of fruit and vegetables.
Workplace monitoring : Companies invest in human capital as well as computer infrastructure employees use to make money for the company.
What methods can used by fed to influence interest rates : What methods can be used by the FED to influence interest rates? Are these methods effective? Use examples where appropriate.
What gross margin percentage : The projected net profit for the period was set at 4.0%. What gross margin percentage was required to achieve the desired profit
Estimate the value of a share of saudi aramco : Suppose that Saudi Aramco has earnings per share of $3.45. The average oil company has a P/E of 12.5. However, Aramco should likely receive a positive adjustmen

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the rate of return on assets

What is the rate of return on assets? Wilma and Fred Farmer have the following information about their farm Assets $1,600,000

  Diversified manufacturer that manufactures three products

Teldar Manufacturing Company is a diversified manufacturer that manufactures three products (M5, Z4, and I8) in a continuous production process. Senior management has asked the controller to conduct an activity-based costing study. The activity-base ..

  Prepare a post-closing trial balance

Post to the customer and creditor accounts. Also post individual items that are not included in column totals at the end of the month to the general ledger accounts. Foot and cross foot the journals and make the month-end postings.

  Off method records uncollectibleminus-account ?expense

The direct writeminus−off method records Uncollectibleminus−Account ?Expense. n quickbooks, to comment on a report, you must ___.

  Correcting and adjusting entries

Floppy is a small company and records adjusting entries & closing entries only at fiscal (calendar) year end. Correcting and adjusting entries have not been recorded

  Calculate the return on investment for each segment

Shaq Company operates with three segments, Louisiana, Orlando, and LA. Calculate the return on investment for each segment. Rank from highest to lowest

  What is disco city break-even point for the current year

What is Disco City's break-even point for the current year in number of video disks. (Round your final answer up to nearest whole number.)

  What are janet and herman realized and recognized gains

exchange for his half-interest in their home with a total value of $150,000 and a basis of $130,000. What are Janet and Herman’s realized and recognized gains or losses on this exchange?

  Prepare the journal entry to record the issuance of bond

Cupola Fan Corporation issued 10%, $400,000, 10-year bonds for $385,000 on June 30, 2016. Debt issue costs were $1,500. Interest is paid semiannually on December 31 and June 30. Prepare the journal entry to record the issuance of the bonds. Prepare t..

  What the effect on a set of published financial statements

Explain and give example of the effect on a set of published financial statements if the going concern convention is held not to apply.

  With reference to modern banking and its origins

With reference to modern banking and its origins. Identify two key reasons for using a structured investment vehicle in a securitization exercise. Outside the US, which is the largest shadow banking region: UK, EMU or Emerging Markets? Which "shadow"..

  Issuance of bonds payable of sawyer corporation

Problem: The following information was taken from the 2008 financial statements of Sawyer Corporation:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd