Question

In: Accounting

Data: selling price per large Snowie 4$ Ice per snowie (need one per servin)0.2 Spoon straw...

Data: selling price per large Snowie 4$

Ice per snowie (need one per servin)0.2

Spoon straw (need one per serving)0.02

Napking(need two per snowine) 0.01

Serving per gallon of syrup 28

Cost per gallon of syrup (includes concentrate, preservative, and sugar) 4.25

Hourly rate for workers 10

Even registration fee per day 25

Electricity, insurance, maintenance, and permit cost per month 250

Kiosk rental cost per month (12 month) 650

Purchase cost of two ice shavers (5 year life) 3180

Purchase cost of flavor station (5 year life) 1080

Number of days you anticipate opening the kiosk per month 20

Number of hours you will work (no wages required) per day 6

Number of hours you will pay an employee to work in the kiosk per day 8

Questions:

Syrup cost per Snowie (cost gallon/serving per gallon od syrup)

Cost per day (Hourly rate for workers x Number of hours you will pay an employee)

Cost per month( Cost per day above x Number of days kiosk is open per month)

Total variable cost per snowie

Straight-line depreciation- ice shavers($3180/5years/12month)

Straight-line depreciation – flavour station($1080/5/12)

Total fixed cost per month

Solutions

Expert Solution

Answer :

(1). Syrup cost per Snowie

= Cost per Gallon / No of servings per Gallon

= 4.25/2

= 0.15

(2). Cost per day

= Hourly rate for workers * Number of hours you will pay an employee

= 10*8

= 80

(3) Cost per month

= Cost per day above * Nuber of days kiosk is open month

= 80*20

= 1600

(4). Variable cost of Snowie

Particulars	Qty per seving	Amount
Ice	1	0.2
Spoon straw	1	0.02
Napkin	2	0.02
Syrup	1	0.15
Variable cost per Snowie	-	0.39

(5).Straight line depreciation - Ice shavers

= 3180/ 5 years /12 month

= 53

(6). Straight line depreciation - flavour station

= 1080/5/12

= 18

(7). Total fixed cost per month

Particulars	Working	Amount
Registration fee	*25 per day 20 day**	500
Electricity, insurance, maintenance,and permit	-	250
Kiosk rental	-	650
Wages	-	1600
Depreciation - Ice shavers	-	53
Depreciation - Flavour station	-	18
Total fixed cost per month	-	3071

ekkarill92 answered 1 year ago

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