Question
In: Accounting
Mission Foods produces two flavors of tacos, chicken and fish, with the following characteristics: Chicken Fish...
Mission Foods produces two flavors of tacos, chicken and fish, with the following characteristics:
| Chicken | Fish | |||||
| Selling price per taco | $ | 3.00 | $ | 4.50 | ||
| Variable cost per taco | 1.50 | 2.25 | ||||
| Expected sales (tacos) | 200,000 | 300,000 | ||||
|
a. What is the anticipated level of profits for the expected sales volumes? Profit Chicken c.If the product sales mix were to change to four chicken tacos for each fish taco, what would be the new break-even volume? (In your computations, round up the total units to break-even to the nearest whole number and round other intermediate calculations to 2 decimal places. Round your final answers up to the nearest whole unit.) Chicken Fish |
||||||
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Mission Foods produces two flavors of tacos, chicken and fish, with the following characteristics: Chicken Fish...
Mission Foods produces two flavors of tacos, chicken and fish,
with the following characteristics:
Chicken
Fish
Selling price per taco
$
3.40
$
4.90
Variable cost per taco
1.70
2.45
Expected sales (tacos)
207,000
295,000
The total fixed costs for the company are $118,000.
Required:
a. What is the anticipated level of profits for
the expected sales volumes?
b. Assuming that the product mix would be 37
percent chicken and 63 percent fish at the break-even point,
compute the break-even...
Mission Foods produces two flavors of tacos, chicken and fish, with the following characteristics: Chicken Fish...
Mission Foods produces two flavors of tacos, chicken and fish,
with the following characteristics: Chicken Fish Selling price per
taco $ 3.70 $ 5.20 Variable cost per taco 1.85 2.60 Expected sales
(tacos) 204,000 296,000 The total fixed costs for the company are
$112,000. Required: a. What is the anticipated level of profits for
the expected sales volumes? b. Assuming that the product mix would
be 44 percent chicken and 56 percent fish at the break-even point,
compute the break-even...
Mission Foods produces two flavors of tacos, chicken and fish, with the following characteristics: Chicken Fish...
Mission Foods produces two flavors of tacos, chicken and fish,
with the following characteristics: Chicken Fish Selling price per
taco $ 3.60 $ 5.40 Variable cost per taco 1.80 2.70 Expected sales
(tacos) 191,000 305,000 The total fixed costs for the company are
$116,000.
b. Assuming that the product mix would be 45 percent chicken and
55 percent fish at the break-even point, compute the break-even
volume.
Break-even Volume
Chicken tacos ?
Fish tacos ?
c. If the product sales...
Mission Foods produces two flavors of tacos, chicken and fish, with the following characteristics: Chicken FishSelling...
Mission Foods produces two flavors of tacos, chicken
and fish, with the following characteristics:
Chicken FishSelling price per
taco$3.40 $5.50 Variable cost per
taco 1.70 2.75 Expected sales
(tacos) 195,000 291,000
The total fixed costs for the company are
$124,000.
Required:
b. Assuming that the product mix would be
36 percent chicken and 64 percent fish at the break-even point,
compute the break-even volume. (In your computations, round
up the total units to break-even to the nearest whole number and
round other intermediate calculations to 2...
Which of the following events would increase the demand for chicken tacos at a local restaurant...
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a decrease in the price of a bottle of beer, a complementary
good to chicken tacos
a decrease in the price of the chicken used in making the
tacos
a decrease in the price of a rival restaurant's chicken
tacos
a decrease in the price of burritos, a substitute good for
chicken tacos
a...
CHAPTER 6 Criteria below: Characteristics of a Good Mission StatementA good mission statement has the following...
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Characteristics of a Good Mission StatementA good mission
statement has the following characteristics:•It should be short,
about 200 to 300 words, definitely no more thana single page.
Drafting a concise mission statement can pose a chal-lenge for many
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service. The estimated after-tax cash flow of this project is
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Singing Fish Fine Foods has $2,020,000 for capital investments this year and is considering two potential...
Singing Fish Fine Foods has
$2,020,000
for capital investments this year and is considering two
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store's deli section for additional food service. The estimated
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$570,000
per year for the next five years. Project 2 is updating the
store's wine section. The estimated annual after-tax cash flow for
this project is
$490,000
for the next six years. If the appropriate discount rate for the...
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