Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. corner cupcakes co. is selling cupcakes for $8 for

Corner Cupcakes Co. is selling cupcakes for $8 for a box of four. Corner has...

70.2K

Verified Solution

Question

Accounting

Corner Cupcakes Co. is selling cupcakes for $8 for a box of four. Corner has fixed costs equali $105,600 per year, and its accountant has calculated the contribution margin ratio on each bo donuts to be 55%. Based on this information, which of the following statements is correct? O The monthly break-even point is 1,900 boxes sold. Operating profit will be $1,280 if 2,200 boxes are sold next month. O Operating profit will be $880 if 2,200 boxes are sold next month. O The monthly break-even point is 2,100 boxes sold.
image
Corner Cupcakes Co0. is selling cupcakes for $8 for a box of four. Corner has fixed costs equal $105,600 per year, and its accountant has calculated the contribution margin ratio on each b donuts to be 55%. Based on this information, which of the following statements is correct? The monthly break-even point is 1,900 boxes sold. Operating profit will be $1,280 if 2,200 boxes are sold next month. Operating profit will be $880 if 2,200 boxes are sold next month. The monthly break-even point is 2,100 boxes sold

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Please type the response how does the Autonomic nervous system affect circulation, respiration, digestion and excretion?

Medical Sciences
Q

Assume a corporation has earnings before depreciation and taxes of $104,000, depreciation of $42,000, and that...

Finance
Q

Question If the exponential model f x Provide your answer below 14 5 is written...

Algebra
Q

Which of the following best presents the related lines in the stockholders equity section of...

Algebra
Q

4x y The fifth term of the binomial expansion is Simplify your answer

Algebra
Q

Rory Company has a machine with a book value of $109,000 and a...

Accounting
Q

Swifty Company estimates that 366,000 direct labor hours will be worked during the coming year,...

Accounting
Q

Prepare revised income statements for each product, assuming a 20 \begin{tabular}{|l|l|} \hline Req A Req...

Accounting
Q

Tapatio S.A. de C.V. acquired a new piece of manufacturing equipment on January 1, 2016,...

Accounting
Q

Sales-Related and Purchase-Related Transactions Using Perpetual Inventory System The following were selected from among the...

Accounting
Q

Macee Department Store has three departments, and it conducts advertising campaigns that benefit all departments....

Accounting
Q

credit fast offers loans at an annual percent rate of 7 . 9 ...

Finance