Liam, the manager of the Ice Cream Igloo, has been told that to earn a...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Liam, the manager of the Ice Cream Igloo, has been told that to earn a reasonable profit she should price her products at 200% of the cost of ingredients. Liam has gathered the following data on the cost of ingredients used to make a banana split The distributor charges $12 for a dozen bananas; each banana split uses one banana. . .Ice cream costs $3.20 per litre; each banana split uses two scoops of ice cream. . One litre of ice cream equals eight scoops of ice cream. Stacy makes her own fruit toppings at a cost of $0.25 per tablespoon; each banana split uses six tablespoons of fruit toppings. Each banana split uses three tablespoons of premium chocolate sauce, which costs S0.25 per tablespoon. . .The cost of other miscellaneous ingredients, such as whipped cream and nuts, totals S0.05 per banana split. Required: a) Calculate the cost of a banana split. b) List two factors that could cause these estimated costs to be inaccurate.*
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: Flex AI - Your personal assistant for all your inquiries!
