IScream For Ice Cream sells specialty ice cream in three flavors: Rocky Road, Pe

Question

IScream For Ice Cream sells specialty ice cream in three flavors: Rocky Road, Peanut Butter, and Fruity Tooty. It sold 20,000 gallons last year. For every five gallons of ice cream sold, one pound is Fruity Tooty and the remainder is split evenly between Peanut Butter and Rocky Road. Fixed costs for I Scream For lce Cream are $48,300 and additional information follows Sales price per pound Variable cost per pound The sales mix percentage of Fruity Tooty based upon pounds is Rocky Road $6.00 $3.75 Peanut Butter $5.75 $2.00 Fruity Tooty 9.00 $3.75 OA, 7536. O B. 2096 ? ?. 40% OD, 71%

Explanation / Answer

Solution: Answer is B. 20% Working Notes: For every five gallons of ice cream sold, one gallon is Fruity Tooty and the remainder is split evenly between Peanut Butter and Rocky Road means Out of Every 5 Gallons , one is Fruity Tooty and remaining 4 out of 5 is split evenly between Peanut Butter and rocky Road that is 2 for Peanut Butter & 2 for Rocky Road. Hence, Sale Mix Fruity Tooty 1/5 =1/5 = 0.20 = 20% Peanut Butter 2/5 =2/5 = 0.40 =40% Rocky Road 2/5 =2/5 = 0.40 =40% Therefore: Sale Mix Fruity Tooty 20% Please feel free to ask if anything about above solution in comment section of the question.

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.