myMDC I Miami Dade C Do Homework - JORGE CASTRO ACG2071 REF 11366 THURSDAY Homew
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myMDC I Miami Dade C Do Homework - JORGE CASTRO ACG2071 REF 11366 THURSDAY Homework: Chapter 10 Lab Score: 0 of 1 pt XP8-49B (similar to) JORGE CASTRO 1 of 1(1 Hw Score: 0%, 0 of 1 pt assets. Its yearly fixed costs are $668,500, and the variable costs for the potting soil, container, label, ABC Gardening's volume i to sell to the public for $9 to $11, depending on the type of plant. es plants for garden centers throughout the region. ABC Gardening has $5.25 million in Question Help * currently 490,000 units. Competitors offer the same quality plants to garden centers for $3.70 each. seedling, and labor for each gallon-sized plant total $1.20 Garden centers then mark them up Requirement 1, ABC Gardening owners want to earn a 12% return on the company's a the target full cost for ABC Gardening. Select the formula labels and enter the amounts ssets, what is ABC Gardening's target full cost? Target full cost Choose from any list or enter any number in the input fields and then click Check Answer 6 remaining Clear Al Check AnswerExplanation / Answer
1.
2.
No, the owners of ABC Gardening would not be able to achieve the target profit of $ 630,000 with the current cost structure.
3. Total Variable Cost = 490,000 x $ 1.05 = $ 514,500.
Therefore, maximum fixed cost can be $ 1,183,000 - $ 514,500 = $ 668,500.
Yes, this change in variable cost will allow the company to achieve the target profit.
4.
$ Target Sales Revenue ( 490,000 x $ 3.70) 1,813,000 Less: Target Profit ( $ 5,250,000 x 12%) 630,000 Target Full Cost 1,183,000Related Questions
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