Angie’s Empanadas: CVP and Cost Behavior 20 points Tired of the corporate life Angie opened Angie’s Empanadas in on April 1st near a large university campus. She had long been told that her empanadas were the best in town. Angie sells three different types of empanadas, Peruvian, Argentinean and vegaterian as appetizers, selling to local restaurants. The empanadas are assembled in a rented kitchen, with the stuffing fully cooked, frozen and then placed on trays in batches of eight. Currently all types sell for the same price. Each tray of 8 empanadas is priced at $ See attached Spreadsheet. Restaurants unwrap the tray and then heat the empanadas in an oven as an appetizer for patrons. Angie rented a kitchen near her home. Angie does most of the preparation and assembly herself but additional labor is hired as needed to help make the product. The assembly is mostly by hand so labor is a relatively large part of the cost of the product. Because the ingredients are organic and sometimes not readily available they are relatively high cost as well. Angie relies on quality and excellent taste to differentiate her products but is trying to keep the price low to gain a foothold in the market. Angie’s realizes that the business will take time to be profitable so her short term goal is to break even. By the end of the first year Angie would like to earn at least $4,000 a month. The results of Angie’s first six months of operations are presented on the attached spreadsheet. Prices are per tray so when determining per unit amounts use trays as the basic unit. By the way Yum! Instructions for completing Angie’s Empandadas: 1. First open the spreadsheet named Names & IDnumbers 2. Input your name Last name first, then first name below the labels 3. Input your 9 digit (not dashes) Woodbury ID number one number in each space provided. Each student has a different set of numbers based on your ID number. Using another student’s ID number to complete the assignment will result in a zero for the assignment. 4. Open the spreadsheet Questionsfigures. You will find a table of figures showing the results of operations for Angie’s Empanadas from April through September. 5. Use the figures as they appear after inputting your ID number. Please note that there are numbers in place without entering your ID number. Do not use the unedited numbers. Using these numbers will result in a zero for the assignment. 6. Provide the information as requested below the table and construct a detailed Variable-Costing Income Statement for the period covered. 7. Put all answers in the areas next to the questions and show calculations using excel functions on the same spreadsheet. Use regression analysis to find the components of mixed costs. 8. Don’t forget to answer the question below your Income Statement. Use your knowledge of finance or marketing or management, and the details provided in the write up to answer this .

1. Angie’s Empanadas: CVP and Cost Behavior 20 points
Tired of the corporate life Angie opened Angie’s Empanadas in
on April 1st near a large
university campus. She had long been told that her empanadas
were the best in town.
Angie sells three different types of empanadas, Peruvian,
Argentinean and vegaterian as
appetizers, selling to local restaurants.
The empanadas are assembled in a rented kitchen, with the
stuffing fully cooked, frozen
and then placed on trays in batches of eight. Currently all types
sell for the same price.
Each tray of 8 empanadas is priced
at $
See attached Spreadsheet.
Restaurants unwrap the tray and then heat the empanadas in an
oven as an appetizer for
patrons. Angie rented a kitchen near her home. Angie does
most of the preparation and
assembly herself but additional labor is hired as needed to help
make the product. The
assembly is mostly by hand so labor is a relatively large part of

2. the cost of the product.
Because the ingredients are organic and sometimes not readily
available they are relatively
high cost as well. Angie relies on quality and excellent taste to
differentiate her products but
is trying to keep the price low to gain a foothold in the market.
Angie’s realizes that the business will take time to be profitable
so her short term goal is to
break even. By the end of the first year Angie would like to
earn at least $4,000 a month.
The results of Angie’s first six months of operations are
presented on the attached
spreadsheet. Prices are per tray so when determining per unit
amounts use trays as the
basic unit.
By the way Yum!
Instructions for completing Angie’s Empandadas:
1. First open the spreadsheet named Names & IDnumbers
2. Input your name Last name first, then first name below the
labels
3. Input your 9 digit (not dashes) Woodbury ID number one
number in each space provided.

3. Each student has a different set of numbers based on your ID
number. Using another
student’s ID number to complete the assignment will result in a
zero for the assignment.
4. Open the spreadsheet Questionsfigures. You will find a table
of figures showing the results of
operations for Angie’s Empanadas from April through
September.
5. Use the figures as they appear after inputting your ID
number. Please note that there are
numbers in place without entering your ID number. Do not use
the unedited numbers. Using
these numbers will result in a zero for the assignment.
6. Provide the information as requested below the table and
construct a detailed Variable-Costing
Income Statement for the period covered.
7. Put all answers in the areas next to the questions and show
calculations using excel functions on
the same spreadsheet. Use regression analysis to find the
components of mixed costs.
8. Don’t forget to answer the question below your Income
Statement. Use your knowledge of
finance or marketing or management, and the details provided in
the write up to answer this
question.

4. 9. Save the spreadsheet with your name in the filename and
submit via Moodle.
10. All work is to be done independently!
1. The overall predicted portion of Y score variability is
measured by r squared. T or F
2. SS regression is the denominator in the F-ratio inference test
for regression. T or F
3. SS residual is the numerator in the F-ratio inference test for
regression. T or F
4. No correlation between two variables is numerically
represented by -1.00. T or F
5. In regression the values of a and b are derived from sample
data. T or F
6. Graph and discuss a positive correlation.
7. Graph and discuss a negative correlation.
8. List and discuss the components of the straight line equation
for regression.
9. Explain how scatter away from the regression line is
considered to be error.

5. G&W Chapter 15 questions
10. List and describe the components for the chi square formula.
11. Explain the difference between the chi square goodness of
fit test and the test for independence.
12. Explain how degrees of freedom are calculated for the test
for independence.
13. Explain how expected frequencies are calculated for the test
for independence.
14. The phi coefficient is an effect size measure at the interval
level of measurement. T or F
15. The formulas for the phi coefficient and for Cramer’s V are
very similar. T or F
16. Chi square can be used if the expected frequencies in a cell
are less than 5. T or F
17. There is a form of chi square that can be used for repeated
measures designs. T or F
S book questions
Chapter 8
18. Why is the chi square goodness of fit test the appropriate
inference test for the basketball sales/ seasons example used in

6. this chapter?
Chapter 9
19. Why is the chi square test of independence the appropriate
inference test for the gender/ political affiliation example used
in this chapter?
Chapter 10
20) This chapter introduces the concept of the ‘noise correction
factor’, in the context of the signal divided by noise. What is
the noise correction factor?
Chapter 11
21. What is the purpose of the questions embedded in the
statistical decision tree?
Lecture questions:
22. Each data point on a scatterplot indicates both an X value
and a Y value. T or F
23. A positive correlation is graphically represented by a line of
best fit that declines from upper left to lower right. T or F
24. A negative correlation is graphically represented by a line
of best fit that rises from the lower left to the upper right. T or
F
25. r is both a descriptive statistic and a statistical inference

7. test. T or F
26. The Pearson’s correlation coefficient is the correlation
measure used for ordinal level data. T or F
27. In regression X is the criterion variable and Y is the
predictor variable. T or F
28. Researchers usually do correlation analysis before
regression analysis when analyzing data. T or F
29. Multiple regression has more than one criterion variable. T
or F
30. The Spearman correlation coefficient can be used for ranked
data. T or F
31. r and r squared are related. T or F
32. Chi square is the only inference test that does not have a
table of critical numbers in the back of the book. T or F
33. Chi square can be used as an inference test for repeated
measures designs. T or F
34. The chi square formula is used for each cell in a
contingency table. T or F
35. The phi coefficient and the Cramer’s V are effect size
measures related to chi square. T or F
36. When testing for the strength of a relationship, if both
variables are at the Nominal level the Pearson’s correlation
coefficient is the correct inference to use. T or F
37. In chi square degrees of freedom is based on sample size. T
or F
38. Answering the questions in the statistical decision tree will
ultimately lead you to the appropriate inference test to use to
analyze your data. T or F
39. Explain the differences between a causal analysis, a
predictive analysis and a correlational analysis.

8. Name &
IDnumberIDName:LastFirst123456789HusianAns000074765294
Questionsfigures Cost_Volume_Profit AnalysisInput your M
number in the Name &Mnumber spreadsheet and use the
figures& the behavior of costsPrice per trayF$11.83$11.83Over
the past six months Angiehas incurred the following costs and
made the sales revenuesrelated to her empanada
business0.240.330.29100$ 130.00$
760.00EmpanadaLaborTotalEmpanadaLaborSalesIngredientsCos
tsTraysRentUtilitiesDeliveryQuantityProfitCostSalesIngredients
CostsTraysRentUtilitiesDeliveryQprofitAPRIL$ 3,549.00$
851.76$ 1,171.17$ 87.00$ 1,100.00$ 130.00$ 760.00300$
(550.93)$ 4,099.93APRIL$ 3,549.00$ 851.76$ 1,171.17$
87.00$ 1,100.00$ 130.00$ 760.00300$ (550.93)300MAY$
4,140.50$ 993.72$ 1,366.36$ 101.50$ 1,100.00$ 134.00$
820.00350$ (375.09)$ 4,515.58MAY$ 4,140.50$ 993.72$
1,366.36$ 101.50$ 1,100.00$ 134.00$ 820.00350$
(375.09)350JUNE$ 5,323.50$ 1,277.64$ 1,756.75$
130.50$ 1,100.00$ 142.00$ 940.00450$ (23.40)$
5,346.89JUNE$ 5,323.50$ 1,277.64$ 1,756.75$ 130.50$
1,100.00$ 142.00$ 940.00450$ (23.40)450JULY$
5,915.00$ 1,419.60$ 1,951.95$ 145.00$ 1,100.00$
146.00$ 1,000.00500$ 152.45$ 5,762.55JULY$ 5,915.00$
1,419.60$ 1,951.95$ 145.00$ 1,100.00$ 146.00$
1,000.00500$ 152.45500AUGUST$ 7,689.50$ 1,845.48$
2,537.53$ 188.50$ 1,100.00$ 158.00$ 1,180.00650$
679.98$ 7,009.51AUGUST$ 7,689.50$ 1,845.48$
2,537.53$ 188.50$ 1,100.00$ 158.00$ 1,180.00650$
679.98650SEPTEMBER$ 13,013.00$ 3,123.12$ 4,294.29$
319.00$ 1,100.00$ 194.00$ 1,720.001,100$ 2,262.59$
10,750.41SEPTEMBER$ 13,013.00$ 3,123.12$ 4,294.29$
319.00$ 1,100.00$ 194.00$ 1,720.001100$
2,262.591100Total$ 39,630.50$ 9,511.32$ 13,078.06$

9. 971.50$ 6,600.00$ 904.00$ 6,420.003,350$ 2,145.61$
37,484.88Variable cost per unit$ 2.84$ 3.90$ 0.29$ - 0$
0.08$ 1.20$ 8.31Fixed cost per month$ - 0$ (0.00)$
0.00$ 1,100.00$ 106.00$ 400.00$ 1,606Answer the
following questions:Using formulas and links Do not type in
answers$ 2.84$ 3.90$ 0.29$ 1,100.00$ 0.38$ 2.34$
2.84$ 3.90$ 0.29$ 1,100.00$ 0.32$ 2.09Month Angie first
earns a profit?$ 2.84$ 3.90$ 0.29$ 1,100.00$ 0.29$
2.00Which months does Angie have a loss?$ 2.84$ 3.90$
0.29$ 1,100.00$ 0.24$ 1.82$ 2.84$ 3.90$ 0.29$
1,100.00$ 0.18$ 1.56Which items are:Variable cost
items?IngredientsLaborTraysVCu$ 0.08$ 1.20Mixed Cost
items?UtilitiesDeliveryFC106400Fixed Cost
item?RentContribution Margin per tray?$3.52Contribution
Margin percentage?29.73%Angie's CVP formula per
monthProfit =$11.83Q -$ 8.31Q -$ 1,606Break even
Quantity457Break even Sales$
5,402.20EmpanadaLaborSalesIngredientsCostsTraysRentUtilitie
sDeliveryQSales for target profit of $4,000 mo1,594.02units$
18,857.23$ 4,000.00$ 1,000.00$ 1,200.00$ 100.00$
1,000.00$ 140.00$ 600.00338.1234150465$
4,0005,000.001,250.001,500.00125.001,000.00150.00700.00422
.6542688081Taxes Income
30%3,000.00750.00900.0075.001,000.00130.00500.00253.5925
6128492,500.00625.00750.0062.501,000.00125.00450.00211.32
71344041Break even
Quantity4574,500.001,125.001,350.00112.501,000.00145.00650
.00380.388841927310,000.002,500.003,000.00250.001,000.002
00.001,200.00845.3085376162Sales for target profit of $4,000
mo2,081.46units$ 24,623.67$ 5,714.29Please provide, in
good form, an itemized Variable-Costing Income Statement for
the six month period from April through September$ 2.84$
3.90$ 0.29$ 1,100.00$ 0.43$ 2.53(Do not show 6 income
statements)$ 2.84$ 3.90$ 0.29$ 1,100.00$ 0.38$ 2.34$
2.84$ 3.90$ 0.29$ 1,100.00$ 0.32$ 2.09Sales$
39,630.50$ 2.84$ 3.90$ 0.29$ 1,100.00$ 0.29$

10. 2.00Minus Variable Costs$ 2.84$ 3.90$ 0.29$ 1,100.00$
0.24$ 1.82Ingredients$
9,511.32Labor13,078.06Trays971.50Vcu0.081.2Utilities268.00F
C106.00400Delivery4,020.00Total variable
costs27,848.88Contribution Margin11,781.61Minus Fixed
CostsRent6,600.00$11.83Price100%457BEqUtilities636.00$
1,606.008.31Vcu70%Delivery2,400.00$3.52Cmu30%$
5,402.20BE$Total Fixed Costs9,636.00Operating Income$
2,145.61What questions would you need to have answered to
determine if Angie can reach her goal in the next six months?
InputsAssumptions 4th
QuarterPriceSales$11.83QuantityOctober
1,554November1,772December2,214January2,214February2,214
InputsDirect Materials AssumptionsCash Flow
AssumptionsBeginning InventorySalesCash
collectionsIngrediants0Cash35%Trays0Credit65%following
monthDesired ending
InventoryUncollectable0Ingrediants5%Trays50%Current cash
balance September 30.$ 6,509.28Account Receivable$
8,458.45Standard Costs (last 6 mos)per trayCash
DisbursementsIngrediants$ 2.84Ingrediants100%following
monthTrays$ 0.29Trays100%following monthLine of credit
and desired cash balanceDirect Labor AssumptionsLine of
credit$ 20,000Standard Costs (last 6 mos)per trayDesired Cash
balance$ 10,000$ 3.90Interest rate/year6%Borrowing
Increment$ 1,000Overhead assumptions and ratesAccounts
PayableRatesper trayIngrediants$ 3,123.12Utilities$
0.08Trays$ 319.00Other accounts paid in the monthper
monthUtilities$ 106Rent$ 1,265Finished Goods
InventoryQuanitityBeginning0.00%0Selling & Administrative
CostsEnding6.00%Ratesper trayDelivery$ 1.56per
monthDelivery$ 400Included in monthly delivery
costsAdvertising$ 500Fixed Delivery Vehicle
DepreciationDonated Van (April 1)$ 9,400years life3Salvage
value$ 1,120Accumulated depreciation$ 1,380Value of
invested capitalCash$ 8,000Van$ 9,400

11. Beginning Balance SheetBalance Sheet30-SepAssetsLiabilities
& OECash$ 6,509AP$ 3,442.12AR8,458Loan
PayableInventoryMaterialsFG-Van9,400Invested
capital17,400Accm Dep(1,380)Profit(loss)2,146Total Assets$
22,987.73Total L & OE$ 22,987.73
Sales & Cash CollectionsSales BudgetOctober
NovemberDecemberTotalQuantityRevenueCash Inflows October
NovemberDecemberfrom Sept.October October
NovemberNovemberDecemberTotalsAR End
Production BudgetProduction BudgetOctober
NovemberDecemberJanuaryQuarterSales BudgetedDesired
Ending Inv6%+Total needsLess BI-Required Production
Materials budgetDirect Materials BudgetInputsOctober
NovemberDecemberQuarterJanuaryRequired Production
UnitsRaw Material pertray inputsxProduction needsDesired
ending InvIngrediants+Total needsLess BI-Ingrediants to
PurchaseCost for ingrediantsTraysOctober
NovemberDecemberQuarterJanuaryRequired Production
Units00002,214Material perTrayx11111Production
needs/lbs00002,214Desired ending InvTrays+001,1071,107Total
needs001,1071,107Less BI Trays-00013,000Trays to
purchasePurchase001,1071,107Cost for trays$ -$ -$ 321$
321
Cash Disbursements MaterialsCash Disbursements
MaterialsOctober NovemberDecemberQuarterAP
BeginningOctober 100.0%November100.0%DecemberTotal
Cash out MaterialsAP ending
Direct Labor BudgetDirect Labor BudgetOctober
NovemberDecemberQuarterUnit to be produced0000DL Cost
per trayx$ 3.90$ 3.90$ 3.90$ 3.90Total DL Cost$ -$ -$
-$ -
MOHManufacturing OverheadOctober
NovemberDecemberQuarterBudgeted Trays0000VMOH Ratex$
0.08$ 0.08$ 0.08$ 0.08VMOH$ -$ -$ -$ -
FMOH+1,3711,3711,3714,113Total
MOH1,3711,3711,3714,113Less Depreciation-Cash

12. Disbursements for MOH$ 1,371$ 1,371$ 1,371$ 4,113
S & A ExpenseS & A ExpenseOctober
NovemberDecemberQuarterBudgeted Sales/ Units0000V S&A
per unitx$ 1.56$ 1.56$ 1.56$ 1.56V S&A Expense$ -$ -
$ -$ -Fixed S&A Expense+9009009002,700Total
S&A9009009002,700Depreciation-230230230690Cash Out
S&A$ 670$ 670$ 670$ 2,010
Cash BudgetCash BudgetOctober
NovemberDecemberQuarterLoan BalanceCash Balance
BeginningAddCash CollectionsTotal Available CashLess
DisbursementsDMDLMOHS&AEquipment
PurchasesDividendsTotal DisbursementsAvaiable minus
DisbursDesired cash balanceExcess(deficiency) ofCash
available111BorrowingRepayments$ 45.00Cash Balance,
ending
COGM&COGSVCOGMOctober NovemberDecemberQuarter DM
Beg Inv DM$ -$ -$ -$ - Add: Purchases--321321 Mat.
Avail--321$ 321 Deduct: end Inv DM--321321DM Used ----
DL----VMOH---227Total MFG Cost----Add: Beg WIP inv----
Subtotal----Deduct: End WIP----0Units EICost of Goods manf.$
-$ -$ -$ -$ -
0Cost/unitERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!$
- 0EI Dec 31VCOGSOctober NovemberDecemberQuarter
VCOGM$ -$ -$ -$ -Add Beg Inv finished goods-
ERROR:#DIV/0!ERROR:#DIV/0!-GAS-
ERROR:#DIV/0!ERROR:#DIV/0!-Deduct Ending FG
InvERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!ERROR:#
DIV/0!V Cost of Goods
SoldERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!ERROR:
#DIV/0!
Proforma ISIncome StatementFor the 3 months ending
December 31Sales$0.00 Less Variable Costs of goods soldV
S&A (Delivery)Total Variable CostsContribution margin Less
Fixed CostsFMOHFS&ATotal Fixed CostsOperating
IncomeInterest expenseNet Income
Ending Balance SheetBalance Sheet31-DecAssetsLiabilities &

13. OECashARInvDMFGVanAccm DepTotal Assets$ -
0ORAssetsLiabilities & OECash$ -0$ -AR-Loan
payable0InvDM-FG-Van-02,146Accm Dep-Profit(loss)$ -Total
Assets$ -0$ 2,146
QuestionsfiguresSourceCost_Volume_Profit AnalysisInput your
M number in the Name &Mnumber spreadsheet and use the
figures& the behavior of costsPrice per trayF$11.83$11.83Over
the past six months Angiehas incurred the following costs and
made the sales revenuesrelated to her empanada
business0.240.330.29100$ 130.00$
760.00EmpanadaLaborEmpanadaLaborSalesIngredientsCostsTra
ysRentUtilitiesDeliverySalesIngredientsCostsTraysRentUtilities
DeliveryQprofitAPRIL$ 3,549.00$ 851.76$ 1,171.17$
87.00$ 1,100.00$ 130.00$ 760.00APRIL$ 3,549.00$
851.76$ 1,171.17$ 87.00$ 1,100.00$ 130.00$ 760.00300$
(550.93)300MAY$ 4,140.50$ 993.72$ 1,366.36$ 101.50$
1,100.00$ 134.00$ 820.00MAY$ 4,140.50$ 993.72$
1,366.36$ 101.50$ 1,100.00$ 134.00$ 820.00350$
(375.09)350JUNE$ 5,323.50$ 1,277.64$ 1,756.75$
130.50$ 1,100.00$ 142.00$ 940.00JUNE$ 5,323.50$
1,277.64$ 1,756.75$ 130.50$ 1,100.00$ 142.00$
940.00450$ (23.40)450JULY$ 5,915.00$ 1,419.60$
1,951.95$ 145.00$ 1,100.00$ 146.00$ 1,000.00JULY$
5,915.00$ 1,419.60$ 1,951.95$ 145.00$ 1,100.00$
146.00$ 1,000.00500$ 152.45500AUGUST$ 7,689.50$
1,845.48$ 2,537.53$ 188.50$ 1,100.00$ 158.00$
1,180.00AUGUST$ 7,689.50$ 1,845.48$ 2,537.53$
188.50$ 1,100.00$ 158.00$ 1,180.00650$
679.98650SEPTEMBER$ 13,013.00$ 3,123.12$ 4,294.29$
319.00$ 1,100.00$ 194.00$ 1,720.00SEPTEMBER$
13,013.00$ 3,123.12$ 4,294.29$ 319.00$ 1,100.00$
194.00$ 1,720.001100$ 2,262.591100Answer the following
questions:Using formulas and links Do not type in answers$
2.84$ 3.90$ 0.29$ 1,100.00$ 0.38$ 2.34$ 2.84$ 3.90$
0.29$ 1,100.00$ 0.32$ 2.09Month Angie first earns a
profit?$ 2.84$ 3.90$ 0.29$ 1,100.00$ 0.29$ 2.00Which

14. months does Angie have a loss?$ 2.84$ 3.90$ 0.29$
1,100.00$ 0.24$ 1.82$ 2.84$ 3.90$ 0.29$ 1,100.00$
0.18$ 1.56Which items are:TVCuTFCMCmu/%Beq/$Variable
cost items?VCu$ 0.08$ 1.20$ 8.31$3.52457Mixed Cost
items?FC106400$ 1,606.0029.73%$ 5,402.20Fixed Cost
item?Contribution Margin per tray?Contribution Margin
percentage?CVP formula per monthBreak even QuantityBreak
even
SalesEmpanadaLaborSalesIngredientsCostsTraysRentUtilitiesDe
liveryQSales for target profit of $4,000 mo$ 4,000.00$
1,000.00$ 1,200.00$ 100.00$ 1,000.00$ 140.00$
600.00338.12341504655,000.001,250.001,500.00125.001,000.0
0150.00700.00422.6542688081Taxes Income
30%3,000.00750.00900.0075.001,000.00130.00500.00253.5925
6128492,500.00625.00750.0062.501,000.00125.00450.00211.32
71344041Break even
Quantity4,500.001,125.001,350.00112.501,000.00145.00650.00
380.388841927310,000.002,500.003,000.00250.001,000.00200.
001,200.00845.3085376162Sales for target profit of $4,000
moPlease provide a detailed Variable-Costing Income Statement
for the six month period from April through September$ 2.84$
3.90$ 0.29$ 1,100.00$ 0.43$ 2.53$ 2.84$ 3.90$ 0.29$
1,100.00$ 0.38$ 2.34$ 2.84$ 3.90$ 0.29$ 1,100.00$
0.32$ 2.09$ 2.84$ 3.90$ 0.29$ 1,100.00$ 0.29$ 2.00$
2.84$ 3.90$ 0.29$ 1,100.00$ 0.24$
1.82Vcu0.081.2FC106.00400$11.83Price100%457BEq$
1,606.008.31Vcu70%$3.52Cmu30%$ 5,402.20BE$What
questions would you need to have answered to determine if
Angie can reach her goal in the next six months?
Name & IDnumberIDName:LastFirst12345678900
Questionsfigures Cost_Volume_Profit AnalysisInput your M
number in the Name &Mnumber spreadsheet and use the
figures& the behavior of costsPrice per trayF$11.50$11.50Over
the past six months Angiehas incurred the following costs and
made the sales revenuesrelated to her empanada

15. business0.200.350.30$ 112.00$
700.00EmpanadaLaborTotalEmpanadaLaborSalesIngredientsCos
tsTraysRentUtilitiesDeliveryQuantityProfitCostSalesIngredients
CostsTraysRentUtilitiesDeliveryQprofitAPRIL$ 3,450.00$
690.00$ 1,207.50$ 90.00$ 1,000.00$ 112.00$ 700.00300$
(349.50)$ 3,799.50APRIL$ 3,450.00$ 690.00$ 1,207.50$
90.00$ 1,000.00$ 112.00$ 700.00300$ (349.50)300MAY$
4,025.00$ 805.00$ 1,408.75$ 105.00$ 1,000.00$ 114.00$
750.00350$ (157.75)$ 4,182.75MAY$ 4,025.00$ 805.00$
1,408.75$ 105.00$ 1,000.00$ 114.00$ 750.00350$
(157.75)350JUNE$ 5,175.00$ 1,035.00$ 1,811.25$
135.00$ 1,000.00$ 118.00$ 850.00450$ 225.75$
4,949.25JUNE$ 5,175.00$ 1,035.00$ 1,811.25$ 135.00$
1,000.00$ 118.00$ 850.00450$ 225.75450JULY$
5,750.00$ 1,150.00$ 2,012.50$ 150.00$ 1,000.00$
120.00$ 900.00500$ 417.50$ 5,332.50JULY$ 5,750.00$
1,150.00$ 2,012.50$ 150.00$ 1,000.00$ 120.00$
900.00500$ 417.50500AUGUST$ 7,475.00$ 1,495.00$
2,616.25$ 195.00$ 1,000.00$ 126.00$ 1,050.00650$
992.75$ 6,482.25AUGUST$ 7,475.00$ 1,495.00$
2,616.25$ 195.00$ 1,000.00$ 126.00$ 1,050.00650$
992.75650SEPTEMBER$ 12,650.00$ 2,530.00$ 4,427.50$
330.00$ 1,000.00$ 144.00$ 1,500.001,100$ 2,718.50$
9,931.50SEPTEMBER$ 12,650.00$ 2,530.00$ 4,427.50$
330.00$ 1,000.00$ 144.00$ 1,500.001100$
2,718.501100Total$ 38,525.00$ 7,705.00$ 13,483.75$
1,005.00$ 6,000.00$ 734.00$ 5,750.003,350$ 3,847.25$
34,677.75Variable cost per unit$ 2.30$ 4.02$ 0.30$ - 0$
0.04$ 1.00$ 7.66Fixed cost per month$ 0.00$ - 0$ - 0$
1,000.00$ 100.00$ 400.00$ 1,500Answer the following
questions:Using formulas and links Do not type in answers$
2.30$ 4.03$ 0.30$ 1,000.00$ 0.33$ 2.14$ 2.30$ 4.02$
0.30$ 1,000.00$ 0.26$ 1.89Month Angie first earns a
profit?$ 2.30$ 4.02$ 0.30$ 1,000.00$ 0.24$ 1.80Which
months does Angie have a loss?$ 2.30$ 4.03$ 0.30$
1,000.00$ 0.19$ 1.62$ 2.30$ 4.03$ 0.30$ 1,000.00$

16. 0.13$ 1.36Which items are:Variable cost
items?IngredientsLaborTraysVCu$ 0.04$ 1.00Mixed Cost
items?UtilitiesDeliveryFC100400Fixed Cost
item?RentContribution Margin per tray?$3.84Contribution
Margin percentage?33.35%Angie's CVP formula per
monthProfit =$11.50Q -$ 7.66Q -$ 1,500Break even
Quantity391Break even Sales$
4,498.04EmpanadaLaborSalesIngredientsCostsTraysRentUtilitie
sDeliveryQSales for target profit of $4,000 mo1,434.16units$
16,492.83$ 4,000.00$ 1,000.00$ 1,200.00$ 100.00$
1,000.00$ 140.00$ 600.00347.8260869565$
4,0005,000.001,250.001,500.00125.001,000.00150.00700.00434
.7826086957Taxes Income
30%3,000.00750.00900.0075.001,000.00130.00500.00260.8695
6521742,500.00625.00750.0062.501,000.00125.00450.00217.39
13043478Break even
Quantity3914,500.001,125.001,350.00112.501,000.00145.00650
.00391.304347826110,000.002,500.003,000.00250.001,000.002
00.001,200.00869.5652173913Sales for target profit of $4,000
mo1,881.17units$ 21,633.45$ 5,714.29Please provide, in
good form, an itemized Variable-Costing Income Statement for
the six month period from April through September$ 2.30$
4.03$ 0.30$ 1,000.00$ 0.37$ 2.33(Do not show 6 income
statements)$ 2.30$ 4.03$ 0.30$ 1,000.00$ 0.33$ 2.14$
2.30$ 4.02$ 0.30$ 1,000.00$ 0.26$ 1.89Sales$
38,525.00$ 2.30$ 4.02$ 0.30$ 1,000.00$ 0.24$
1.80Minus Variable Costs$ 2.30$ 4.03$ 0.30$ 1,000.00$
0.19$ 1.62Ingredients$
7,705.00Labor13,483.75Trays1,005.00Vcu0.041Utilities134.00F
C100.00400Delivery3,350.00Total variable
costs25,677.75Contribution Margin12,847.25Minus Fixed
CostsRent6,000.00$11.50Price100%391BEqUtilities600.00$
1,500.007.67Vcu67%Delivery2,400.00$3.84Cmu33%$
4,498.04BE$Total Fixed Costs9,000.00Operating Income$
3,847.25What questions would you need to have answered to
determine if Angie can reach her goal in the next six months?

17. InputsAssumptions 4th
QuarterPriceSales$11.50QuantityOctober
1,554November1,772December2,214January2,214February2,214
InputsDirect Materials AssumptionsCash Flow
AssumptionsBeginning InventorySalesCash
collectionsIngrediants0Cash35%Trays0Credit65%following
monthDesired ending
InventoryUncollectable0Ingrediants5%Trays50%Current cash
balance September 30.$ 7,864.75Account Receivable$
8,222.50Standard Costs (last 6 mos)per trayCash
DisbursementsIngrediants$ 2.30Ingrediants100%following
monthTrays$ 0.30Trays100%following monthLine of credit
and desired cash balanceDirect Labor AssumptionsLine of
credit$ 20,000Standard Costs (last 6 mos)per trayDesired Cash
balance$ 10,000$ 4.02Interest rate/year6%Borrowing
Increment$ 1,000Overhead assumptions and ratesAccounts
PayableRatesper trayIngrediants$ 2,530.00Utilities$
0.04Trays$ 330.00Other accounts paid in the monthper
monthUtilities$ 100Rent$ 1,150Finished Goods
InventoryQuanitityBeginning0.00%0Selling & Administrative
CostsEnding6.00%Ratesper trayDelivery$ 1.30per
monthDelivery$ 400Included in monthly delivery
costsAdvertising$ 500Fixed Delivery Vehicle
DepreciationDonated Van (April 1)$ 9,400years life3Salvage
value$ 1,120Accumulated depreciation$ 1,380Value of
invested capitalCash$ 8,000Van$ 9,400
Beginning Balance SheetBalance Sheet30-SepAssetsLiabilities
& OECash$ 7,865AP$ 2,860.00AR8,223Loan
PayableInventoryMaterialsFG-Van9,400Invested
capital17,400Accm Dep(1,380)Profit(loss)3,847Total Assets$
24,107.25Total L & OE$ 24,107.25
Sales & Cash CollectionsSales BudgetOctober
NovemberDecemberTotalQuantityRevenueCash Inflows October
NovemberDecemberfrom Sept.October October
NovemberNovemberDecemberTotalsAR End
Production BudgetProduction BudgetOctober

18. NovemberDecemberJanuaryQuarterSales BudgetedDesired
Ending Inv6%+Total needsLess BI-Required Production
Materials budgetDirect Materials BudgetInputsOctober
NovemberDecemberQuarterJanuaryRequired Production
UnitsRaw Material pertray inputsxProduction needsDesired
ending InvIngrediants+Total needsLess BI-Ingrediants to
PurchaseCost for ingrediantsTraysOctober
NovemberDecemberQuarterJanuaryRequired Production
Units00002,214Material perTrayx11111Production
needs/lbs00002,214Desired ending InvTrays+001,1071,107Total
needs001,1071,107Less BI Trays-00013,000Trays to
purchasePurchase001,1071,107Cost for trays$ -$ -$ 332$
332
Cash Disbursements MaterialsCash Disbursements
MaterialsOctober NovemberDecemberQuarterAP
BeginningOctober 100.0%November100.0%DecemberTotal
Cash out MaterialsAP ending
Direct Labor BudgetDirect Labor BudgetOctober
NovemberDecemberQuarterUnit to be produced0000DL Cost
per trayx$ 4.02$ 4.02$ 4.02$ 4.02Total DL Cost$ -$ -$
-$ -
MOHManufacturing OverheadOctober
NovemberDecemberQuarterBudgeted Trays0000VMOH Ratex$
0.04$ 0.04$ 0.04$ 0.04VMOH$ -$ -$ -$ -
FMOH+1,2501,2501,2503,750Total
MOH1,2501,2501,2503,750Less Depreciation-Cash
Disbursements for MOH$ 1,250$ 1,250$ 1,250$ 3,750
S & A ExpenseS & A ExpenseOctober
NovemberDecemberQuarterBudgeted Sales/ Units0000V S&A
per unitx$ 1.30$ 1.30$ 1.30$ 1.30V S&A Expense$ -$ -
$ -$ -Fixed S&A Expense+9009009002,700Total
S&A9009009002,700Depreciation-230230230690Cash Out
S&A$ 670$ 670$ 670$ 2,010
Cash BudgetCash BudgetOctober
NovemberDecemberQuarterLoan BalanceCash Balance
BeginningAddCash CollectionsTotal Available CashLess

19. DisbursementsDMDLMOHS&AEquipment
PurchasesDividendsTotal DisbursementsAvaiable minus
DisbursDesired cash balanceExcess(deficiency) ofCash
available111BorrowingRepayments$ 45.00Cash Balance,
ending
COGM&COGSVCOGMOctober NovemberDecemberQuarter DM
Beg Inv DM$ -$ -$ -$ - Add: Purchases--332332 Mat.
Avail--332$ 332 Deduct: end Inv DM--332332DM Used ----
DL----VMOH---227Total MFG Cost----Add: Beg WIP inv----
Subtotal----Deduct: End WIP----0Units EICost of Goods manf.$
-$ -$ -$ -$ -
0Cost/unitERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!$
- 0EI Dec 31VCOGSOctober NovemberDecemberQuarter
VCOGM$ -$ -$ -$ -Add Beg Inv finished goods-
ERROR:#DIV/0!ERROR:#DIV/0!-GAS-
ERROR:#DIV/0!ERROR:#DIV/0!-Deduct Ending FG
InvERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!ERROR:#
DIV/0!V Cost of Goods
SoldERROR:#DIV/0!ERROR:#DIV/0!ERROR:#DIV/0!ERROR:
#DIV/0!
Proforma ISIncome StatementFor the 3 months ending
December 31Sales$0.00 Less Variable Costs of goods soldV
S&A (Delivery)Total Variable CostsContribution margin Less
Fixed CostsFMOHFS&ATotal Fixed CostsOperating
IncomeInterest expenseNet Income
Ending Balance SheetBalance Sheet31-DecAssetsLiabilities &
OECashARInvDMFGVanAccm DepTotal Assets$ -
0ORAssetsLiabilities & OECash$ -0$ -AR-Loan
payable0InvDM-FG-Van-03,847Accm Dep-Profit(loss)$ -Total
Assets$ -0$ 3,847
QuestionsfiguresSourceCost_Volume_Profit AnalysisInput your
M number in the Name &Mnumber spreadsheet and use the
figures& the behavior of costsPrice per trayF$11.50$11.50Over
the past six months Angiehas incurred the following costs and
made the sales revenuesrelated to her empanada
business0.200.350.30$ 112.00$

20. 700.00EmpanadaLaborEmpanadaLaborSalesIngredientsCostsTra
ysRentUtilitiesDeliverySalesIngredientsCostsTraysRentUtilities
DeliveryQprofitAPRIL$ 3,450.00$ 690.00$ 1,207.50$
90.00$ 1,000.00$ 112.00$ 700.00APRIL$ 3,450.00$
690.00$ 1,207.50$ 90.00$ 1,000.00$ 112.00$ 700.00300$
(349.50)300MAY$ 4,025.00$ 805.00$ 1,408.75$ 105.00$
1,000.00$ 114.00$ 750.00MAY$ 4,025.00$ 805.00$
1,408.75$ 105.00$ 1,000.00$ 114.00$ 750.00350$
(157.75)350JUNE$ 5,175.00$ 1,035.00$ 1,811.25$
135.00$ 1,000.00$ 118.00$ 850.00JUNE$ 5,175.00$
1,035.00$ 1,811.25$ 135.00$ 1,000.00$ 118.00$
850.00450$ 225.75450JULY$ 5,750.00$ 1,150.00$
2,012.50$ 150.00$ 1,000.00$ 120.00$ 900.00JULY$
5,750.00$ 1,150.00$ 2,012.50$ 150.00$ 1,000.00$
120.00$ 900.00500$ 417.50500AUGUST$ 7,475.00$
1,495.00$ 2,616.25$ 195.00$ 1,000.00$ 126.00$
1,050.00AUGUST$ 7,475.00$ 1,495.00$ 2,616.25$
195.00$ 1,000.00$ 126.00$ 1,050.00650$
992.75650SEPTEMBER$ 12,650.00$ 2,530.00$ 4,427.50$
330.00$ 1,000.00$ 144.00$ 1,500.00SEPTEMBER$
12,650.00$ 2,530.00$ 4,427.50$ 330.00$ 1,000.00$
144.00$ 1,500.001100$ 2,718.501100Answer the following
questions:Using formulas and links Do not type in answers$
2.30$ 4.03$ 0.30$ 1,000.00$ 0.33$ 2.14$ 2.30$ 4.02$
0.30$ 1,000.00$ 0.26$ 1.89Month Angie first earns a
profit?$ 2.30$ 4.02$ 0.30$ 1,000.00$ 0.24$ 1.80Which
months does Angie have a loss?$ 2.30$ 4.03$ 0.30$
1,000.00$ 0.19$ 1.62$ 2.30$ 4.03$ 0.30$ 1,000.00$
0.13$ 1.36Which items are:TVCuTFCMCmu/%Beq/$Variable
cost items?VCu$ 0.04$ 1.00$ 7.67$3.84391Mixed Cost
items?FC100400$ 1,500.0033.35%$ 4,498.04Fixed Cost
item?Contribution Margin per tray?Contribution Margin
percentage?CVP formula per monthBreak even QuantityBreak
even
SalesEmpanadaLaborSalesIngredientsCostsTraysRentUtilitiesDe
liveryQSales for target profit of $4,000 mo$ 4,000.00$

21. 1,000.00$ 1,200.00$ 100.00$ 1,000.00$ 140.00$
600.00347.82608695655,000.001,250.001,500.00125.001,000.0
0150.00700.00434.7826086957Taxes Income
30%3,000.00750.00900.0075.001,000.00130.00500.00260.8695
6521742,500.00625.00750.0062.501,000.00125.00450.00217.39
13043478Break even
Quantity4,500.001,125.001,350.00112.501,000.00145.00650.00
391.304347826110,000.002,500.003,000.00250.001,000.00200.
001,200.00869.5652173913Sales for target profit of $4,000
moPlease provide a detailed Variable-Costing Income Statement
for the six month period from April through September$ 2.30$
4.03$ 0.30$ 1,000.00$ 0.37$ 2.33$ 2.30$ 4.03$ 0.30$
1,000.00$ 0.33$ 2.14$ 2.30$ 4.02$ 0.30$ 1,000.00$
0.26$ 1.89$ 2.30$ 4.02$ 0.30$ 1,000.00$ 0.24$ 1.80$
2.30$ 4.03$ 0.30$ 1,000.00$ 0.19$
1.62Vcu0.041FC100.00400$11.50Price100%391BEq$
1,500.007.67Vcu67%$3.84Cmu33%$ 4,498.04BE$What
questions would you need to have answered to determine if
Angie can reach her goal in the next six months?
Name &
IDnumberIDName:LastFirst123456789GedjeyanStephanie00005
6651234
Questionsfigures Cost_Volume_Profit AnalysisInput your M
number in the Name &Mnumber spreadsheet and use the
figures& the behavior of costsPrice per trayF$11.77$11.77Over
the past six months Angiehas incurred the following costs and
made the sales revenuesrelated to her empanada
business0.260.340.3-100$ 135.00$
694.00EmpanadaLaborTotalEmpanadaLaborSalesIngredientsCos
tsTraysRentUtilitiesDeliveryQuantityProfitCostSalesIngredients
CostsTraysRentUtilitiesDeliveryQprofitAPRIL$ 3,531.00$
918.06$ 1,200.54$ 90.00$ 900.00$ 135.00$ 694.00300$
(406.60)$ 3,937.60APRIL$ 3,531.00$ 918.06$ 1,200.54$
90.00$ 900.00$ 135.00$ 694.00300$ (406.60)300MAY$
4,119.50$ 1,071.07$ 1,400.63$ 105.00$ 900.00$ 140.00$

22. 744.00350$ (241.20)$ 4,360.70MAY$ 4,119.50$ 1,071.07$
1,400.63$ 105.00$ 900.00$ 140.00$ 744.00350$
(241.20)350JUNE$ 5,296.50$ 1,377.09$ 1,800.81$
135.00$ 900.00$ 150.00$ 844.00450$ 89.60$
5,206.90JUNE$ 5,296.50$ 1,377.09$ 1,800.81$ 135.00$
900.00$ 150.00$ 844.00450$ 89.60450JULY$ 5,885.00$
1,530.10$ 2,000.90$ 150.00$ 900.00$ 155.00$
894.00500$ 255.00$ 5,630.00JULY$ 5,885.00$ 1,530.10$
2,000.90$ 150.00$ 900.00$ 155.00$ 894.00500$
255.00500AUGUST$ 7,650.50$ 1,989.13$ 2,601.17$
195.00$ 900.00$ 170.00$ 1,044.00650$ 751.20$
6,899.30AUGUST$ 7,650.50$ 1,989.13$ 2,601.17$
195.00$ 900.00$ 170.00$ 1,044.00650$
751.20650SEPTEMBER$ 12,947.00$ 3,366.22$ 4,401.98$
330.00$ 900.00$ 215.00$ 1,494.001,100$ 2,239.80$
10,707.20SEPTEMBER$ 12,947.00$ 3,366.22$ 4,401.98$
330.00$ 900.00$ 215.00$ 1,494.001100$
2,239.801100Total$ 39,429.50$ 10,251.67$ 13,406.03$
1,005.00$ 5,400.00$ 965.00$ 5,714.003,350$ 2,687.80$
36,741.70Variable cost per unit$ 3.06$ 4.00$ 0.30$ - 0$
0.10$ 1.00$ 8.46Fixed cost per month$ (0.00)$ - 0$ - 0$
900.00$ 105.00$ 394.00$ 1,399Answer the following
questions:Using formulas and links Do not type in answers$
3.06$ 4.00$ 0.30$ 900.00$ 0.40$ 2.13$ 3.06$ 4.00$
0.30$ 900.00$ 0.33$ 1.88Month Angie first earns a profit?$
3.06$ 4.00$ 0.30$ 900.00$ 0.31$ 1.79Which months does
Angie have a loss?$ 3.06$ 4.00$ 0.30$ 900.00$ 0.26$
1.61$ 3.06$ 4.00$ 0.30$ 900.00$ 0.20$ 1.36Which
items are:Variable cost items?IngredientsLaborTraysVCu$
0.10$ 1.00Mixed Cost items?UtilitiesDeliveryFC105394Fixed
Cost item?RentContribution Margin per tray?$3.31Contribution
Margin percentage?28.11%Angie's CVP formula per
monthProfit =$11.77Q -$ 8.46Q -$ 1,399Break even
Quantity423Break even Sales$
4,977.70EmpanadaLaborSalesIngredientsCostsTraysRentUtilitie
sDeliveryQSales for target profit of $4,000 mo1,632.10units$

23. 19,209.86$ 4,000.00$ 1,000.00$ 1,200.00$ 100.00$
1,000.00$ 140.00$ 600.00339.847068819$
4,0005,000.001,250.001,500.00125.001,000.00150.00700.00424
.8088360238Taxes Income
30%3,000.00750.00900.0075.001,000.00130.00500.00254.8853
0161432,500.00625.00750.0062.501,000.00125.00450.00212.40
44180119Break even
Quantity4234,500.001,125.001,350.00112.501,000.00145.00650
.00382.327952421410,000.002,500.003,000.00250.001,000.002
00.001,200.00849.6176720476Sales for target profit of $4,000
mo2,150.33units$ 25,309.36$ 5,714.29Please provide, in
good form, an itemized Variable-Costing Income Statement for
the six month period from April through September$ 3.06$
4.00$ 0.30$ 900.00$ 0.45$ 2.31(Do not show 6 income
statements)$ 3.06$ 4.00$ 0.30$ 900.00$ 0.40$ 2.13$
3.06$ 4.00$ 0.30$ 900.00$ 0.33$ 1.88Sales$ 39,429.50$
3.06$ 4.00$ 0.30$ 900.00$ 0.31$ 1.79Minus Variable
Costs$ 3.06$ 4.00$ 0.30$ 900.00$ 0.26$
1.61Ingredients$
10,251.67Labor13,406.03Trays1,005.00Vcu0.11Utilities335.00F
C105.00394Delivery3,350.00Total variable
costs28,347.70Contribution Margin11,081.80Minus Fixed
CostsRent5,400.00$11.77Price100%423BEqUtilities630.00$
1,399.008.46Vcu72%Delivery2,364.00$3.31Cmu28%$
4,977.70BE$Total Fixed Costs8,394.00Operating Income$
2,687.80What questions would you need to have answered to
determine if Angie can reach her goal in the next six months?
InputsAssumptions 4th
QuarterPriceSales$11.77QuantityOctober
1,554November1,772December2,214January2,214February2,214
InputsDirect Materials AssumptionsCash Flow
AssumptionsBeginning InventorySalesCash
collectionsIngrediants0Cash35%Trays0Credit65%following
monthDesired ending
InventoryUncollectable0Ingrediants5%Trays50%Current cash
balance September 30.$ 7,348.47Account Receivable$

24. 8,415.55Standard Costs (last 6 mos)per trayCash
DisbursementsIngrediants$ 3.06Ingrediants100%following
monthTrays$ 0.30Trays100%following monthLine of credit
and desired cash balanceDirect Labor AssumptionsLine of
credit$ 20,000Standard Costs (last 6 mos)per trayDesired Cash
balance$ 10,000$ 4.00Interest rate/year6%Borrowing
Increment$ 1,000Overhead assumptions and ratesAccounts
PayableRatesper trayIngrediants$ 3,366.22Utilities$
0.10Trays$ 330.00Other accounts paid in the monthper
monthUtilities$ 105Rent$ 1,035Finished Goods
InventoryQuanitityBeginning0.00%0Selling & Administrative
CostsEnding6.00%Ratesper trayDelivery$ 1.30per
monthDelivery$ 394Included in monthly delivery
costsAdvertising$ 500Fixed Delivery Vehicle
DepreciationDonated Van (April 1)$ 9,400years life3Salvage
value$ 1,120Accumulated depreciation$ 1,380Value of
invested capitalCash$ 8,000Van$ 9,400
Beginning Balance SheetBalance Sheet30-SepAssetsLiabilities
& OECash$ 7,348AP$ 3,696.22AR8,416Loan
PayableInventoryMaterialsFG-Van9,400Invested
capital17,400Accm Dep(1,380)Profit(loss)2,688Total Assets$
23,784.02Total L & OE$ 23,784.02
Sales & Cash CollectionsSales BudgetOctober
NovemberDecemberTotalJanuaryQuantity1,5541,7722,2145,540
2214.45$11.77$11.77$11.77$11.77$11.77Revenue$18,290.58$2
0,851.26$26,064.08$65,205.92$26,064.08Cash Inflows October
NovemberDecemberOct-Dec totalsfrom
Sept.$8,415.55$8,415.55October 35%$
6,401.70$18,290.58October
65%$11,888.88November$7,297.94November$13,553.32Decem
ber$9,122.43$ 16,941.65$ 26,064.08Totals$ 14,817.25$
19,186.82$ 22,675.75$ 16,941.65$ 73,621.47AR End$
16,941.65AR is the credit sales in decemeber (amount *65%)
Production BudgetProduction BudgetOctober
NovemberDecemberJanuaryQuarterSales
Budgeted1,5541,7722,2142,2147,754Desired Ending

25. Inv6%+106133133465837Total
needs1,6601,9042,3472,6808,592Less BI-01061331330Required
Production1,6601,7982,2142,5478,592
Materials budgetDirect Materials BudgetInputsOctober
NovemberDecemberQuarterJanuaryRequired Production
Units1,6601,7982,2148,5922,547Raw Material pertray
inputsxProduction needsDesired ending InvIngrediants+Total
needsLess BI-Ingrediants to PurchaseCost for
ingrediants3.063.063.063.06TraysOctober
NovemberDecemberQuarterJanuaryRequired Production
Units1,6601,7982,2145,6732,214Material
perTrayx11111Production
needs/lbs1,6601,7982,2145,6732,214Desired ending
InvTrays+8991,1071,1071,107Total
needs2,5592,9053,3228,786Less BI Trays-
08991,10713,000Trays to
purchasePurchase2,5592,0062,2146,780Cost for trays$ 768$
602$ 664$ 2,034
Cash Disbursements MaterialsCash Disbursements
MaterialsOctober NovemberDecemberQuarterAP
BeginningOctober 100.0%November100.0%DecemberTotal
Cash out MaterialsAP ending
Direct Labor BudgetDirect Labor BudgetOctober
NovemberDecemberQuarterUnit to be
produced1,6601,7982,2145,673DL Cost per trayx$ 4.00$
4.00$ 4.00$ 4.00Total DL Cost$ 6,644$ 7,196$ 8,862$
22,702
MOHManufacturing OverheadOctober
NovemberDecemberQuarterBudgeted
Trays1,6601,7982,2145,673VMOH Ratex$ 0.10$ 0.10$
0.10$ 0.10VMOH$ 166$ 180$ 221$
567FMOH+1,1401,1401,1403,420Total
MOH1,3061,3201,3613,987Less Depreciation-----Cash
Disbursements for MOH$ 1,306$ 1,320$ 1,361$ 3,987
S & A ExpenseS & A ExpenseOctober
NovemberDecemberQuarterBudgeted Sales/

26. Units1,5541,7722,2145,540V S&A per unitx$ 1.30$ 1.30$
1.30$ 1.30V S&A Expense$ 2,020$ 2,303$ 2,879$
7,202Fixed S&A Expense+8948948942,682Total
S&A2,9143,1973,7739,884Depreciation-230230230690Cash Out
S&A$ 2,684$ 2,967$ 3,543$ 9,194
Cash BudgetCash BudgetOctober
NovemberDecemberQuarterLoan BalanceCash Balance
Beginningbalance sheetAddCash Collectionssales and cash
collectionsTotal Available CashLess
DisbursementsDMDLMOHS&AEquipment Purchases-----
Dividends-----Total DisbursementsAvaiable minus
Disbursdifference between cash and disbursementsDesired cash
balance$ 10,000$ 10,000$ 10,000$
10,000Excess(deficiency) ofCash
available111BorrowingRepayments$ 45.00Cash Balance,
endingavailable minus disumbursement + 20001/2 % per monthh
interest
COGM&COGSVCOGMOctober NovemberDecemberQuarter DM
Beg Inv DM$ -$ 270$ 332$ - Add:
Purchases7716056672,043 Mat. Avail7718751,000$ 2,043
Deduct: end Inv DM270332332332DM Used
5015436671,711DL6,6447,1968,86222,702VMOH16618022122
7Total MFG Cost7,3117,9189,75124,980Add: Beg WIP inv----
Subtotal7,3117,9189,75124,980Deduct: End WIP----465Units
EICost of Goods manf.$ 7,311$ 7,918$ 9,751$ 24,980$
4.40Cost/unit$ 4.40$ 4.40$ 4.40$ 2,048.77EI Dec
31VCOGSOctober NovemberDecemberQuarter VCOGM$
7,311$ 7,918$ 9,751$ 24,980Add Beg Inv finished goods-
468585-GAS7,3118,38610,33624,980Deduct Ending FG
Inv468585585585V Cost of Goods Sold$ 6,843$ 7,801$
9,751$ 24,395quarterly in materials budget add cost for
ingredients + cost of trayspurchasesquarter ingredients *price
per tray inventory# of trays *cost per tray
Proforma ISIncome StatementFor the 3 months ending
December 31Sales$11.77 Less Variable Costs of goods soldon
cogm & cogsV S&A (Delivery)Total Variable

27. CostsContribution margin Less Fixed CostsFMOHoh
budgetFS&Aoh budgetTotal Fixed CostsOperating
IncomeInterest expenseNet Income
Ending Balance SheetBalance Sheet31-DecAssetsLiabilities &
OECashARInvDMFGVanAccm DepTotal Assets$ -
0ORAssetsLiabilities & OECash$ -0$ -AR-Loan
payable0InvDM-FG-Van-02,688Accm Dep-Profit(loss)$ -Total
Assets$ -0$ 2,688
QuestionsfiguresSourceCost_Volume_Profit AnalysisInput your
M number in the Name &Mnumber spreadsheet and use the
figures& the behavior of costsPrice per trayF$11.77$11.77Over
the past six months Angiehas incurred the following costs and
made the sales revenuesrelated to her empanada
business0.260.340.3-100$ 135.00$
694.00EmpanadaLaborEmpanadaLaborSalesIngredientsCostsTra
ysRentUtilitiesDeliverySalesIngredientsCostsTraysRentUtilities
DeliveryQprofitAPRIL$ 3,531.00$ 918.06$ 1,200.54$
90.00$ 900.00$ 135.00$ 694.00APRIL$ 3,531.00$
918.06$ 1,200.54$ 90.00$ 900.00$ 135.00$ 694.00300$
(406.60)300MAY$ 4,119.50$ 1,071.07$ 1,400.63$ 105.00$
900.00$ 140.00$ 744.00MAY$ 4,119.50$ 1,071.07$
1,400.63$ 105.00$ 900.00$ 140.00$ 744.00350$
(241.20)350JUNE$ 5,296.50$ 1,377.09$ 1,800.81$
135.00$ 900.00$ 150.00$ 844.00JUNE$ 5,296.50$
1,377.09$ 1,800.81$ 135.00$ 900.00$ 150.00$
844.00450$ 89.60450JULY$ 5,885.00$ 1,530.10$
2,000.90$ 150.00$ 900.00$ 155.00$ 894.00JULY$
5,885.00$ 1,530.10$ 2,000.90$ 150.00$ 900.00$ 155.00$
894.00500$ 255.00500AUGUST$ 7,650.50$ 1,989.13$
2,601.17$ 195.00$ 900.00$ 170.00$ 1,044.00AUGUST$
7,650.50$ 1,989.13$ 2,601.17$ 195.00$ 900.00$ 170.00$
1,044.00650$ 751.20650SEPTEMBER$ 12,947.00$
3,366.22$ 4,401.98$ 330.00$ 900.00$ 215.00$
1,494.00SEPTEMBER$ 12,947.00$ 3,366.22$ 4,401.98$
330.00$ 900.00$ 215.00$ 1,494.001100$
2,239.801100Answer the following questions:Using formulas

28. and links Do not type in answers$ 3.06$ 4.00$ 0.30$
900.00$ 0.40$ 2.13$ 3.06$ 4.00$ 0.30$ 900.00$ 0.33$
1.88Month Angie first earns a profit?$ 3.06$ 4.00$ 0.30$
900.00$ 0.31$ 1.79Which months does Angie have a loss?$
3.06$ 4.00$ 0.30$ 900.00$ 0.26$ 1.61$ 3.06$ 4.00$
0.30$ 900.00$ 0.20$ 1.36Which items
are:TVCuTFCMCmu/%Beq/$Variable cost items?VCu$ 0.10$
1.00$ 8.46$3.31423Mixed Cost items?FC105394$
1,399.0028.11%$ 4,977.70Fixed Cost item?Contribution
Margin per tray?Contribution Margin percentage?CVP formula
per monthBreak even QuantityBreak even
SalesEmpanadaLaborSalesIngredientsCostsTraysRentUtilitiesDe
liveryQSales for target profit of $4,000 mo$ 4,000.00$
1,000.00$ 1,200.00$ 100.00$ 1,000.00$ 140.00$
600.00339.8470688195,000.001,250.001,500.00125.001,000.00
150.00700.00424.8088360238Taxes Income
30%3,000.00750.00900.0075.001,000.00130.00500.00254.8853
0161432,500.00625.00750.0062.501,000.00125.00450.00212.40
44180119Break even
Quantity4,500.001,125.001,350.00112.501,000.00145.00650.00
382.327952421410,000.002,500.003,000.00250.001,000.00200.
001,200.00849.6176720476Sales for target profit of $4,000
moPlease provide a detailed Variable-Costing Income Statement
for the six month period from April through September$ 3.06$
4.00$ 0.30$ 900.00$ 0.45$ 2.31$ 3.06$ 4.00$ 0.30$
900.00$ 0.40$ 2.13$ 3.06$ 4.00$ 0.30$ 900.00$ 0.33$
1.88$ 3.06$ 4.00$ 0.30$ 900.00$ 0.31$ 1.79$ 3.06$
4.00$ 0.30$ 900.00$ 0.26$
1.61Vcu0.11FC105.00394$11.77Price100%423BEq$
1,399.008.46Vcu72%$3.31Cmu28%$ 4,977.70BE$What
questions would you need to have answered to determine if
Angie can reach her goal in the next six months?