Prepare a cvp graph for wimpees, Accounting Basics

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Prepare a cvp graph for wimpees

Question:

Wimpee"s Hamburger Stand sells the Super Tuesday Burger for $3.00. The variable cost per hamburger is $1.75; total fixed cost per month is $25,000.

Required

1. How many hamburgers must Wimpee"s sell per month to break even?

2. How many hamburgers must Wimpee"s sell per month to make $6,000 in operating income?

3. Prepare a CVP graph for Wimpee"s.

4. Assuming that the most hamburgers Wimpee"s has ever sold in a month is 21,000, how likely is Wimpee"s to achieve a target operating income of $6,000? What actions could Wimpee"s manager take to increase the chances of reaching that target operating income?

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Accounting Basics: Prepare a cvp graph for wimpees

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Accounting Basics: Prepare a cvp graph for wimpees

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