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The first two paragraphs are the same as in Question 4; the remaining information is...

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Accounting

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The first two paragraphs are the same as in Question 4; the remaining information is different. DestressWithChocolate Company produces a high-quality chocolate almond bar. Each bar sells for $4.00. Variable costs for each bar (sugar, chocolate, almonds, wrapper, labor, etc.) total $1.50. Total fixed costs are $1,500,000. In March 2020, 2 million bars were sold. The President of DestressWithChocolate is not satisfied with the profit performance of the chocolate almond bar and has asked her team to propose several options to increase profitability. The Production Manager proposed increasing the quality of the bar's ingredients, which would increase variable costs by $1.00. If the President's goal is to increase current profitability by 50%, what does the new selling price need to be? Round up. 0 $5.12 0 $4.88 O $4.12 O $5.00 $5.88

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