1,500 meals were sold last period at a local restaurant at a variable cost per meal of $8. Total fixed costs are $5,000 per period. What is their total cost per meal? a. $8.30 per meal b. $11 per meal c. $11.33 per meal
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- In a 30-day period a restaurant was open for nine hours per day. Costs incurred in the period totalled GH¢65,124. The following additional information is available: Number of tables available=15, Number of seats per table=4, customer turnaround is 1 hour and Seating occupancy achieved is 60%. What was the cost per customer?A. GH¢4·02B. GH¢6·70C. GH¢16·08D. GH¢26·80Assume the total monthly operating costs of a McDonald's restaurant are: $40,000 + $0.75X where X Number of salads orders (a) Determine the average cost per salad at each of the following monthly volumes: 1,000; 10,000; 50,000; 100,000. Round answers to two decimal places. Volume Average Unit Cost 1,000 Answer 0 10,000 Answer 0 50,000 Answer 0 100,000 Answer O (b) Determine the monthly volume at which the average cost per serving is $2.35.Following is relevant information for Philly's Sandwich Shop, a small business that serves sandwiches: Total fixed cost per month Variable cost per sandwich $1,020.00 1.50 Sales price per sandwich 5.75 During the month of June, Philly's sold 580 sandwiches. Required: Complete the contribution margin income statement for the month of June. Note: Round your final answers to the nearest whole dollar. Philly's Sandwich Shop Contribution Margin Income Statement Month of June Contribution margin Net Operating income
- A restaurant budgets for overhead expenses of $430,000 and a profit of $65,000 based on sales of $780,000. Using the overhead - contribution method, what should the restaurant charge for an entrée with a cost per portion $3.97? Round up to the nearest penny?A yogurt company sells its product for S4 per cup. The variable costs to produce each cup add up to $1.50. The company's fixed costs each month are $300,000. What is the unit contribution? S 300, 005.50 $2.50 $5.50 $120,000
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