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A restaurant specializes in a seafood buffet dinner only, at a price of $15.75 per person with a variable cost of $6.30 per person. The fixed cost is $6000 per month. On a monthly basis, how many buffet meals must be served to break even if they are open 20 days per month? 900 meals 635 meals O 735 meals 850 meals

A restaurant specializes in a seafood buffet dinner only, at a price of $15.75 per person with a variable cost of $6.30 per person. The fixed cost is $6000 per month. On a monthly basis, how many buffet meals must be served to break even if they are open 20 days per month? 900 meals 635 meals O 735 meals 850 meals

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Given the facts in the previous question, how many meals would have to be sold if variable costs increased 20% and fixed costs declined by 20% ? Same operating income requirement stands. 60,000 O 70,000 O 65,000 50,000 Question 4 A restaurant specializes in a seafood buffet dinner only, at a price of $15.75 per person with a variable cost of $6.30 per person. The fixed cost is $6000 per month. On a monthly basis, how many buffet meals must be served to break even if they are open 20 days per month? 900 meals 635 meals 735 meals 850 meals
Transcribed Image Text:Given the facts in the previous question, how many meals would have to be sold if variable costs increased 20% and fixed costs declined by 20% ? Same operating income requirement stands. 60,000 O 70,000 O 65,000 50,000 Question 4 A restaurant specializes in a seafood buffet dinner only, at a price of $15.75 per person with a variable cost of $6.30 per person. The fixed cost is $6000 per month. On a monthly basis, how many buffet meals must be served to break even if they are open 20 days per month? 900 meals 635 meals 735 meals 850 meals
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