Adrian's Restaurant is a 38-seat restaurant open every day for lunch and dinner. For the month of May, it plans to turn over the restaurant 1.5 times at lunch and 2.5 times at dinner. Each server can handle 19 guests at a time. Lunch shifts are typically 4 hours and dinner shifts are typically 5 hours. Servers earn $12 per hour. Calculate the cost of server labour for lunch, dinner and in total for the month of May. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. Lunch Labour Cost = $4464 Dinner Labour Cost = $9300 Total Labour Cost = $13764 X x x
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- Sharon's Cutting Station offers a new concept in haircuts; low cost and very quick. Set in a local mall, Sharon's offers 15-minute haircuts for harried shoppers who do not have time for lengthy appointments. To ensure that the clients are in and out quickly, she schedules her 5 employees based on expected client traffic. Each of the employees is paid $1220 per month, with part of their pay coming from client tips. Sharon pays rent and overhead costs of $2400 per month on the facility. Because of the quick nature of the service, Sharon doesn't have time to clean combs in between clients, so she uses a new comb for each customer, at a cost of $0.60 each. She also provides shampoo and conditioner for each client at a cost of $1.05 per client. The average price for a haircut is $15. Sharon pays herself $5600 per month. What is Sharon's contribution margin ratio? 89.0% 85.8% O 12.0% O 11.0%The Restwell Motel still has 200 rooms but has updated its demand for the winter months: December through March. While the motel still requires one full-time employee, paid $1500 per month, for every 20 rooms rented, management has decided to eliminate overtime for full-time employees and hire part-time workers as required. Restwell can hire part-time workers in incremental units to match the workload) at $1200 per month. Revised Demand: Month December January February March Demand 160 200 190 180 Based on your analysis, answer the following questions concerning the staffing and costs for the motel. With the elimination of overtime for full time personnel, the total labor costs for the Restwell Motel during the four month time period is now: answer choices a. $61,200 b $51,000 cc. $54,040 d. $11,356 question 2: With a regular work force of six employees, how many part time workers are required in February for the Restwell Motel? a. 3.25…It costs Homer's Manufacturing $0.65 to produce baseballs and Homer sells them for $4.00 a piece. Homer pays a sales commission of 5% of sales revenue to his sales staff. Homer also pays $16,000 a month rent for his factory and store, and also pays $81,000 a month to his staff in addition to the commissions. Homer sold 69,500 baseballs in June. If Homer prepares a traditional income statement for the month of June, what would be his gross profit? Question 30 options: $45,175 $278,000 $323,175 $232,825
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- Food Service Corp. offers a meal service for commuting college students. In the month of January, 2,000 meals were served at a total cost of $9,700. In February, 1,450 meals were served at a total cost of $7,300, and the total number of meals served for March were 1,100 at a total cost of $6,100. Using the high-low method, the variable cost per unit is $4.00. What is the total fixed cost and the total variable cost for January? a. The total fixed cost is $8,000, and the variable cost is $1,700. b. The total fixed cost is $5,600, and the variable cost is $4,100. O c. The total fixed cost is $4,100, and the variable cost is $5,600. d. The total fixed cost is $1,700, and the variable cost is $8,000.Paul's Pool Service provides pool cleaning, chemical application, and pool repairs for residential customers. Clients are billed weekly for services provided and usually pay 40 percent of their fees in the month the service is provided. In the month following service, Paul collects 50 percent of service fees. The final 10 percent is collected in the second month following service. Paul purchases his supplies on credit, and pays 50 percent in the month of purchase and the remaining 50 percent in the month following purchase. Of the supplies Paul purchases, 70 percent is used in the month of purchase, and the remainder is used in the month following purchase. The following information is available for the months of June, July, and August, which are Paul's busiest months: June 1 cash balance $16,700. June 1 supplies on hand $4,500. June 1 accounts receivable $9,400. • June 1 accounts payable $4,400. • Estimated sales for June, July, and August are $28,200, $42,300, and $45,000,…Sugar Magnolia Company operates a cafeteria for its employees. The number of meals served each week over the last seven weeks, along with the total costs of operating the cafeteria are given below: Meals Served Cafeteria Costs Week 1 1,625 $5,080 Week 2 1,325 $3,980 Week 3 1,550 $4,940 Week 4 1,400 $4,700 Week 5 1,650 $5,100 Week 6 1,800 $5,380 Week 7 1,975 $5,540 Week 8 2,000 $5,640 Assume that the relevant range includes all of the activity levels mentioned in this problem. Using the high-low method: the variable cost per meal served in the cafeteria would be estimated to be: $_____________________________ b.) the estimated fixed cost per week is: $______________________________
- Adrian's Restaurant is a 66-seat restaurant open every day for lunch and dinner. For the month of May, it plans to turn over the restaurant 1.5 times at lunch and 2.5 times at dinner. Each server can handle 22 guests at a time. Lunch shifts are typically 4 hours and dinner shifts are typically 6 hours. Servers earn $12 per hour. Calculate the cost of server labour for lunch, dinner and in total for the month of May. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. Lunch Labour Cost = $ 336 Dinner Labour Cost = $ Total Labour Cost = $Annie's Homemade is deciding whether to retain or drop a 700-square feet satellite shop location. The company makes the ice cream sold at the satellite location at its larger main shop location. Twice a month the company transports ice cream from its main shop to the satellite location. The company gathered the following additional information to assist in making the decision: Annual sales at the satellite location i Ingredient costs as a percent of sales Monthly rent at satellite location (the lease is cancelable). Average monthly utility expense at satellite location. Part-time store managers' combined annual wages at satellite location Annual hourly wages paid to additional employees at satellite location Annual hours spent by salaried managers at the main shop location supporting the satellite location i Other annual expenses: Annual depreciation expense on satellite store's equipment (no salvage value) Annual pickup truck and cargo trailer depreciation, insurance, registration,…Jason is in the furniture business. He observed increasing demand for office chairs, and strongly anticipates even better results in the next quarter. Jason decides to reconsider his production plans, and he comes up with the following production budget for the second quarter: April May June 600 units 650 units 710 units A Jason determines that every unit needs 2 hours of direct labor (DL) time. He pays $24 per hour to his daily wage workers. Considering the given information, which of the following is correct? O For the second quarter. total DL hours and total DL cost will be 3980 and $92640 respectively. O For the second quarter, total DL hours and total DL cost will be 1200 and $28800 respectively. O For the second quarter, total DL hours and total DL cost will be 3920 and $94080 respectively. O For the second quarter, total DL hours and total DL cost will be 1300 and $31200 respectively.