Because of the pandemic impact and reduced number of customers, the Ocean View Restaurant has been experiencing decline in dinner sales, and the owners think that keeping it open for one additional hour each night will help the situation. If the restaurants stays open for one more hour, the additional labor costs will be $174 and additional costs for heat and light will be $38. The restaurant's variable rate is .36. What level of dollar sales volume will be required to break even for this additional hour? Select one: a. cannot be determined from the given data b. $212 c. $588.89 d. $331.25
Because of the pandemic impact and reduced number of customers, the Ocean View Restaurant has been experiencing decline in dinner sales, and the owners think that keeping it open for one additional hour each night will help the situation. If the restaurants stays open for one more hour, the additional labor costs will be $174 and additional costs for heat and light will be $38. The restaurant's variable rate is .36. What level of dollar sales volume will be required to break even for this additional hour?
Select one:
a. cannot be determined from the given data
b. $212
c. $588.89
d. $331.25
2. Given the following information, determine the difference between book and actual inventory as a percentage of issues: Opening inventory for the day was $200, and daily issues were $500. The purchases totaled $600, and the actual inventory was $250. Show the calculation.
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