Jibba Steakhouse has budgeted the following costs for a month in which 1,600 steak dinners will be produced and sold: Materials $4,080 = Hourly labor (variable) = $5,200 Rent (fixed) = $1,755 Depreciation = $770 Other fixed costs = $645 Each steak dinner sells for $13.00 each. How much would profit increase if 11 more dinners were sold?

Jibba Steakhouse has budgeted the following costs for a month in which 1,600 steak dinners will be produced and sold: Materials $4,080 = Hourly labor (variable) = $5,200 Rent (fixed) = $1,755 Depreciation = $770 Other fixed costs = $645 Each steak dinner sells for $13.00 each. How much would profit increase if 11 more dinners were sold?

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter16: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 10E: Schylar Pharmaceuticals, Inc., plans to sell 130,000 units of antibiotic at an average price of 22...

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Subject:- Cost Account
Subject:- General Account
Dinner were sold ?
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Good Times Restaurant estimates the following costs for next year: fixed costs $120,000, variable cost per meal $15. If they want to earn a profit of $90,000 and charge $35 per meal, calculate the required number of meals.
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