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- Kerr Manufacturing sells a single product with a selling price of $600 with variable costs per unit of $360. The companys monthly fixed expenses are $72,000. What is the companys break-even point in units? What is the companys break-even point in dollars? Prepare a contribution margin income statement for the month of January when they will sell 500 units. How many units will Kerr need to sell in order to realize a target profit of $120,000? What dollar sales will Kerr need to generate in order to realize a target profit of $120,000? Construct a contribution margin income statement for the month of June that reflects $600,000 in sales revenue for Kerr Manufacturing.A restaurant has 145 seats needs $60,000 to earn the annual interest payment to the bank. Its monthly fixed labor cost is $7,800 along with other annual fixed cost of $270,000. It has a guest check average of $22 and per guest average cost of $15.50. What revenue is needed to cover all costs? What average daily seat turnover will be needed, assuming the operation is closed 3 days a year?Millstone Public House averages sales of $6 per guest when serving 20,000 guests. The restaurant's variable costs when serving 20,000 guests is $90,000. The contribution margin per guest is $1.50. Fixed monthly costs are $ 50,000. What is this restaurant's monthly breakeven point in sales dollars?a. $66, 667b. $86,667c. $76,667d. $56, 667
- How many customers and what revenue will the resturant need each month to break even? The monthly costs consist of rent of $10,000, interest of $3,500, fixed labor costs of $12,000, other variable costs are 27% of revenue. The guest check average is $14.50.The LeeAnn Family Restaurant is open 24 hours a day and serves breakfast, lunch, and dinner. The owner of the business has determined that fixed costs are $24,000 per month. Variable costs are estimated at $9.60 per meal. The average total bill (excluding tax and tip) is $12 per customer. 1. Compute the break-even point in meals. 2. Compute the break-even volume in dollars. 3. Compute the number of meals that must be served if the LeeAnn Family Restaurant wishes to earn a profit of $6,000.The Inn charges a room rate of $180 per night. The variable costs per room are estimatedto be $60 per night. Fixed costs for a month are as follows:Property taxes $ 550Insurance 320Salaries 4,250Depreciation 880Total fixed costs $ 6,0001. Using the information above, calculate the number of rooms necessary to be rented each month in order for the Inn to break even.2. Calculate the contribution margin ratio of renting a room. (XX.X) 3. What is the Inn's breakeven point in monthly revenue?4. If the Inn wanted to earn a monthly net income of $6,600, how many rooms would it have to rent each month?5. If the Inn rents 80 rooms this month, what is its safety margin…in rooms?in revenue?as a percentage of revenue? (XX.X)6. The Inn is facing some cost increases. As it looks right now, in a few months variable costs will increase by $5 per room, property taxes will increase by 2%. Insurance will be obtained from a new carrier and will be reduced by $31 per month. Salary increases will be…
- The owner of Queens Restaurant is disappointed because the restaurant has been averaging 8,000 pizza sales per month, but the restaurant and wait staff can make and serve 10,000 pizzas per month. The variable cost (for example, ingredients) of each pizza is $1.45. Monthly fixed costs (for example, depreciation, property taxes, business license. and manager's salary) are $10,000 per month. The owner wants cost information about different volumes so that some operating decisions can be made. (Click the icon to view the chart for Requirement 1.) Read the requirements. Requirement 1. Use the chart below to provide the owner with the cost information. Then use the completed chart to help you answer the remaining questions. (Enter total variable costs to the nearest dollar. Enter costs per pizza, price per pizza, and profit per pizza to the nearest cent.) Monthly pizza volume...... 5,000 10,000 Total fixed costs. Total variable costs Total costs Fixed cost per pizza Variable cost per pizza…Annie's Homemade sells ice cream for $5.00 per serving. Its variable cost is $1.25 per serving and its total fixed costs are $11,000 per month. Required: What is Annie's break-even point in number of servings per month? What is Annie's break-even point in dollar sales per month? Do not give answer in imageUsing the high-low method, Regency Hotels estimates the total costs of providing room service meals at $12,000 per month, plus 60 percent of room service revenue. What is the contribution margin ratio of providing room service meals? What is the break-even point for room service operations in terms of total room service revenue? What would you expect to be the total cost of providing room service in a month in which room service revenue amounts to $40,000?
- Assume the total monthly operating costs of a Hardee’s restaurant are: $35,000 + $0.75Xwhere X = Number of burgers ordered Determine the average cost per burger if the monthly volume of burgers ordered is 20,000.The LeeAnn Family Restaurant is open 24 hours a day and serves breakfast, lunch, and dinner. The owner of the business has determined that fixed costs are $24,000 per month. Variable costs are estimated at $9.60 per meal. The average total bill (excluding tax and tip) is $12 per customer. Assume that fixed costs increase to $30,000. How many additional meals must be served if the restaurant wishes to earn the same profit?Who Done It Mystery Theater sells tickets for dinner and a show for $55 each. The cost of providing dinner is $40 per ticket and the fixed cost of operating the theater is $100,000 per month. The company can accommodate 15,000 patrons each month. What is the contribution margin ratio?