What would the total meal cost per resident day be next year given the following: 275 resident at 80% occupancy this year and next year Current food cost per resident day is $8.25, increasing by 3% next year All other expenses including labour are $689,000 this year, with no increase next year Question 38 options: $15.11 $15.36 $17.08 $16.83

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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What would the total meal cost per resident day be next year given the following: 275 resident at 80%
occupancy this year and next year Current food cost per resident day is $8.25, increasing by 3% next
year All other expenses including labour are $689,000 this year, with no increase next year Question 38
options: $15.11 $15.36 $17.08 $16.83
Transcribed Image Text:What would the total meal cost per resident day be next year given the following: 275 resident at 80% occupancy this year and next year Current food cost per resident day is $8.25, increasing by 3% next year All other expenses including labour are $689,000 this year, with no increase next year Question 38 options: $15.11 $15.36 $17.08 $16.83
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