This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A restaurant has annual overhead expenses of 525,000 and wants an annual profit of 20,000 . Annual ... (Read 123 times)

mspears3

  • Hero Member
  • *****
  • Posts: 586
on: Aug 10, 2018
A restaurant has annual overhead expenses of 525,000 and wants an annual profit of 20,000 . Annual sales are 800,000 . Using the overhead contribution method, what is the appropriate sales price for a dish with a cost per portion of 3.19?
 
  What will be an ideal response?

Question 2

A manager forecasts that by keeping his bar open another 2 hours, he can generate an additional 220 in sales. The labor cost for those two hours is 79 and the additional utilities cost 38 .
 
  If the variable rate for all other costs for those two hours is 0.474, what is the break-even point for these additional 2 hours? Will the business break even during these additional 2 hours?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mcarey591

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Aug 10, 2018
Answer to Question 1

10.00

Answer to Question 2

222.43 . The business will not break even during those hours.


mspears3

  • Member
  • Posts: 586
Reply 2 on: Aug 10, 2018
YES! Correct, THANKS for helping me on my review

jordangronback

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

During their annual migration, the entire population of Arctic terns move from the Arctic Ocean in t During their annual migration, the entire population of Arctic terns move from the Arctic Ocean in t
Per capita annual alcohol consumption (2005) Per capita annual alcohol consumption (2005)
Average Annual Growth Rates of Population by Country Group Average Annual Growth Rates of Population by Country Group
Annual Earthquake Occurrence Annual Earthquake Occurrence
Jawad makes semi-annual contributions of $2000 starting on his 27th birthday. How much will he ... Jawad makes semi-annual contributions of $2000 starting on his 27th birthday. How much will he ...
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ... Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
Video: Summation - defined, spatial, temporal & AP generation or not

For a complete list of videos, visit our video library