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Author Question: A restaurant has annual overhead expenses of 525,000 and wants an annual profit of 20,000 . Annual ... (Read 106 times)

mspears3

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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?


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mcarey591

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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

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Reply 2 on: Aug 10, 2018
Thanks for the timely response, appreciate it

bblaney

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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