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Author Question: A restaurant budgets 24 of sales for variable costs, 12 for fixed costs, and 5 for profit. One of ... (Read 209 times)

bio_gurl

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on: Aug 10, 2018
A restaurant budgets 24 of sales for variable costs, 12 for fixed costs, and 5 for profit. One of the dishes on the menu has a cost per portion of 3.27 and a direct labor cost of 0.97 .
 
  Using the actual pricing method, what is the appropriate sales price for this dish?

Question 2

Convert 0.875 to a fraction.
 
  What will be an ideal response?


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shaquita

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Reply #1 on: Aug 10, 2018
Answer to Question 1

7.19

Answer to Question 2

This is a multiple of 0.125 (which equals 1/8). Since
0.875 = 7 X 0.125, then 0.875 = 7/8 . Alternatively, write 875/1000 . It can be reduced by
dividing numerator and denominator by 125, to get 7/8


bio_gurl

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Reply #2 on: Aug 10, 2018
Thanks


shaquita

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Reply #3 on: Aug 10, 2018
Welcome :)


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