You were asked to cater a buffet for 70 people at $18 per person. Your variable costs

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You were asked to cater a buffet for 70 people at $18 per person. Your variable costs average 68%, and fixed costs are $100 per day. Determine your contribution margin and operating income. Should you accept the proposal?

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Hospitality Management Accounting

ISBN: 9780471687894

9th Edition

Authors: Martin G Jagels, Catherine E Ralston

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Question Posted: Jun 21, 2024 09:01 AM

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1.You were asked to cater a buffet for 70 people at $18 per person. Your variable costs average 68%, and fixed costs are $100 per day. Determine your contribution margin & operating income. Should...
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You were asked to cater a buffet for 70 people at $18 per person. Your variable costs

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Hospitality Management Accounting

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