1. If a steak has a food cost of $5 and a price of $20, the food...
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Question:
- 1. If a steak has a food cost of $5 and a price of $20, the food cost percentage is 25%. If we sell 20 steaks was is the food cost percentage?
- 2. If 40% of dollar sales is used to cover variable costs then the remainder is used to cover what?
- 3. What is the breakeven point?
- 5. In reference to food products, what are directs and stores and provide an example of each. (2)
4. Daphne's Restaurant has sales of $800,000, variable costs of $342,400 and fixed costs of $345,600. What is the profit?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: