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2 Brief Exercise 11-15 [LO 11-2 Lance's Diner has a hot-lunch special each weekday and Sunday afternoon. The cost of food and other variable costs
2 Brief Exercise 11-15 [LO 11-2 Lance's Diner has a hot-lunch special each weekday and Sunday afternoon. The cost of food and other variable costs for each meal served is $4.20; weekly fixed costs (e.g., building depreclation and equipment rental costs) are $6,400, regardless of how many days the diner is open per week. Lance has an average of 800 customers per day. points Skipped a. What is the lowest price in total (not per meal) that Lance should charge for a speclal group of 500 that wants to come on Saturday for a family reunion? b. What should be the lowest price per mealthat Lance should charge for the hot-lunch special served on weekdays and Sunday afternoons? (Round "Lowest price per meal" answer to 2 declmal places.) eBook a. Lowest price in total b. Lowest price Print References
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