Question
6. At the Sunshine Hotels restaurant, total fixed costs in March were $18,422.80. In that month, 13,228 covers were served. What was the fixed cost
6. At the Sunshine Hotels restaurant, total fixed costs in March were $18,422.80. In that month, 13,228 covers were served. What was the fixed cost per cover for March? (Result rounded to hundredth of decimal .00).
7. Use the information from question (7) above, assume that fixed costs will increase by 2 percent in April and determine fixed cost per cover if the number of covers increases by 10 percent in April. (Round the new fixed costs to hundredth of a decimal (.00), the new covers number to tenth of a decimal (.0), and the final result to one hundredth of a decimal (.00))
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