Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A Festaurant is open only for 25 days in a month. Expenses for the restaurant include raw material for each sandwich at $6,00 per slice,

image text in transcribed
A Festaurant is open only for 25 days in a month. Expenses for the restaurant include raw material for each sandwich at $6,00 per slice, $1,105.00 as monthly rental and $447.00 monthly as insurance. They consider the cost of lost sales as $4.00 per item. They are able to sell any leftover sandwiches for \$3. They prepares 200.00 sandwiches and solls them at a rate of $15.00/ sandwich. Todiy there was a party at nearby office so the demand for sandwiches roso to 229.00. How much profit did the restaurant earn today? Answer format: Currency: Round to: 0 decimal places. Expenses for a Pizza rostaurant include raw material for pizza at $5.00 per slice, $120.00 as monthly rental and $35.00 monthly as insurance. Lost sale expense is considered to be $5.00 per unhappy customer, Leftover Pizza can be sold for \$3. The restaurant is open 25 days in a month. Today the restaurant prepared 200.00 pizza slices and sells them for $15.0c3 slice. There was a party at a nearby office so the demand for pizza went up to 230.00 alices. What is the daily fixed costs expense

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding Financial Accounting

Authors: Christopher D. Burnley

3rd Canadian Edition

1119715474, 9781119715474

More Books

Students also viewed these Accounting questions