Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A restaurant has a monthly food cost of 31%, liquor cost of 18%, and payroll cost of 32% in the same month that it has

A restaurant has a monthly food cost of 31%, liquor cost of 18%, and payroll cost of 32% in the same month that it has $15,750 in sales with a 72:28 food to liquor ratio. The cost of benefits are 19% of payroll cost. What is the restaurants prime cost for this month?

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

Bank Management Text And Cases

Authors: George H. Hempel, Alan B. Coleman, Donald G. Simonson

3rd Edition

ISBN: 0471621781, 978-0471621782

More Books

Students also viewed these Accounting questions

Question

what is an algorithm?

Answered: 1 week ago

Question

develop ideas for a research project;

Answered: 1 week ago