Question
A restaurant has an average check of $12.95, with an average variable cost of $5.44. Fixed costs are $140,000. Calculate the following: (5 points) a.
A restaurant has an average check of $12.95, with an average variable cost of $5.44. Fixed costs are $140,000. Calculate the following: (5 points)
a. What is the unit contribution margin?
b. What are breakeven units?
c. What is the variable cost percentage?
d. What is the contribution as a percentage?
e. What is breakeven sales revenue?
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Financial Accounting For MBAs
Authors: Peter D. Easton, John J. Wild, Robert F. Halsey, Mary Lea McAnally
4th Edition
9781934319345
