Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ABC operates a catering company. ABC provides food and servers for parties; the company also rents tables, chairs, linens, chocolate fountains, tableware, and recommends florists

ABC operates a catering company.

ABC provides food and servers for parties; the company also rents tables, chairs, linens, chocolate fountains, tableware, and recommends florists on occasion.

The brides parents contacted the company about catering for the wedding.

They have requested a quote on the following:

320 guests

40 tables with colourful linens (8 guests per table)

A cash bar

A wedding cake

Fine China and crystal stemware

ABC created the following bid:

$9,600

Food at $30.00 per guest

$350

Wedding cake

$400

Servers 10 at $40 each (At 32 guests per server)

$100

Two bartenders at $50 each

$80

Linens at $2 per table

$200

40 tables at $5 per table

$80

Dinnerware $2 per table

$80

Glassware at $2 per table

$10, 890

Total

Instructions

The family had a budget of $8,000 to $9,000. The parents asked for a requote if there were 288 guests.

Based on the above variable and fixed costs, develop an alternative bid for the parents.

Write a short paragraph to explain to the family how they might be able to reduce costs.

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

Accounting For The Environment

Authors: Rob Gray, Jan Bebbington

2nd Edition

0761971378, 978-0761971375

More Books

Students also viewed these Accounting questions