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fixed cost of $ 1 9 , 0 0 0 per month. The variable cost of food is $ 1 1 per guest. Read the
fixed cost of $ per month. The variable cost of food is $ per guest.
Read the requirements.
Requirement What is the restaurant's cost equation for estimating costs if the number of guests to be served is up to guests per month?
Requirements
What is the restaurant's cost equation for estimating costs if the number of guests to be served is up to guests per month?
If the restaurant were to serve guests in May, what would be the:
a Estimated total cost? Use the cost equation from Requirement
b Average cost per guest?
If the restaurant were to serve guests in June, what would be the:
a Estimated total cost using the cost equation from Requirement
b Estimated total cost using the average per guest cost from Requirement
c Why is there a difference in the two cost estimates?
What is the restaurant's cost equation for estimating costs if the number of guests to be served is more than guests per month?
If the restaurant were to serve guests in July, what would be the estimated total cost? Use the cost equation from Requirement
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