Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help asap The Jackson Bft ofiers an all youareat bufet mealfor S25 per person. The restant employs ten salaried employees. Rrt for te big engoe

help asap image text in transcribed
image text in transcribed
image text in transcribed
The Jackson Bft ofiers an all youareat bufet mealfor S25 per person. The restant employs ten salaried employees. Rrt for te big engoe sies and other fixed costs for the restaurant are $76,200 per month when the restaurant serves meals up to 14,100 guests in that month. ifthe restaurant were to serve more than 14,100 guests in any given month, it would need to hire two additional servers and two additional kitchen stalf for an additional foxed cost of $21,000 per month. The variable cost of food is $17 per guest Read the requirements Requirement 1. What is the restaurant's cost equation for estimating costs if the number of guests to be served is up to 14,100 guests per month? 321 x+$ Requirement 2a. If the restaurant were to serve 12,700 guests in May, what would be the estimated total cost (Use the oost equation from Requirement 1.) if the restaurant were to serve 12,700 guests in May, the estimated total cost would bes Requirement 2b. If the restaurant were to serve 12,700 guests in May, what would be the average cost per guest? T the restaurant were to serve 12,700 guests in May, the average cost per guest would be Requirement 3a. f the restaurant were to serve 11,300 guests in June, what would be the estimated total cost using the cost equation from Requirement 1? ts for a Overall Sc If the restaurant were to serve 11,300 guests in June, the estimated total oost using the cost equation from Requirement1 les hat is the restauran 1. What is the rostaurant's cost equation for estimating costs if the number of ests per month? guests to be served is up to 14,100 guests per month? 2. If the restaurant were to serve 12,700 guests in May, what would be the: SA a. Estimated total cost? (Use the cost equation from Requirement 1.) If the restaurant wer were to serve 12,7003. o. f the restaurant wen t were to serve 12,700 a. If the restaurant wer nt were to serve 11,300 b. tion from Requirement 1.) Average cost per guest? the restaurant were to serve 11,300 guests in June, what would be the: Estimated total cost using the cost equation from Requirement 1? a. b. Estimated total cost using the average per guest cost from Requirement 2b? c. Why is there a difference in the two cost estimates? ts for 4. What is the restaurant's cost equation for estimating costs if the number of ation from Requirement 1? guests to be served is more than 14,100 guests per month? If the restaurant were to serve 15,600 guests in July, what would be the estimated total cost?(Use the cost equation fom Requirement 4.) 5. 3b. If the restaurant wer Print Done per guest cost from Requirement 2b? mber in the edit fields and then continue to the next question. b. the restaurant were to serve 11,300 guests in June, what would be the estimatod total cost using the average per guest cost from Requirement 267 the restaurant were to sarve 11,300 guests in June,the eaimatod tolel ost using the average cost per quest from 3/21/19 10 Requiremert 2b would be $ Requirement 3c. Why ls there a difflerenoo in the two oost estimates There is a difference in the two cost estimates because the average cost per guest buffelr's costs. The fxed cosh per unit Requiremant 4. What i 23 as volume changes, due to the of the s Volurme decreases, while the variable cost per uni s the restaurant's cont equatien for estimating oasts if the number of guests to be served is more than 14,100 guests per month? ts for a Overall Score Requiremant & ir the restaumant were to serve 16,80 guests in Jiuly, what would be he estmated total cost? (Use the cost oquation tom Requirement 4) dules the restaurant were lo serve 16,600 guests in Jly,the estimated total cost uning the cot equation from Renquirement would be $ ools

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

The Audit Process Principles Practice And Cases

Authors: Iain Gray, Louise Crawford, Stuart Manson

7th Edition

1473760186, 9781473760189

More Books

Students also viewed these Accounting questions

Question

What is the message repetition?

Answered: 1 week ago

Question

What is the budget for this project?

Answered: 1 week ago