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JUST NEED HELP FINISHING THE PART 3 I ALREADY DID THE FIRST PORTIONS thanks! BTW the monthly profit is NOT 2100 which is what another

JUST NEED HELP FINISHING THE PART 3 I ALREADY DID THE FIRST PORTIONS

thanks!

image text in transcribed

image text in transcribed

image text in transcribedBTW the monthly profit is NOT 2100 which is what another user said it was

Requirements Data table 1. Use the chart below to provide the owner with the cost information. Then use the completed chart to help you answer the remaining questions. 2. From a cost standpoint, why do companies such as Riverdale Restaurant want to operate near or at full capacity? 3. The owner has been considering ways to increase the sales volume. The owner thinks that 5,000 pizzas could be sold per month by cutting the selling price per pizza from $5.75 to $5.25. How much extra profit (above the current level) would be generated if the selling price were to be decreased? (Hint: Find the restaurant's current monthly profit and compare it to the restaurant's projected monthly profit at the new sales price and volume.) The owner of Riverdale Restaurant is disappointed because the restaurant has been averaging 4,000 pizza sales per month, but the restaurant and wait staff can make and serve 5,000 pizzas pe month. The variable cost (for example, ingredients) of each pizza is $1.15. Monthly fixed costs (for example, depreciation, property taxes, business license, and manager's salary) are $4,000 per month. The owner wants cost information about different volumes so that some operating decisions can be made. (Click the icon to view the chart for Requirement 1.) Read the Requirement 1. Use the chart below to provide the owner with the cost information. Then use the completed chart to help you answer the remaining questions. (Enter total variable costs to the nearest dollar. Enter costs per pizza, price per pizza, and profit per pizza to the nearest cent.) Requirement 2. From a cost standpoint, why do companies such as Riverdale Restaurant want to operate near or at full capacity? Companies want to run at full capacity to better utilize the resources they spend on costs. The more units they produce, the the cost per unit. Requirement 3. The owner has been considering ways to increase the sales volume. The owner thinks that 5,000 pizzas could be sold per month by cutting the selling price per pizza from $5.75 to $5.25. How much extra profit (above the current level) would be generated if the selling price were to be decreased? (Hint: Find the restaurant's current monthly profit and compare it to the restaurant's projected monthly profit at the new sales price and volume.)

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